Charlie Lee talked about attempts at artificial pressure on the Litecoin course and debunked some myths about money


The founder of the encrypted currency Litecoin, Charlie Lee, said that recently traders and foundations, as well as some interested groups, have "consented" to putting pressure on coins.

"People and funds that open short positions against the LTC, and Moreover, the groups that regarded Litecoin as a threat, have accepted the pressure on the I will try to downsize all this FUD and show why Litecoin is of great value "," Lee wrote.

The allegations that Litecoin has lost all the advantages in the Altcoy environment, to his opinion, are completely unfounded, as the "digital silver" network is one of the most protected and is supported by ASIC miners with a total value of $ 150 million.

L and is convinced that it is not profitable for miners to carry out attacks on the network itself, as this will lead to the devaluation of their equipment. He also added that Litecoin is one of the most liquid altcoins, and there is a list of almost all the bags. Soon, the coin's support will be added by the Gemini brothers Winklewos platform.

9 cryptocurrency processors support LTC: Aliant Payment, BTCPay , Coinbase, CoinGate, CoinPayments, Globee, GoCoin, LTCPay and TravelbyBit. Lee is confident that this makes the merchants interact with extremely convenient resources.

Every day the network processes transactions for a total amount of about $ 200 million. In addition, Litecoin works without problems for seven years.

Some members of the community believe that Litecoin has lost its value, since the main bitcoin network was the exit of Lightning Network.

Lee parrerie – many Lightning clients support LTC and the interaction with bitcoin takes place via atomic exchanges.

He highlighted the "unlimited" capabilities of atomic exchanges and submarine swap payments technology between the main networks of BTC / LTC and Lightning Network .

Lee noted the critical role of Litecoin in testing the Secret Witness protocol in game theory. The bitcoin test network was not suitable for this purpose, since its native coins had no value and the attackers had no incentive to attack it.

Ensures the community that devotes all its time to the development of Litecoin and the mass acceptance of money.

Recall, Lee stated that he does not intend to buy LTC coins again to avoid conflicts of interest.

Previously, he advised all members of the community to buy at least one bitcoin and then deal with altcoyins.

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