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Sorry for the tangent but isn't litecoin and dogecoin one and the same now? Why separate clients?

shp0ngle 6y ago
It is not and never was
arcticbull 6y ago
Nope one was started as a joke and the other one, the founder sold literally his entire holdings at the top of the market for $600/LTC, 8x current price (and ran away to an island somewhere, I assume) years ago, leaving the foundation on the brink of bankruptcy - the bankruptcy claim which to be fair they denied in 2019. Smart man!
- caffeinatedgoat 6y ago
  Honestly I'm surprised the coin is still around after that. What exactly does LTC bring to the table to support it's position as a top 5 cryptocurrency?
- jeppebemad 6y ago
  Not sure where you get your facts, but Litecoin all-time-high was around $360. The founder, Charlie Lee, stayed and is still a visible and active advocate for litecoin to this day.
  - arcticbull 6y ago
    My bad, I was wrong about the peak price (this was just from memory, and that was almost 4 years ago -- however no excuse for not looking it up). I was, however, right about everything else. Lee sold all his coins, made a giant pile of money, the value of the coin collapsed to literally fractions -- and has yet to come anywhere close to a recovery. If Elon sold 100% of his Tesla shares and "stayed a visible and active advocate for electric cars" I'm not sure you'd be as bullish.
    - ric2b 6y ago
      > I was, however, right about everything else. No, he didn't run away (he's still very active in the community: https://twitter.com/SatoshiLite https://twitter.com/SatoshiLite) and the foundation wasn't on the brink of bankruptcy. About the only thing you were right about is that he sold his coins. (According to him the reason was so he could be financially secure and able to focus on the project instead of feeling incentivized to pump the price)
Taek 6y ago
They use the same mining hardware, but they are not the same chain.

It is not and never was

Nope one was started as a joke and the other one, the founder sold literally his entire holdings at the top of the market for $600/LTC, 8x current price (and ran away to an island somewhere, I assume) years ago, leaving the foundation on the brink of bankruptcy - the bankruptcy claim which to be fair they denied in 2019. Smart man!

caffeinatedgoat 6y ago
Honestly I'm surprised the coin is still around after that. What exactly does LTC bring to the table to support it's position as a top 5 cryptocurrency?
jeppebemad 6y ago
Not sure where you get your facts, but Litecoin all-time-high was around $360. The founder, Charlie Lee, stayed and is still a visible and active advocate for litecoin to this day.
- arcticbull 6y ago
  My bad, I was wrong about the peak price (this was just from memory, and that was almost 4 years ago -- however no excuse for not looking it up). I was, however, right about everything else. Lee sold all his coins, made a giant pile of money, the value of the coin collapsed to literally fractions -- and has yet to come anywhere close to a recovery. If Elon sold 100% of his Tesla shares and "stayed a visible and active advocate for electric cars" I'm not sure you'd be as bullish.
  - ric2b 6y ago
    > I was, however, right about everything else. No, he didn't run away (he's still very active in the community: https://twitter.com/SatoshiLite https://twitter.com/SatoshiLite) and the foundation wasn't on the brink of bankruptcy. About the only thing you were right about is that he sold his coins. (According to him the reason was so he could be financially secure and able to focus on the project instead of feeling incentivized to pump the price)

Taek 6y ago

They use the same mining hardware, but they are not the same chain.