Litecoin Full Leaked Chat

No offense, but that article is so weak. I’d find you hard pressed to get any serious contributions from that. It comes across as desperate by being so vague.

There’s zero detail about what’s been done and where the money will go. Just comes across as “hey, we don’t have much to share, we’ve kind of given up, please give us some money and maybe we can continue.”

Agree

The article should read something like:

This is where we stand so far. These are the hurdles we need to overcome. This is what we think it will take to get there. Here is a realistic timeline. This is what we think it will cost.

I had mentioned this internally. It looks wrong to see us spending multiple six figures yet asking for small donations when it comes to development. Priorities are completely wrong and gives a poor image.

What was the response? Seems clear that the partnerships should be secondary.

yeah very weird post

Development seems like the obvious priority, especially with the confidential transactions news that Charlie announced in February.

Sadly you can’t magically turn money into good crypto developers

Yeah

Should have a candidate ready before explicitly asking for dev donations imo

Yeah that would be even better

With the monero crowdfunding system recipients have to detail what they’re doing, and funds are often even held in escrow and released as milestone payments

Yeah I like that approach

example of funding proposal here: https://repo.getmonero.org/monero-project/ccs-proposals/merge_requests/50#note_5435

Hard for anyone to make a substantial donation without details

Indifference

Franklyn, please stop. The foundation has not spent any amounts of money on partnerships. Stop creating FUD. I have corrected you time and time again in our private chats. Why are you publicly creating FUD now? I’m extremely disappointed.

It is your money in the foundations name and image.

Every single dime that was spent on partnership came from my own pockets with Xinxi and a few others here (Chris and Teletan) pitching in for the Dolphins partnership. Like @null22 said, you can’t create good crypto code by throwing money at it. If I can, I would have.

Nothing changes in private we have the same cycles and arguments. You tell the people here what we have done for development or for profenional level integration of the network

You speak as if we are grossly misusing foundation money. Stop speading FUD

We can hire developers sponsor people to work on the tech who have the skills

if that’s really the case then mind as well pack up and go home

you have the money and the authority, i suggest plans andtry to steer the project to a business side and each time its grassroots but you on top

we’re not begging for money. People have asked how they can contribute money towards coding, so we are providing a way

That donation address only exists because i had to have an arguemnt in the slack about how it effects our image to not been seen to focus on development. Read the above messages from those who have contibuted to the foundation. It looks weak, you spend so much on sports and when it comes to this the community are expected to pay.

John BMV, do you need to forward anything to him?

No one said the community is expected to pay. It seems like the expectation is that BECAUSE you fought so hard to put out this donation address. I don’t get it

I never wanted a donation address because of how it effects the foundations image.

Well, it wasn’t my idea. It came from the community because people want to donate to us. There were a few reddit threads and people wanted us to generate an address.

Yeah I’m the same, we had a donation address for @crypto, after 7 months of not a single tip I took them down

I honestly don’t care about what people think of the foundation. We do our best to help litecoin via development and adoption. We make no promises and don’t owe anyone anything. CT/MW development will come in time. We get most of our developments from Bitcoin. And that’s perfectly fine. Litecoin works today. If we have 0 improvements from now on, it doesn’t diminish the fact that Litecoin works very well as money. I personally think adoption is much more important than core protocol devlopment today. We need more people to know about LTC. We need better and easier to use wallets. We need more merchants accepting LTC. So things like Spedn supporting LTC, partnerships with Dolphins, work on LoafWallet and new lightning wallets is more important than adding fungibility to Litecoin. Yes, fungibility is important as I’ve said in my tweets. But that’s a long term goal. People want an update today because they care about pumping the price. I don’t care about that.

To be honest I’ve heard so many people not I crypto talking about litecoin, think you guys are doing a dam good job

Litecoin won’t lose because we are slow in getting CT/MW added.

?

Actually @xinxi_wang and I’ve talked about plans to proceed with CT on PM.

He has a couple options he is thinking about. FYI

There are a lot of people out there fully expecting that CT/MW will suddenly come to Litecoin this year and provide fungibility, so I think you need to make it clear that that’s not going to happen.

And everyone should be honest about why they want CT/MW. Ask yourself why. Is it because you think Litecoin needs it OR because you think it can help pump the price to the next ATH?

Because it needs it. I never even use Litecoin anymore because it has no privacy

I don’t think I’ve ever made any promises and people always have overblown expectations

It isnt for Charlie to tell in my opinion, because it may or may not happen. It is decided by a community consensus so Charlie saying it wont happen wont make a difference

People are not stepping up. Everyone is complaining about why no MW news but no one is stepping up.

The honest truth is that no one is interested in working on Litecoin protocol development work. At least no one technically competent. You can’t just throw money at this problem. This is true for Litecoin since the beginning. It has only been me, Warren, and Thrasher.

OK so Warren has moved to Blockstream, Thrasher is AWOL and you?

I’m spending my time working on adoption for the reasons I mentioned above.

I have suggested Loshan, we can review his work he has been here with me since 2013. he is hihgly skilled and capable aswell as willing

I’ve also tried to find someone else to lead the MW project as I don’t want to be the only person pushing this forward. But not having any success

It set expectations regardless. It’s been a long time with no public update so it would be natural for people to expect a lot of progress by now.

When there’s update, I will post an update. Sorry, but I don’t very much care if people are disappointed if they expect a lot of progress

Adoption takes just as much energy and money, building a solid community that is proactive in spending and educating IRL takes many hours and sacrifice to accomplish as well. The difference is that many people have stepped up and are showing with their actions but not so much on the dev side.

That being said, if litecoin is to be a decentralized currency charlie should not be leading any projects rn. Someone in the community needs to step up and lead it. The more Charlie’s involved the longer it will take for litecoin to become more decentralized.

I think before complaining and highlighting a problem, each one should do their best in finding a solution first.

Well at least we know where we stand

Like I said before @xinxi_wang and I have discussed options in how to proceed with CT. Maybe others have a different opinion on how fast the progress should be but I don’t believe we need to rush anything.

I know for a fact charlie has reached out to several people about this subject already.

I don’t doubt that

Progress is being made. Just not as fast as people like, I guess.

I would rather it take long and be polished then we as a community rush it and find many bugs and exploitations after