Have made several withdrawals to regular wallets and to Faucet Hub with no issues.

https://allcoins.pw/?ref=16281

New account is still down.  Price still hovering around 25 sat.  It would seem no one else is taking any bait.  I guess we'll find out by Sunday if it's real or not.

I second that [while slow clapping in respect].  Bravo.

Good point


Nice.  Scandal.


Always, my friend.  Good luck to you.

Agree.  For me personally, this is one of the biggest red flags of all.  However, starting as an ERC20 token and moving to their own coin is not unheard of.  It's just very unusual for an idea that hasn't established itself yet.


That's possible and maybe even likely.  Maybe the reason the new twitter account disappeared is because the news didn't do anything.  LTCP is down a few more sat today.  I don't think it's been green at all since 4/20.


For anyone that doesn't know, I hope they take the time to read this post you made more than anything else.  I can't believe there are still people investing real and hard earned money into crypto that don't know how easy it is to do this.

Again, I feel terrible for the good people who get scammed.  Especially new people who are still trying to learn.  I know people have been told a million times but, DO NOT INVEST MONEY YOU CAN'T AFFORD TO LOSE.  This is a dirty game right now and it's only going to get dirtier until people learn lessons the hard way by getting scammed.  People need to use their heads more and emotions less.  Especially greed.

All of that said, I absolutely see the points you're making and they make sense.  I just don't think this is a scam.  I think it's a terribly run, unorganized great idea.  If it should somehow get to $10 I will be very happy all the way to the bank.  If it gets to $1 I'll be happy.  If it is a scam and goes to 0 sat I will say, "Oh well" and move on because it's so dirt cheap that it's not worth stressing over.  So, I guess I'm kind of looking at this project as a can't lose...even if I do.

I doubt anyone thinks they're going to get rich quickly off of LTCP.  If they do, they shouldn't.


Agree.  The fact remains that IF this is legit, the idea seems great.


I'd say $10 is a very unrealistic goal as it would have to nearly 5000x, but yes, TONS of red flags.  No doubt.  


True


You most certainly did.  That was great info and would've saved some a great deal of money and aggravation if they'd bothered to read it.  I know I'm glad I did.


The questions you asked were answered.  Maybe not to your satisfaction or even correctly, but they were answered.


Agree

 Yes.    Yes.    Yes, but notified in advance (I think.  Could be wrong).


Fork had already been announced.  Lots of deadlines can be missed and explained away.  Not that one.  


Great question.  I wondered that too.  I would guess too busy trying to meet the fork deadline, but it wouldn't take much time at all to visit (here especially) and slam out a 2 minute reassurance that this thing was going to happen.  The follow up question I would ask is whether anyone would have believed anything different about the project had he responded at all in those three weeks. There still was no "announcement", there was no wallet, etc.  Those things were all supposed to come before the fork and didn't so I don't think responding to anyone would've established any more faith than exists anyway.  LTCP still hit the ATH before the fork with no information given at all.


Answered above


IF it was hijacked, who would delete it?  Why would they care?  I quit watching so I have no idea.


Don't know.  Good question.


Yes, you could.  But the question I've asking all along is WHY?  Why would anyone go through all of this trouble and work to scam people out of a token that's not even worth 1/4 of a US penny.  Without proof at this point that the project is legit, no amount of twitter accounts or websites or ANYTHING is going to pump the price of this token.  It would be a wholly useless scam.  I feel terrible for the people that lost LTC, but I'm not even sure why anyone would have tried to claim the fork yet.  It costs more to move the LTC properly than the free coins are worth.  Why would I risk 1 LTC : 1 LTCP when I can go on yobit and buy LTCP for a quarter of a cent?


Please do.  You seem to be pretty good at research.  After all, (I think) we are all here to help each other out as much as possible.


Well for $10 you can get like 4000 LTCP so if anyone's crying over the price of lunch they probably shouldn't be getting involved in an unregulated crypto market.

Do you mean what underlying deficiency in the bitcoin world does LTCP improve?  If so...


Or do you mean what is the underlying deficiency of LTCP?  If so...

Poor communication and repeated odd occurrences have established little to no trust in it's legitimacy.  Plus, there's no source code anywhere (that I'm aware of) to review.

