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Showing 20 of 76 results by fred22
I just wonder why the market is going down again. I checked the news and didnt see anything specific. The funny part is when the market is going up it increases in cents and when going down it drops billions. Why cant it rest on the weekend like everything else!? Nothing makes sense when it comes to this silly nonsense crypto market
Litcoin is having it's own fork, to create Litecoincash:
https://www.newsbtc.com/2018/02/14/deep-divisions-over-litecoin-cash-fork/
In the short term, I expect people will buy litecoin just to qualify for the airdrop. But it's not clear which if any exchanges are supporting Litecoin Cash.
https://www.newsbtc.com/2018/02/14/deep-divisions-over-litecoin-cash-fork/
Quote
Litecoin founder Charlie Lee has been extremely active lately posting warnings on social media about a forked version that he does not support. Lees public outcry comes as a fork for a competing crypto dubbed Litecoin Cash draws nearer.
There is currently nothing to stop anyone making their own cryptocurrency or forking off from an existing blockchain. Countless new iterations of Bitcoin have emerged in the past few months from GOD to DARK. People can get scammed if they dont do their own research and blindly follow the streams of dross that pollute social media platforms. Governments are anxious to regulate the industry to prevent these sorts of things from happening.
On the surface Litecoin Cash appears to be just another one of these, riding on the name to garner interest. It comes with a plan to increase the block time, enable SHA256 mining, and offer 90% cheaper transaction fees than its parent altcoin. The fork will happen at block 1371111, which is around February 18 or 19. Charlie Lee and the Litecoin team however want nothing to do with it;
To win over investors and traders the forkers are offering free LCC tokens for LTC holders at a ratio of ten to one. This is the common method of drumming up support for a newly forked crypto coin
There is currently nothing to stop anyone making their own cryptocurrency or forking off from an existing blockchain. Countless new iterations of Bitcoin have emerged in the past few months from GOD to DARK. People can get scammed if they dont do their own research and blindly follow the streams of dross that pollute social media platforms. Governments are anxious to regulate the industry to prevent these sorts of things from happening.
On the surface Litecoin Cash appears to be just another one of these, riding on the name to garner interest. It comes with a plan to increase the block time, enable SHA256 mining, and offer 90% cheaper transaction fees than its parent altcoin. The fork will happen at block 1371111, which is around February 18 or 19. Charlie Lee and the Litecoin team however want nothing to do with it;
To win over investors and traders the forkers are offering free LCC tokens for LTC holders at a ratio of ten to one. This is the common method of drumming up support for a newly forked crypto coin
In the short term, I expect people will buy litecoin just to qualify for the airdrop. But it's not clear which if any exchanges are supporting Litecoin Cash.
It is not litecoin official fork and it doesn't have anything to do with litecoin. See the link below from litecoin developer.
http://bitcoinist.com/charlie-lee-labels-litecoin-cash-scam/
Charlie Lee interview with Cointegraph: I am full-time on Litecoin development
The article
https://cointelegraph.com/news/charlie-lee-bullish-on-bitcoin-and-litecoin-long-term-short-term-impossible-to-predict
This is part of the interview
CT: Why did you end up eventually leaving Coinbase?
CHARLIE: I left to focus on Litecoin. Im spending full-time on Litecoin development right now.
CT: But you sold all your stake in that?
CHARLIE: I did sell my coins, but Im still full-time on Litecoin development. I sold my coins due to conflicts of interest and not because I didnt believe in the project.
CT: Do you think that any person who owns or works full-time on a cryptocurrency shouldnt have any stake in their own coin?
CHARLIE: No, not necessarily. I think Im in a special position because I have such a large social media presence, and I have huge influence on the future of Litecoin and price movement of Litecoin, so Ive always felt a bit conflicted when Im promoting Litecoin on social media and see that affect the price. Also the fact it is helping me financially so I kind of wanted to remove the financial aspect from my work.
https://cointelegraph.com/news/charlie-lee-bullish-on-bitcoin-and-litecoin-long-term-short-term-impossible-to-predict
This is part of the interview
CT: Why did you end up eventually leaving Coinbase?
CHARLIE: I left to focus on Litecoin. Im spending full-time on Litecoin development right now.
CT: But you sold all your stake in that?
CHARLIE: I did sell my coins, but Im still full-time on Litecoin development. I sold my coins due to conflicts of interest and not because I didnt believe in the project.
CT: Do you think that any person who owns or works full-time on a cryptocurrency shouldnt have any stake in their own coin?
CHARLIE: No, not necessarily. I think Im in a special position because I have such a large social media presence, and I have huge influence on the future of Litecoin and price movement of Litecoin, so Ive always felt a bit conflicted when Im promoting Litecoin on social media and see that affect the price. Also the fact it is helping me financially so I kind of wanted to remove the financial aspect from my work.