Topic: Charlie Lee Explains Slow Litecoin Core Development and Why We Shouldn’t Worry (Read 158 times)
August 15, 2019, 06:41:41 AM
Charlie has never screwed up with LTC. It is still a great coin and one of the oldest crypto currencies, so I do not see any problems. They halved LTC several days ago and it has gone well, price increased and people are still using LTC as before.
August 15, 2019, 06:48:18 AM
Where they are going to take money for further development? Who will pay for all this? How are they going to pay to developers? IMHO this is just speculation news.
It's open-source, so while some developers may get paid for their work, it also relies on the fact that devs volunteer their time.
This isn't some crappy ICO we're talking about, it's Litecoin.
If there's one person who I'd believe about the status of their project, it's definitely Charlie Lee.
but as actually being "dead" goes, i don't think we can call it dead but at the same time LTC doesn't really have anything new either. most of what they do is copy bitcoin! SegWit, LN, Coinjoin, Schnorr,... all are copied from bitcoin over to litecoin that is why many even consider LTC to be the bigger testnet for bitcoin.
This is also one of Litecoin's strength, it is the guinea pig of bitcoin. So as long as bitcoin exists, Litecoin will still be there. August 15, 2019, 06:38:50 AM
It is possible that Charlie Lee is thus trying to justify the team’s not very active work. I agree that the team does not really work actively, but the project as a whole continues to develop and grow. Compared to most other projects, Litecoin looks like a strong and promising project, so I see no reason for panic.
August 15, 2019, 06:03:15 AM
as far as calling it "dead" goes, people have been calling LTC dead for as long as i can remember. it is nothing new and nobody has ever called LTC dead because of development or lack thereof even if they pretend it to be their reason. they say it to manipulate its market!!!
but as actually being "dead" goes, i don't think we can call it dead but at the same time LTC doesn't really have anything new either. most of what they do is copy bitcoin! SegWit, LN, Coinjoin, Schnorr,... all are copied from bitcoin over to litecoin that is why many even consider LTC to be the bigger testnet for bitcoin.
but as actually being "dead" goes, i don't think we can call it dead but at the same time LTC doesn't really have anything new either. most of what they do is copy bitcoin! SegWit, LN, Coinjoin, Schnorr,... all are copied from bitcoin over to litecoin that is why many even consider LTC to be the bigger testnet for bitcoin.
August 15, 2019, 04:15:04 AM
Where they are going to take money for further development? Who will pay for all this? How are they going to pay to developers? IMHO this is just speculation news.
It's open-source, so while some developers may get paid for their work, it also relies on the fact that devs volunteer their time.
This isn't some crappy ICO we're talking about, it's Litecoin.
If there's one person who I'd believe about the status of their project, it's definitely Charlie Lee.
August 15, 2019, 03:33:05 AM
Where they are going to take money for further development? Who will pay for all this? How are they going to pay to developers? IMHO this is just speculation news.
It's open-source, so while some developers may get paid for their work, it also relies on the fact that devs volunteer their time.
This isn't some crappy ICO we're talking about, it's Litecoin.
If there's one person who I'd believe about the status of their project, it's definitely Charlie Lee.
August 15, 2019, 12:46:08 AM
Recently I saw one thread saying that Litecoin is dead because there's no update whatsoever. So here is an interesting article about that and perhaps we can see some answer about what's really going from behind.
Source.
So Charlie Lee himself has assured us not to worry because there are things that they are working and they are not going to abandoned the said project.
Quote
Speculations are rife about the fate of Litecoin as the world’s fifth-largest cryptocurrency by market cap struggles to rope-in competent developers to take charge of protocol development. Two conflicting possibilities emerged over the weekend, including one that suggested Litecoin is as good as dead due to stagnant R&D and a lingering lack of transparency.
As the community huddled together to take stock of the situation, Charlie Lee turned to social media to assert that Litecoin was very much alive and kicking. The Litecoin creator brushed upon ongoing developments within the ecosystem in a series of tweets and assured worried community members that he is going to “get the ball rolling” soon.
As the community huddled together to take stock of the situation, Charlie Lee turned to social media to assert that Litecoin was very much alive and kicking. The Litecoin creator brushed upon ongoing developments within the ecosystem in a series of tweets and assured worried community members that he is going to “get the ball rolling” soon.
Source.
So Charlie Lee himself has assured us not to worry because there are things that they are working and they are not going to abandoned the said project.
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