Charlie Lee, Creator of Litecoin (LTC), hints that Litecoin Cash (LCC) "fork" is a "scam"!

in #blockchain • 7 years ago (edited)

Charlie Lee himself has tweeted that this "fork" is a "scam".

Look at their social media page...



2 tweets and 62 followers...

Be careful folks!

Litecoin Cash (LCC) isn't an authentic Fork, it's a mere Github clone with some minor changes. It's basically just a github clone of Litecoin (LTC) with SHA-256 mining and a max circulating supply that is 10x greater than that of Litecoin (LTC). There is nothing innovative taking place from the Litecoin Cash camp; they have merely patched together another shitcoin from cloning Litecoin code, and have slapped the name "Litecoin Cash" on it to get them publicity. What's next, Litecoin God? (Joke referencing "Bitcoin God")

Cloning the Litecoin code from Github is easy, it can and has been used as a way to go phishing for immoral crypto-gains; in other words, unscrupulous people can easily clone the Litecoin code as a means to trick unsuspecting individuals to buy and then store digital assets in faux-wallets, only for them to be rudely awakened to the fact that the wallets and project were a scam when it comes to their attention that their wallets have been emptied and that their funds are forever gone. Be careful out there Crypto-Gamesters! Don't get tricked by shitcoins naming themselves things like "Bitcoin God" and "Litecoin Cash

Vertcoin is based on Litecoin code, and has actually made significant improvements, in addition to possessing a transparent and top notch team

Vertcoin Features:

  • Segregated witness wallets.
  • Lightning Network (Alpha)
  • ASIC Resistant Mining
  • 1 Click Decentralized Vert Mining
  • Stealth Addresses
  • Atomic Cross-Chain Swaps in native wallet.
  • Optional Web Wallets
  • Open Source
  • Active and Transparent Development and Team

>Conclusion:


Litecoin Cash (LCC) is risky-business; invest at your own risk, or better yet, don't at all. LCC claim to be an authentic fork of Litecoin, but they're not; they are a Github clone that Charlie Lee himself deems a scam. If you're looking for a Litecoin upgrade, or a "Litecoin 2.0", consider taking a look at Vertcoin.

#altcoins #cryptocurrency #litecoin #crypto
7 years ago in #blockchain by
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     7 years ago  

    Author of this article was probably drunk writing it.

    1. Logo, and Facebook page dont belong to LCC just to LTH - some shitty ETH token made in october 2017
    2. Charlie was talking about this token from october
    3. LCC from litecoinca.sh never was claiming they are from LTC team, and its regular legit fork as ever BTC fork in past few months
    4. also Tablee from the bootom of the article is about LCC (fork) while rest of atriicle is about LitecoinCash (token)