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lol this is a very funny thing i read today ..
know that Satoshi nakamoto didn't supported any shitfork .. either LTC or any fork of BTC ,,, but yes,, he do support the concept of fork (from his quotes )
BTC forks - we can count them in two digits may be.. but for LTC this is the first fork and they successfully delivered it to the public .. it is funny that no one really care about the fork , may be because there is no much attention to this LTC fork... i really hope that, in future it doesn't happen to LTC
1. There is a huge difference between a fork of codebase (Litecoin from Bitcoin) and a fork of the blockchain (Bitcoin Cash from Bitcoin). The first two do not share transaction history while the latter do up to the fork block.
2. A fork does not not need a 'blessing' from the community running the original chain/project. It's the exact opposite. A fork happens when a part of the community splits off because they want to:
a: change some fundamentals and start fresh from block 0 (Litecoin from Bitcoin)
b: use different consensus rules than the majority of the community. They either want new rules (bigger blocks...) or refuse to use new rules (SegWit, DAO bailout (ETH Classic), etc...). If both chains have a community behind them, they both continue as separate projects.
3. In case of option b, there is a disagreement in the community. Creating a fork nobody asked for (possibly with a huge premine) is a simple pump & dump scam (Litecoin Finance for example).
4. There was already a 'successful' fork of Litecoin called Litecoin Cash (for purely marketing reasons). It uses SHA256 for POW. It's stupid and is slowly dying...
5. When even Trade Satoshi doesn't want to touch a coin you know it's worse than most shitcoins.
6. Stop supporting projects nobody needs or wants just because you get 'free' coins from an airdrop and their bounties...
All the above points are true and universal facts except the one you mentioned about Litecoin cash, it's not a fork.. the Litecoin cash is an altcoin with Litecoin name . they just changed block size / reward nothing more than that.
but, there is no need of such stress to be taken over a coin launch and say, take a breath and relax..
Every day at least one coin announced in here and everyday other coin dies.
i am not here to support any coin at the same time i don't criticize and discourage a developer at the very beginning stage.
i analyse and if i find any fraud facts i will then do the critic part.
for now this Litecoin fork so called Litecoin Finance is a good thing happened today on announcements, comparing to those thousands of tokens and dead or scam coins.
do share your thoughts and critic anyone after finding facts., it will educate all others.
there my two sats...