The Litecoin owner Charlie Lee says in twiter that, Litecoin Cash is a scam! So, tell me, what kind of idiot you have to be, buying it or investing money mining it?
How the hell listed price at youbit is 5-6$ , when there are no real buyers and sellers? Me too have litecoin cash, i can give it to you with 50% discount! Want to buy?
Charlie Lee's mad LCC has 90% cheaper transaction fees then LTC. People that got free LCC in dump like you don't want it and sell for $1. LCC aiming long term for 1/10 price of LTC.
Reading scam supporters always is punishment for me! You calling Litecoin owner a lier?
People like you and Charlie need to be more careful with throwing around buzz words like scam. Truthfully he's probably mostly mad their using the word litecoin in the fork. Charlie is calling LCC a scam because he thinks LCC is trying to confuse people into thinking it's LTC. LTC can not be mined with bitcoin miners using sha256 algo they are different coins. I am not calling him a lier, but just because he says something doesn't necessarily mean it's true.
Exactly. Even if the devs dump and then disappear (which you could then say it was a "scam"), as long as there could be a community takeover, the coin could last awhile if people keep mining it. I don't see much of a real future for this though other than something to trade and make some money from. It offers no solutions to the major issues of all cryto.
I disagree entirely that it doesn't address any issues with cryptocurrencies. For one, the only SHA-256 coin worth mining atm (assuming you don't want to mine BTC due to extremely high fees, difficulty, time to transfer, etc,) because the only other SHA256 coins are truly "scams" or coins with old irrelevant code that's no longer the industry standard. This coin gives us updated code with the best difficulty adjustment algorithm available integrated into it. It's an easily and cheaply tradable SHA256 alternative with fixes to things like difficulty, blockchain size, block time/transfer time. There is no better SHA256 coin available right now other than BTC and BCC, neither of which have the updated difficulty adjustments and low transfer fees. There's no reason that SHA256 should become obsolete and before this coin, it had practically had become obsolete. Also, in my opinion the fork is a great way to distribute the coin in a fair manner.
It's just a solid coin in my opinion, regardless of whether or not it's SHA256 compatible. It's just made better by the fact that it is minable with SHA256.
