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Charlie Lee denied "fear, uncertainty and doubt" regarding Litecoin



Creator Litecoin Charlie Lee (Charlie Lee) in a series of posts on Twitter tried to refute the myths that spread "fear, uncertainty and doubt" about the situation of this crypto currency. Lee believes that traders, funds and other groups for which Litecoin poses a certain threat, knowingly exert pressure on the price of LTC.

Li said that Litecoin is one of the safest networks among all the altcoys, which is provided by ASIC-miners for $ 150 million, and also leads in the mining on the Scrypt algorithm and has "tons of liquidity".

Due to the processing services Coinbase , Aliant Payment, BTCPay, CoinGate, CoinPayments, Globee, GoCoin LTCPay and TravelbyBit, he said , can easily take cryptocurrency Merchant, and the network itself has been operating for 7 years, and spends the daily transaction of almost $ 200 million.

Lee is also convinced that the fear of Litecoin losing its value due to the launch of the Lightning Network in the bitcoin network is groundless, as many LN clients support LTC, which can interact with bitcoin using atomic swaps . At the same time, it sees their capabilities, as well as the application of the Submarine Swaps technology for making payments between the LTC network and the Lightning Network in the bitcoin network, unlimited.

With the market capitalization of Litecoin, which is 3% of the market capitalization of bitcoin, according to Lee, his project significantly helped Bitcoin in testing SegWit within the framework of game theory before the activation of the protocol.

On accusations of lack of development in the last 6 months, Lee referred to the release of 0.16.2 last week and 0.16.3 today, which closed the issue with a critical DoS-bug. Finally, Lee also assured that he devotes his entire working day to the project and the wide implementation of Litecoin.

Recall that in December 2017 Charlie Lee sold and donated all his coins LTC, but later expressed doubt that this decision was true.

At the moment, according to CoinMarketCap , Litecoin is on the 7th place in the top ten crypto currency with a price of $ 54.20 per unit, while in January this year it was trading at $ 375 per unit.