Mixed Feelings on Litecoin cash - The Rocket Fuel for Speculation

in cryptocurrency •  7 years ago 

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Charlie Lee was quick to call litecoin cash a scam. Is Charlie Lee biased in his opinion? Of course he is. Everyone is biased in their opinion.

That being said,

Being the creator of the initial thing....its' easy to see how a parent/creator could have emotional attachment issues. Fear, worry, uncertainty and doubt. And...an overall concern for the well being of your creation/baby.

The consequence is a strong defense and offense when it comes to any potential perceived possible threat to you and your world.

Isn't Forking a good thing?

  • It provides added liquidity to the cryptomarkets. Essentially it's new money into the space that is created almost out of thin air. This is a good thing that doesn't get enough respect. The crypto space is all about increasing the liquidity here. The more and more value exists insides the various cryptos here....the more and more real world use cases there are....the more and more people are able to trade and transact throughout the world.

  • As a coin holder of top tier cryptos...it's like the highest honor and respect you can receive from the community....is a new community forming to fork the initial creation. That's like new generations being born out of honor and respect for the initial coin.

We Humans are a sensitive bunch and often thick headed:

  • There's this polarity....this duality that often emerges as perception and belief...which is limiting in the utmost creative potential. The story goes like this: "War like mentality"....where things are in competition against one another for "survival". This is the old world way of thinking....it's flawed.

  • The mindset thinking of this either or side mentality debate as like taking the bait to be stuck in flux as to any possible holistic understanding of the issue. It's a real trip up....that creates divides in groups of these points that perpetuate a disconnect somewhere.

  • It's like creative collaboration and shared co-existence is the most difficult thing to embrace. There's this attitude and mentality of "in it to win it....and out foxing one another." This win/lose game play is so outdated. It's a real limitation in problem solving.

How Value is created:

It's entirely made up. All value works this way. You can create reasons and justifications to superimpose a specific value...and provide like confidence in public opinion by having a really good story as to explain the value of any given thing.

The real deal is this. All value is made up by human participants. It's in our best interest to support Value creation.

The situation is somewhat bizarre because it's like this great mystery that value is created because we make it up. It's like we've been conditioned to be so logic based in our thinking to make sense of things....even if that sense we are making is complete non sense! Traditional economists are a classic example. Go find one and listen to them.

Message to Charlie Lee:

How about you exercise your public profile and leadership position of litecoin to actually make an effort to get to know the leaders of the litecoin cash community? Wouldn't that be cool - to actually investigate who these people are and to report back....or better yet to do an interview for the entirety of the litecoin community.

  • I see creative collaboration as an increasingly important point of regard as we move through 2018.

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Cheers and Best Regards

  • If you happen to have more info about this topic - please do share!

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‘.it's like the highest honor and respect you can receive from the community‘

I’m afraid I disagree. It’s a bunch of people saying ‘your coin isn’t good enough, I can do it better’. If the proposed changes were good for the original they would be incorporated. The software is open source so anyone can make changes and once consensus is reached, it replaces the original.

I don't think it's ever about replacing the original..

I see it more as experimenting with possibilities and potnetial

I had 9 LTC at the fork...so I am in regardless. $100 would be amazing, but I don't think it will go higher than $25 end of this year. I hope you are right though!

Thanks for the thoughts, cheers.

2018 the year of holding and patience

Well it is somehow a good news like you I do believe like you said he sure is concerned or as well cornered in a case though !But yes forking is great which I along with others think as well !But there will be different opinion always !Which brings good ratio to the market is always appreciable ;)

i can't wait to see if this will come or not

I wonder how this coin will do at the end of the year?

Speculative Guess: $100.

That's a way better story than the crypto community crashed and burned it...

I feel like it was a pump and dump fork. There was not very many exchanges that supported it.

time will tell the tale :)

if charlie lee only focused on one project and don't just keep tweeting litecoin could go way ahead

lolol

It's not how you support your new project for change. A lack of support could signal a potential end to its run.

Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing

it 'll be not bad for rocket.
it 'll be or fast.

Cold and patient like a poker game.

does it get distributed to those who hold it

yes. if you were holding litecoin.....you get litecoin cash. as of feb 18th...that's when fork happened. ratio of 10 litecoin cash for every 1 ltc.