If any of you took 30 minutes to actually research Litecoin
You’d know it’s a way better value buy than Bitcoin
And you may not even want to stack Bitcoin anymore
sec acknowledged first non btc/eth single asset spot etf with litecoin
grayscale, coinshares, hashdex, monochrome, tuttle, and canary all in the race for $ltc approval
October 2021, letter from CEL signed.
November of 2021, contact between CEL and Litecoin Foundation commenced regarding assistance.
Six months of meetings/consulting starting in January of 2022
June/July of 2022: Radio silence from CEL and Bitcoin is steamrolled ahead & fully Bitcoin only.
15 MW of Bitcoin mining rigs were planned for containers. The foundation's request was a more than reasonable monthly advisor fee and 1 container of Litecoin mining rigs to be added within the El Salvador mining operations at some point during the advisory process.
During this advisory time, the Litecoin Foundation were told about the lack of excitement around Chivo wallet, Strike, and the fact others were jumping all over them from different crypto communities, including Bitcoiners, trying to get involved and get some press from the positive things President Bukele was trying to implement for the country. The foundation was honored to have been sought out as a trusted source that would understand the overall benefit to implementing the complex operations they were aspiring to do and not undercut or take advantage of Bitcoin or the El Salvadoran government.
The fact there was zero communication after June and the ramping up of a 'Bitcoin only country' campaign was in full swing, it was clear a person or group of persons had overtaken the efforts and squeezed the Foundation out of the picture. No transparency. Nothing fair about it. All Bitcoin driven.
Even so, Bitcoin and Litecoin is a strong complementary union when the strengths of both are taken together. But that's not what those who run the Bitcoin narrative desire then or now.
Litecoin supports Bitcoin and a US strategic crypto reserve, but it doesn't support underhandedness, intentional suppression of a free market, and the politicizing of a decentralized future of money that can be used by every country, company, and individual.
This was one instance and a fairly big one to feature, but felt the need to share in order to back up such a claim.
I know there are apparently too many big words for you in here to read Jack, but it's the truth. So I added a couple of pictures for you to make it easier. There's crayons in the back of the room if you want to color it in later, but no eating them. Other kids in the class will want to use them as well.
Have a great Sunday everyone.
I don't know how to express to those who DM'd this handle thanking me for saying the quiet part out loud, even sharing their story about similar endings with Bitcoin maxis who have elevated themselves by leaving contributors on the sideline.
Bitcoin as it was created is a great financial paradigm shift. Some of the people who have done it a disservice by their actions over the years are not Bitcoin. They are opportunists. So please keep them separate.
Charlie built Litecoin to be compatible to the core Bitcoin ideals and ledger, not the opposite. It and Charlie do not deserve what has happened. No one who has ever given of themselves for the true cause deserve it.
People will never know how much suppression BS I've had to endure the past 8 years alone. Yet here I stand.
Let them fight over being money for the government. I'll keep fighting to be money for the people.
Integrity matters.
Litecoin has supported and helped Bitcoin for years. Charlie stuck his neck out financially to invest in it, defend it, and test for it only for maxis to cut him and I off at the knees, smear us, ignore us, and mock us.
El Salvador's national energy company (CEL) contacted Litecoin Foundation in 2022 asking for it to advise them on matters related to its planned bitcoin mining facilities, custody of bitcoin mined and bought, a national wallet to potentially replace the Chivo wallet, and even potential fund raising for the bitcoin bonds. But after 6 months of the Foundation meeting with them via video calls, emails, and even Charlie flying to El Salvador to meet the head of CEL, the communication abruptly stopped and Bitcoin maxis were all over the news there and we never received a dime, a thank you, or the potentail for having a small portion of Litecoin miners working at the mining facility. You call that transparent? You call that fair?
Jack, you worked with Charlie on regarding lightning and it's first transaction happened on Litecoin, but he was pushed to the side after he was no longer needed and Bitcoiners fail to even recognize that as part of its history.
Bitcoiners in crypto companies stopped Litecoin from being added to certain platforms and companies for years until the owners changed hands or realized it was a dumb financial decision, but it stalled Litecoin's growth overall. You all made sure it was never a level playing field.
And yet, we supported Bitcoin and continued to take on its congestion, test out new technology, and put on a good face while all we did was get spit on publicly and suffocated in the background.
Even after all of this, we support a Bitcoin Strategic Reserve. But let this be very clear. It is not because of you or any of the other dirty players of the past decade who made it 20x harder for Litecoin. We support it because it is the better decision for America.
We are your brother in arms, not your enemy, so stop treating us like peasants. You can't be the bully then call on those you've treated poorly to unite with you on some front that threatens your 'There can be only one' narrative you've constructed.
If you can't acknowledge Litecoin as a benefit to society and a fully decentralized, scarce and hard capped money just like yourself, then you can fight this fight alone. We're no one's beach any longer, Jack.
Litecoin deserves recognition and a seat on any national digital asset working group through a representative, just like Bitcoin or anyone else. Period.
It's created in the US, the majority of retail investors are in the US, and the newest 501c3 supporting its adoption is in the US.
It has existed longer than 99% of those cryptocurrencies and digital assets in existence and is literally the world's digital silver being fully decentralized and consistently used at an exponential growing rate even today. It is 1 step away from a single asset ETF and has been identified as a commodity by both the @SECGov and @CFTC@POTUS@CynthiaMLummis@davidsacks47@WhiteHouse
The US dollar was first backed by both gold and silver. The bimetallic standard was in place until 1873. Silver was reintroduced into the system 5 years later through silver backed coins such as the Morgan and Liberty Dollar coins.
Silver certificates were also available for redemption for silver backed coins or actual silver itself from 1878 through 1964 as an alternative to gold based dollar notes.
Litecoin historically fulfills this bimetallic comparison with Bitcoin as the only two true fully decentralized commodities that encompass value similarly through their makeup but are still different enough to differentiate their origin, complement each other, and not compete directly.
Bitcoin's SHA-256 hashing algorithm dominance of 98%+, 21 million coin hard cap, 10 minute block time average, and store of value proposition symbolize the scarcity, demand, and value of gold.
Litecoin's Scrypt hashing algorithm dominance of 98%+, 84 million coin hard cap, 2.5 minute block time average, and hybrid SoV + cheap trx cost value proposition symbolize the scarcity, demand, flexibility, and value of silver.
This is why sovereign nations, banks, citizens, and merchants can easily recognize both Bitcoin and Litecoin as the hardest, most secure, and most identifiable tandem to replicate the millenia long desire for money backed by tangible assets...but now in digital and highly liquid, transferable form.
ETF's for other digital assets, public ledgers, and products of those products will exist, but only two can ever be identified in the manner described above.
Bitcoin and Litecoin
@BlackRock@vaneck_us@bitwise@SECGov@hashdex@POTUS@davidsacks47 @paulatkinsx @HesterPeirce@EricBalchunas@matthew_sigel@JSeyff
Let me introduce to you one of the most bullish charts in crypto... $LTC 6mo bullish pennant.
The measured move for this has $LTC at over $5,000
But let's be realistic
Let's say it only achieves half that move
That's still a $2,500 Litecoin...
and @litecoin is a memecoin now 🤫