According to this announcement which appeared on the bitcointalk forum on February 3, the developers will be created the fork based on a snapshot taken at block height 1,371,111. Anyone holding Litecoin will get ten times that amount of Litecoin Cash.
Here's the Litecoin Cash Twitter page:
https://twitter.com/ltccash?lang=en
Very interesting..
Should You Care About Litecoin Cash?
Probably not. This fork doesn’t appear to have any serious use cases or even advantages over the actual Litecoin. Crypto investors don’t typically care about the supposed plight of SHA-256 miners, and miners just want to mine projects that will get them a steady return. Had they launched this project before fork mania occurred in 2017, they might have stood a chance. But now, this is just another bizarre attempt at a cash grab, and not an attempt to really accomplish anything.
I believe this is a scam. I agree there isn't much usefulness to this coin when LTC does great by itself. I hope that it isn't like BCH. I'm not a fan of forks. Great post @skypointstudios
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Hey @kbakadave - I agree, and think it is over-all bad for the space with all these confusing forks, especially since they are usually centralized and self-serving to the creators. Thanks for your response!
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