The Litecoin Cash community is growing rapidly. I am surprised to see how far they have come in such a short period of time.
There is a lot of talk about atomic swaps amongst the devs (something to look forward to I guess). Hash rate is already at 100PH/s. 5000+ members in the discord channel... It's only been forked for a little over two weeks.
The future is bright indeed! I think the Litecoin Cash team will surprise us all.
I claimed my coins via SouthXChange. The process wasn’t without its hiccups, but then again I’m a total noob. The community on Discord is helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent. In all seriousness, it’s a good place. Real info, real help. I don’t know much about LCC’s devs yet, but I’m impressed with what I’ve seen so far. This coin is going places.
That's the advantage of a fork because you immediately get all those people interested who receive free coins. A good bootstrapping method so to say.
Hmm not sure about that one.... Sometimes the community whose coin gets forked can also turn into a very hostile crowd bashing the fork.
You are actually right about that, but I think there are some forks that sometimes also make sense from a technological point of view and then they should also get more support from the bootstrapped part of the community.
Name one. Every single one has so far been far inferior in every respect.
Well Monero forked from Bytecoin. And Monero has gone on to be a much better supported and much higher priced coin. It was a fork of the code, not of the blockchain. Monero was forked to create a much more fair distribution of coins (compared to Bytecoin’s premine ).
Compare the two market capitalizations (Monero stats are better):
Monero
Price $219.62 USD (3.16%)
0.02569760 BTC (-1.79%)
Market Cap: 3,476,761,770 USD
406,819 BTC
Volume (24h): $62,502,000 USD
7,313 BTC
Bytecoin
Price: $0.002727 USD(3.75%)
0.00000032 BTC (-0.25%)
Market Cap: $501,197,744 USD
58,877 BTC
Volume (24h): $2,449,640 USD
287.77 BTC