Yep.  Exactly, this.

I too believe this sounds like a very promising project.  Frankly, I bought some super cheap and sold most of it right before the fork and might even get more now that it's cheap again.  So, even if it's a scam I've lost nothing.  It may well be a scam, but if it is it's the most unorganized and clumsy scam I've ever seen.
From what I can gather from twitter, here and a few other things I've found here and there, it looks like this could be a very good idea with (so far) bad implementation.  It looks like they were on track until the beginning of April when there was a large dump on Yobit,  there were screenshots on @liteprivate showing that Paul Miller was unable to contact the rest of the team and no one would respond and the telegram group disappeared.  There was no contact or information regarding anything up to the fork, but on 4/20 there was a point where (if I remember correctly) LTCP hit close to 200 sat. It would seem if it was a scam, that would've been the time to dump and disappear.  I would guess (pure speculation here) that Paul Miller may have been roped into something without realizing it and had worked hard enough on the project that he wanted to see it through.  With only a couple of weeks to the fork, I'd imagine the development team turned into him and maybe a buddy or two.  If that's the case there's not a lot of time to be answering questions on twitter or bitcoin talk when you've got a huge deadline to meet in a short period of time.  In this scenario, they meet the deadline, Paul Miller celebrates with some drinks and a cigar and hits twitter the next day to let everyone know the good news.  He's been very active on twitter and answering a lot of questions.  Some of them (understandably) not very nice.  His twitter is in fact down and I can't check it now because it's gone, but I'm pretty sure he said within the past day or two that it would be, as would the website, until everything with security had been sorted out to avoid any situations like had just happened with the @liteprivate twitter account.  Something about wanting to under promise and over deliver or some such thing.  This makes sense to me as the folks that hijacked the @liteprivate account were (supposedly) former team members and would probably be privy to a lot that would need to be changed from twitter to website or even code depending on what position they help.  Another reason I think it might be true is the new @lite_private account only had about 50 followers and Paul Miller was following every one of those.  Possibly to notify us right away when the everything was back up and available.  He was also asked and seemed very agreeable about providing the source code once he was sure any security issues elsewhere were taken care of and implantation of the wallet was done.
So, sure there's tons of red flags.  Hell, ERC20 token to stand alone coin is enough to be skeptical.  But in defense of this project, unless they're playing 3d chess here in the most twisted and confusing scam in the history of crypto, I'm willing to wait it out and see what happens.  

TLDR...Crypto scams don't NEED to be this complicated to work.  I think the project got f-ed up and he's trying to fix it as quickly and on point as possible  Might work.  Might not.

Sure.  It's a lot of money to me too.  You're probably right.  I still kind of get the feeling that something just got screwed up here and they're not sure what to do about it (kind of like a B3 to kB3 situation) or they would've milked this thing for as much as possible.  I bought a little bit of this a couple of weeks ago for fractions of a penny and less than 10 sat. and it went to a penny and 120 sat. in a couple of weeks just on the twitter announcement that they had "big news".  If they would've pushed this thing right to the fork they maybe could've gotten the price to a nickel and turned that 100K to half a million. 
I guess I just think someone smart enough to put together an intricate crypto scam would be smart enough to do it right.  Maybe it's not a scam at all and the unexpected departure of a team member threw it into a tailspin.  Maybe, with this and that exchange's bank accounts being investigated, practices reviewed, etc. maybe the deal they had with the "major exchange" fell through.  Or, maybe it's just a scam and I lost some walking around money.
I was rooting for this one though.  It seemed like a good idea with a good plan.  For all the more I have in it though it's just as appealing to sit back and see what happens than to worry about it being dead.

Respectfully, what would be the point of this "scam"?  I admit that all of these details strung together don't look very good.  Still though, it hardly seems worth it to go through all of this marketing, website, white paper, etc. for such a small amount of money.  The big sell off on Yobit was nearly 9,500,000 LTCP volume at ATH 170 satoshi which is barely more than a US penny per.  So assuming we overestimate everything to make it as valuable a "scam" as possible, they still went through all this work for less than 100K USD.  That's quite a bit of $, but they would've stood to make a lot more if they saw this through and kept hyping it until just before the April 21st fork.  No?