kurtwuckertjr posted on October 27, 2019 21:49:00
Charlie Lee recently admitted that nobody develops the project because nobody cares. The LTC foundation has been broke for months, and they all lied to everyone blatantly about Litepay.
Let’s not forget Charlie basically started the Bear market by creating a giant bearish engulfing candle with his massive sell order.
On top of that, Litecoin was a low hash, low transaction volume blockchain for years until Charlie got a job at Coinbase, for his irrelevant project listed, then quit that job to “work on Litecoin,” then proceeded to very specifically NOT work on Litecoin.
It’s a giant scam project run by a giant scammer.
bullish posted on October 18, 2019 12:06:38
Used to like this project a lot more and used to be a big fan of Charlie Lee. Now I don't hate him for "dumping on us" as much as other ppl do, but it was bad for PR of course.
I just don't have much faith in Litecoin anymore after the slow moving development cycles, the lack of innovation, and the constant bad news/"FUD" pouring out about lack of interest and lack of effort improving this coin. After all, it is just a clone of Bitcoin and is "silver to Bitcoin's gold" lol.
Charlie Lee has vowed to turn things around and focus more on improving this coin on the technical side but he has a mountain ahead of him to climb in order to get this project back to its heydays like the old days when it would precede BTC in terms of price action because ppl were excited about it.
stellarowl12 posted on August 20, 2019 23:06:44
So even though this project isn't the most actively developed nor does it have the strongest Value Proposition, Litecoin still has a very long and established track record since 2011.
Furthermore it's founder Charlie Lee and the Litecoin foundation are very public and transparent with the public which I like.
They serve mostly as a testnet for Bitcoin and hence doesn't really do that much breaking development work. They mostly just implement tech that Bitcoin already has or has been planning (like I believe Lightning Network and Atomic swaps came to Litecoin first because they are more nimble).
Many beginners do like LTC because of its cheaper value and fast times, but that's pretty much all it has going for it.
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