https://medium.com/lightpaycoin-official/important-lpc-update-e80c567de133Greetings LPC Community,
Many of you are aware of the situation that has unfolded over the past few months. On November 25, 2018, an announcement was made by the discord user Pirrlokk, revealing the launch of a third coin. Pirrlokk, also known as Wladyslaw Hintsynger, claimed that this third coin was launched by the creators of LPC/LGS. He stated that the 40 BTC raised through presale would be used to fund LPC ATM purchases. This action sent the community into turmoil, with many writing the project off as a scam and Ponzi scheme. As a result, 40 masternodes were taken off of the network and were dumped onto the market, causing the price to dramatically decline. To be clear, the LPC and LGS teams are not involved in LRM in any way, with Pirrlokk being the only exception. He acted alone in creating this coin, without the knowledge or consent of the LPC/LGS teams.
The LPC team and Dr. Bryant knew that some action was necessary to save the project. Together, we have decided to move on from Wladyslaw(aka Pirrlokk) as the LPC Dev, to restore credibility to the LPC/LGS projects. On February 6th, Pirrlokk revealed on the LRM discord that he had given control of the LPC/LGS Github repositories to Dr. Bryant, effectively removing himself from the team. Additionally, a new LPC Community discord was launched, giving the Brand Ambassadors and LPC Council full control over the community servers.
With Pirrlokk leaving, there is now an apparent need for a new developer. While Dr. Bryant is a developer himself, there are a number of other developers on the team, including many of the Brand Ambassadors and Council Members. However, staying true to the open-source vision of the project, steps are being taken to ensure that the community is able to contribute to development on a freelance basis (more details to come in the future).
The resignation of Wladyslaw from LPC marks a major turning point for the LPC/LGS projects, and restores some much-needed credibility to the projects. In response to the positive news, the community has already donated 3098 LPC to the development fund, which will fund the LPC Venezuela expansion project. The LPC team has generously agreed to match community donations up to 6000 LPC. With this in mind, the fundraising goal of 20000 LPC is already 38% raised in less than 24 hours! The future is bright for LPC. With the continued strong support of the community, the team is dedicated to lead the project with enthusiasm and transparency.