"Be careful out there!"
tweeted litecoin creator Charlie Lee ""In my mind, it's just a scam and it hurts litecoin."
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OH GOODY...another AIRDROP.
- " users seem mostly interested in the "free" money."
Lee told CoinDesk:
- "It confuses people into thinking litecoin is splitting. The litecoin community has no interest in splitting. It's just some people trying to make a quick buck. And calling it litecoin gives them some legitimacy."
......................
Read the article and make up you own mind. I report, you decide.
As for me...I'm NOT buying any LiteCoin for this particular reason. I have other reasons to do so.
I think I agree with Lee. Whether it's a scam or not it sure looks like one. It's unethical and immoral in my mind to copy a namebrand just to get free publicity. In the 'real world' there are laws agains that.
However, if I suddenly get MOAH 'free' money for the LiteCoin that I already have...why that's OK too.
Dunno how I'll ever get to it.
Dunno if I'd open an account in a new exchange just to get it.
Guess we'll just see what happens won't we?
I do not agree with Charlie. He is just defending his creation. Here is an interview with one of the devs from LCC where he explains everything.
Not scam and very secure hardfork
https://smartoptions.io/interview-litecoincash/
Btw same happens to him when he created LTC forking BTC ... but it is always different to be in "the other side"
the LCC team describes a way of claiming the free coins on their website by the use of their wallet – which needs the private key.
yeah..right.
good luck with that.
Let us know how it turns out.
Now I'm even MORE concerned.
Did you read this part too?
what THAT sounds like is even MORE disturbing.
"I promise we wont use your keys...just let us borrow them for a little while"
where have we heard THAT before?
Yes, he will use the keys of a wallet without ANY LTC. I did not write the complete process but he explain you should download a wallet you will never use again and put your LTCs there and after the fork-block you send them again back to the original wallet you had them before.
I still not see any risk associated with this process.
I thought the same as you watching Charlie's tweets but that made me investigate and I found this interview. At least for me it explains very well all the doubts that I may have about how safe the process is, the reasons, etc.
you might find this interesting. I had to watch it several times....yankees talk faster than i can listen.
Btw thanks for the video!
Pd: For a reason I do not remember now I forgot to push the Post button today in the morning for this comment but is never to late.
good luck with that.
let us know how it turns out.
heheheh the nice Luke, I met him at Steemfest 2, someone you're very happy to talk with, he always has something interesting to ask or say.
Btw, I already have some value comming from LCC ;) I still have an old mining SHA256 thrown around that I will be able to use to mine LCC. From the interview.
It looks like I'm going back to my old mining days ... at least for a while ;)
Also you get this.
For the records .. I do not own BCash or BGold or BDiamond or any of the BTC forks. But this one looks different.I will keep u update with what will happen on Monday. And if you have some LTCs around, it will do not harm you to put them in another wallet just for two days ;)
But why copy another coin's name? Why not just pick something fresh and build it. If only there were a regulatory body, then these kind of issues would not even be a topic of debate?
EXACTLY
at the very least, even if it's legit other wise...it's theft of brand
which doesn't bode well to me.
bite your tongue about regulatory body
that would be worse..MUCH worse.
THANK YOU FOR POSTING THIS. I get tired of seeing people out there always trying to grift their way into a fast buck. It seems as if no one is really interested in EARNING their keep anymore.....the world has become nothing but scammers it seems...
it might SEEM that way (it's not) but sometimes it sure looks like it.
thank you.
thank you for the vote sir.. much appreciated. this small minnow ain't making squat these days.. gotta ger my SP built up.... between trying to make a living in the real world, and two rotator cuff surgeries, i haven't been on here much in the last 6-8 months.. i'll get there.
you're welcome.
it's easier now than it ever has been.
imagine... what we'd have thought about $ 4.277454055875 and $ 5.25914755 SteemDollar six or eight months ago?
@everittdmickey thank you for share this.
More valuable & informative blog.Thanks for sharing.
@Resteem & follow has bee done.,
Ok follow me
I can transfer 😀
Confusions are there for Rookies, who doesnt know the crypto in first stage but all they do is clicking and gets mistaken.
perhaps that's the point?
I've heard that confusion over BitCoin, BitCoinCash, BitCoinGold and gawd knows what else...has resulted in a LOT of lost coins...
Indeed! little knowledge is bad knowledge.
thanks for this, good article