While browsing the internet for news, I came across an interesting twitter exchange between a Litecoin enthusiast, and Mr. Litecoin himself, Charlie Lee. As most of our readers will know, there hardly seems to be any Litecoin promotion going on, nor do we see success stories. Litecoin seems to be mentioned more by accident than something else at times.
Charlie Lee got called out on Twitter, as Darth Camel tweeted Mr. Lee to say “you have done nothing to prove yourself as of late”, to which Charlie Lee aptly replied “What is it that you think I need to prove to anyone?”. Just by reading those two sentences, you can see this would make for a rather interesting discussion.
This comment was not made to anger Charlie Lee, but more an expression of concern for Litecoin, of which Darth Camel is a big fan. Besides, when tweeting to Mr. Litecoin himself, you never know if you get a reply, but it’s worth a shot to try and get his attention if you need an answer to your questions, right?
The conversation continued as Darth Camel mentioned “I meant in terms of development.” It is certainly true we have not seen any major LTC developments over the last few months, except for Auxiliary Proof-of-Work, so other altcoins can merged mine together with Litecoin. Dogecoin is currently the only coin which can be merged mined with LTC as of this writing.
Charlie Lee had an interesting reply to Darth Camel’s statement, as Mr. Lee stated the following : “Litecoin does not need development right now. Adding gimmicks does not help a currency succeed. Liquidity , merchants and users does.”
While everything about the statement is perfectly true, it is not the kind of reply you would come to expect from Charlie Lee. Then again, he does have a point about gimmicks not helping digital currencies succeed, up to a certain point. Litecoin does not need a particular gimick in order to get more attention, as it will always be “the” altcoin.
However, there are other altcoins out there who see some form of success exactly because of their gimmick. Darkcoin for example, is all about anonymity and privacy, which can technically be labelled as a gimmick as well. Seeing how so many people are interested in the technology though, gimmick might not be the exact word for it, as Darkcoin’s development is so much more than that.
Either way, there is nothing wrong with Litecoin the way it is right now, from a technical point of view. Sure, there are bits some people would love to see implemented, and other people won’t see the benefit of it. But all in all, Litecoin is a very solid digital currency in its current form.
One thing that is lacking though, is more media coverage and perhaps even community engagement. When you want to be up-to-date in regards to Litecoin news, Reddit is about the only place to get any sort of news, which is a bit of a shame.