Litecoin (LTC) is a mess – their roadmap is literally non-existent

2016: Write roadmap & whitepaper

2017: Hype creation

2018: Cashing out and the great disappearance

This is how Litecoin was described in their own subreddit. Even funnier was the comment right above it that says Litecoin’s roadmap is literally non-existent because they forgot to renew their domain subscription.Current State Litecoin Roadmap_ _ litecoin

coinmama

And that depicts the state of Litecoin the best. It is a project that has little going on for it, hovering around scanty $25 per coin.

LTC is like an abandoned legacy BTC fork that is carrying on by name recognition only, since it was one of the earliest forks. It is a 100% copy of bitcoin, brings zero innovation and the only the only reason LTC is still even on the map is because Charlie Lee talked Coinbase CEO Brian Armstrong into adding it to Coinbase.

Brian threatened to add new coins to light a fire under Core to scale bitcoin. He only planned to add ETH. But Charlie was working at Coinbase and got LTC added too. Then we had a bull run where millions of uninformed people swarmed into crypto and saw LTC on Coinbase. That’s literally the only reason this coin is still even on the map.

Litecoin does nothing to contribute any value to the cryptocurrency world. This is directly from the mouth of litecoin holders and insiders:

Here is the link to the full explanation.

When you read this, the first thought that comes to mind is do we really need a $1.8 billion testbed for bitcoin? Where is the value that litecoin brings to the table. It is ok to take parts of other people’s code when it is open source, it is a common practice among developers. But to simply sit and wait for other people to do the work and just port it onto LTC is paragon of parasitism.

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Here is another very detailed essay on Litecoin by Multicoin Capital, they too see no real purpose for LTC’s existence.

There is also a lot of talk in the community about lack of activity on LTC Github but those worries have been somewhat alleviated with a plausible explanation that the developers don’t work on the master branch. They commit code when they’re finished working on them in their own branches and submit pull requests to the main repository. It’s considered a good Dev practice.

Charlie Lee pops out occasionally with some light comments, no firm and in-depth explanations what are they up to, but rather some spirit lifting buzzwords about bears, bulls, patience and so on. Litecoin is pointless and just like it lead the ascend of the questionable altcoins back in the bull-mania, it will slowly lead the way to the graveyard for those same altcoins.

 


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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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