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Author Topic: Litecoin: Confidential Transactions Funding Update:  (Read 75 times)
rambogoham1 (OP)
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January 21, 2020, 01:30:07 AM
 #1

As of current date: 501 Litecoins have been donated to the Confidential Transactions fund to pay for Dev David Burkett. The goal is 72,000 USD granted the completion of the project.

A bit over 0.04 Bitcoin have been donated to the fund also. If litecoin is able to get Confidential Transactions as an opt-in, this would definitely help bitcoin achieve better privacy going forward into 2021 and onward.

To donate to the fund:

https://litecointalk.io/t/litecoin-confidential-transactions-dedicated-fund/26690


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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 21, 2020, 02:58:42 AM
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This, seems like a good idea, but you may have trouble finding people to give money 2 someone who is already well off out of the goodness of their hearts
Most people are looking to crypto as an investment, but this offering seems to return nothing for those who chip in but helping LTC's development : /
normally that wouldn't be an obstacle, but this is crypto, good luck getting people to fund something they get "nothing" in return from
If the LTC devs want this so bad honestly Charlie should just fund it himself, oh wait....  Cheesy Cheesy  (he prob sold all his LTC a long time ago)
(maybe LTC hodlers will fund it hoping new features will pump it, but the thread looks pretty ded to me, no replies in weeks)

Good Luck on funding! Smiley

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January 21, 2020, 03:12:10 AM
 #3

As of current date: 501 Litecoins have been donated to the Confidential Transactions fund to pay for Dev David Burkett. The goal is 72,000 USD granted the completion of the project.

A bit over 0.04 Bitcoin have been donated to the fund also. If litecoin is able to get Confidential Transactions as an opt-in, this would definitely help bitcoin achieve better privacy going forward into 2021 and onward.

To donate to the fund:

https://litecointalk.io/t/litecoin-confidential-transactions-dedicated-fund/26690


It looks like the community is started to run out of funds as when all of the funding depends on charlie and this community will never move forward. Ah, that's why i take every platform must have at least one product that must be oriented in revenue.
Whatever you call it as a major company or protocol like litecoin and when it is only using funding as its main income to continue rnd and this will die in the future.
Not all of the major coins can be called a healthy coin. A project like this is just a matter of time until it will die.
Litecoin developers must change their orientation.

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