Litecoin Has Zero Active Development!!

[iDisturbia]

Thoughts?

https://dashnews.org/leaked-developer-messages-litecoin-has-zero-active-development-as-dusting-attack-hits/

[bittick]

That means mimble wimble for litecoin is just a dream or is it another litepay.us (fake news that spread by litecoin team itself) ? We'll see that

I guess it caused by this company running out of money and this may be the main problem.

WTH was happening with litecoin, it sounds like all promises were created is just BS.

[CaVO32]

That means mimble wimble for litecoin is just a dream or is it another litepay.us (fake news that spread by litecoin team itself) ? We'll see that

I guess it caused by this company running out of money and this may be the main problem.

WTH was happening with litecoin, it sounds like all promises were created is just BS.

i think i need to read more sources about this. because if this is really true and if it will blow up in crypto community, the future of litecoin is doomed. their price is doing better at the moment and if this news will spread like wildfire, those ltc holders need to prepare what's gonna be their decision, to hold or to sell before it is too late.

[iDisturbia]

It’s from Aug 2019 - less than a year ago so perhaps things have changed.

Maybe?

I’ve been following LTC and a few others in regards to their developments / ideas / implementations and etc but LTC not much activities.

[Kemarit]

I checked their Github repository here: https://github.com/litecoin-project/litecoin.

It looks like there are no development more than a year ago. I don't think that they have abandoned the project perhaps there's no more idea coming from the dev and leave it as it is.

[Tipstar]

It's no surprise as the founder David Lee left the project selling all of his litecoin. When the founder rejects the project as useless, what more can you expect from the volunteer developers. Litecoin was a lighter alternative to the than bitcoin but there are plenty of coins that could carry on it's work with some extra perks. Litecoin is absolute at the moment.

[iDisturbia]

I checked their Github repository here: https://github.com/litecoin-project/litecoin.

It looks like there are no development more than a year ago. I don't think that they have abandoned the project perhaps there's no more idea coming from the dev and leave it as it is.

This!!

And, based on my own research, reviewing thousands of articles, interviews, chats .... it sounds like LTC was born mirroring Bitcoin, mouth watering articles by certain paid-bloggers plus a few Bitcoin developers’ names as contributors to LTC project in their Github ... helped raised the price up there ... then the MAN sold as much as he could (owned?!!) - but it didn’t ring the BELL ... high priced ASICs continued selling like candies .... profit was UP for a very short period of time ...then DOWN DOWN DOWN ... finally here we are today!!

[cryptoknightt]

It's no surprise as the founder David Lee left the project selling all of his litecoin. When the founder rejects the project as useless, what more can you expect from the volunteer developers. Litecoin was a lighter alternative to the than bitcoin but there are plenty of coins that could carry on it's work with some extra perks. Litecoin is absolute at the moment.

Well, I don’t really care about this moment. Litecoin will continue to occupy the same highest position as BTC, even though no further development takes place, but people still use it because they trust it.the situation is different with the release of new coins.
so litecoin will be fine even for a long time.

[Kvalentine]

I'm not worried even if litecoin has no development anymore, it's same news with Bitcoin and Doge coin, they are old and well supported with great community, I prefer then than other

[Esterklu]

This is true. But it is also true that LTC still holds high positions. However, it is likely that he will gradually lose positions and this will not happen in a day.

[blockman]

It's no surprise as the founder David Lee left the project selling all of his litecoin.

Isn't it Charlie Lee or he's also addressed with that name? I don't know.

That means mimble wimble for litecoin is just a dream or is it another litepay.us (fake news that spread by litecoin team itself) ?

This is the last update that I've heard about Litecoin and many enthusiasts were very positive for this after the success that Grin have.

I'm not worried even if litecoin has no development anymore, it's same news with Bitcoin and Doge coin, they are old and well supported with great community, I prefer then than other

Despite of being old, the community is determining that Litecoin is still an old but good buy.

[Ken_terrance]

In crypto space old is gold, every single old coins are better because of the strong community they posses, litecoin is not a useless project and it won't go down without a fight

[TastyChillySauce00]

This is true. But it is also true that LTC still holds high positions. However, it is likely that he will gradually lose positions and this will not happen in a day.

It's just deadcoin for me, that time when the founder sold all his coin people should just cash out altogether because this coin is abandoned anyway although the founder told the public that he will still continue development despite selling all his coin but that's just empty promise.

[Pffrt]

That's not a big deal. LTC was made out if curiosity only and it's good that the coin has established itself a good one. If there's any coin I would use after BTC is LTC only. It would be good to see LTC further development though.

[krayzie32]

This is true. But it is also true that LTC still holds high positions. However, it is likely that he will gradually lose positions and this will not happen in a day.

It's just deadcoin for me, that time when the founder sold all his coin people should just cash out altogether because this coin is abandoned anyway although the founder told the public that he will still continue development despite selling all his coin but that's just empty promise.

In every project, the founder is the one who needs to hold the most to make investors trust but the founder of Litecoin has sold all his assets and left everyone here. There are currently no new updates here and it makes this project very risky. However, Litecoin is still in the top 10 of CMC and is usually based on the price of Bitcoin so this is still a good long-term investment option for everyone.

[rexxarofmoknathal]

I mean when the founder of the project literally dumps all of his holdings, why would anybody really want to throw their money or time in?

In any case, Litecoin has achieved its purpose as the silver to Bitcoin's gold. It offers fast, lightweight payments.... What more does it need?

Why can't it just be a finalized product?

[thisnewcoin]

This is a bitter truth, everyone knows about it for many days! Some projects we support without any reason. This is why Litecoin, Dogecoin still holding a top place in the crypto market. Once I followed the Litecoin founder's twitter handle, but I was bored by not getting any major updates on the network. So, I unfollowed him and never bought Litecoin again! Making money is not my only goal in crypto, I want to support the better projects!

[giammangiato]

Litecoin looks like dead coin. Nothing intreseting since creation

even to me honestly the project now seems destined to travel on a dead track

I never particularly liked it, because I probably don't understand its real purpose, unfortunately if I don't understand things I can't love them

[bittick]

That means mimble wimble for litecoin is just a dream or is it another litepay.us (fake news that spread by litecoin team itself) ?

This is the last update that I've heard about Litecoin and many enthusiasts were very positive for this after the success that Grin have.

Im also interesting to see that to happen but there was no update regarding the progress of litecoin mimble wimble.

That means mimble wimble for litecoin is just a dream or is it another litepay.us (fake news that spread by litecoin team itself) ? We'll see that

I guess it caused by this company running out of money and this may be the main problem.

WTH was happening with litecoin, it sounds like all promises were created is just BS.

i think i need to read more sources about this. because if this is really true and if it will blow up in crypto community, the future of litecoin is doomed. their price is doing better at the moment and if this news will spread like wildfire, those ltc holders need to prepare what's gonna be their decision, to hold or to sell before it is too late.

The price is not so good as when it was getting hyped. When it has already confirmed if there will be next development progress and i may think the supporter will leave litecoin and it will make this coin becomes the next zombie coin like doge.

[pixie85]

It was dead to me the moment Charlie sold his coins. This was also the last time LTC was really worth big bucks and was looking strong.

It's still an oscilator coin that pumps and dumps with Bitcoin but its pumps are getting much weaker and in time it's going to barely react to pumps and go flat as people lose interest.