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FUDs (Fear, Uncertainty and Doubt) widespread against Litecoin (LTC) are increasing day by day, especially after a distorted piece of information has been shared about the founder of Litecoin, Charlie Lee.
Now, the founder and a time employee of Coinbase said that he is now ready to confront those who spread FUD against the mess.
He said:
"Recently, there was a concerted effort to suppress the Litecoin price from people / funds that are yielding LTC and to groups that see Litecoin as a threat. FUD and I will show why Litecoin has enormous value. "
Litecoin has lost its advantage?
According to him, one of the FUDs that is spreading on Litecoin is that the cryptocurrency has lost its edge and can not be differentiated from hundreds of other altcoins. This message is all about Twitter and spread by those who claim that cryptocurrency has gained its greatest boost from Coinbase's economic list.
Responding to the FUD, he said:
"Litecoin has one of the safest networks of all altcoins, Litecoin has over $ 150MM of ASIC hardware that protects it, Litecoin dominates Scrypt mining by far." [19659009] Talking Litecoin's protected network, Charlie said, "Miners have no incentive to attack the network because they will destroy the value of their ASIC hardware."
For more information, he said that the cryptocurrency has a ton of liquidity , adding that Litecoin "is practically in every fiat and encrypted exchange (soon Gemini), even more than ETH."
More than nine payment processors claim Litecoin
Charlie said the cryptocurrency is supported by over 9 payment processors including Aliant Payment, BTCPay, Coinbase, CoinGate, CoinPayments, Globee, GoCoin LTCPay and TravelbyBit.
He said that the support of payment processors "makes it extremely easy for traders to accept LTC.There are too many LTC merchants to count"
Daily growth of Litecoin transactions
Charlie boasts a growing Litecoin transaction on daily basis that highlights the cryptocurrency among other sectors.
He said:
"Litecoin processes transactions worth $ 200 million a day, and the network has worked perfectly for 7 years! Litecoin works today as a global decentralized sound money, which can not be censored, not it can be canceled or removed, it can not be counterfeited and can not be devalued. "
Adding another FUD, he said that the enemies of cryptogenine are of the opinion that Litecoin is no longer necessary since Bitcoin can scale with Lighting Network.
Answered:
"Many of the LN clients and apps also support LTC because they see the value of Litecoin.With the atomic swaps, LTC interacts with BTC on the Lightning network."
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