fbpx

Follow Me On Socials

Litecoin Full Leaked Chat

bitcoins
3 August 2019
C
15:35
Chris ?
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.”

K
15:43
KrlMrks?
In reply to this message
Agree
15:47
As I understand things are not running smoothly…
C
16:47
Chris ?
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.

16:47
Very precise
16:47
If it’s $100k
16:47
Then let us know
F
17:20
Franklyn
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.
C
19:08
Chris ?
In reply to this message
What was the response? Seems clear that the partnerships should be secondary.
19:09
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
In reply to this message
yeah very weird post
C
19:09
Chris ?
Development seems like the obvious priority, especially with the confidential transactions news that Charlie announced in February.
19:09
Specifically since his original timeline was ‘sometime in 2019.’
19:09
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
Sadly you can’t magically turn money into good crypto developers
C
19:12
Chris ?
Yeah
19:14
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
Should have a candidate ready before explicitly asking for dev donations imo
C
19:18
Chris ?
Yeah that would be even better
19:18
Just be precise
19:18
Let me know what I’m contributing to
19:18
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
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
C
19:19
Chris ?
Yeah I like that approach
19:20
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
C
19:20
Chris ?
Hard for anyone to make a substantial donation without details
19:22
In reply to this message
Yeah that looks legit
19:26
Does someone in here operate the LTC Foundation Twitter?
F
20:03
Franklyn
In reply to this message
Indifference
20:06
I was extremely disappointed to discover that no progress had been made on CT since the announcement, especially when I stand on stage telling everyone it’s happening and we are actively working on it.
20:10
The foundation has opted to put all its efforts behind marketing and spending gross amounts of money flexing partnerships instead of doing the actual work. Something I have warned against.
CL
20:30
Charlie Lee
In reply to this message
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.
F
20:35
Franklyn
It is your money in the foundations name and image.
CL
20:36
Charlie Lee
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.
F
20:36
Franklyn
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
CL
20:37
Charlie Lee
You speak as if we are grossly misusing foundation money. Stop speading FUD
F
20:37
Franklyn
We can hire developers sponsor people to work on the tech who have the skills
20:37
its 100% your money i am advising that it looks bad as we are seen to be doing nothing else
20:38
i have no power over you or Xinxi if you want to throw money at sports games then i wont stop you
20:39
what is the foundation anyway charlie? its you no one else
CL
20:39
Charlie Lee
In reply to this message
if that’s really the case then mind as well pack up and go home
F
20:39
Franklyn
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
20:40
Wheres thrasher? have you heard from him since he appears to be ignoring our messages about dev updates
20:43
If we cant fix code issues then why are we begging for money on twitter?
CL
20:47
Charlie Lee
In reply to this message
we’re not begging for money. People have asked how they can contribute money towards coding, so we are providing a way
20:48
If people want to donate, we have a place for them to.
F
20:58
Franklyn
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.
IG
21:01
Ilir Gashi
In reply to this message
John BMV, do you need to forward anything to him?
CL
21:03
Charlie Lee
In reply to this message
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
F
21:07
Franklyn
I never wanted a donation address because of how it effects the foundations image.
CL
21:08
Charlie Lee
In reply to this message
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.
A
21:09
Aztek_btc
In reply to this message
Yeah I’m the same, we had a donation address for @crypto, after 7 months of not a single tip I took them down
21:09
In reply to this message
I think donating to a team like litecoin is different
21:09
Because they directly benefit
CL
21:14
Charlie Lee
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.
A
21:16
Aztek_btc
In reply to this message
To be honest I’ve heard so many people not I crypto talking about litecoin, think you guys are doing a dam good job
CL
21:16
Charlie Lee
Litecoin won’t lose because we are slow in getting CT/MW added.
21:17
In reply to this message
And that’s all because of UFC, Dolphins, and other partnerships. Laymen doesn’t understand or care about MimbleWimble. I do and I’m fine if it takes its time.
A
21:18
Aztek_btc
In reply to this message
?
@
21:18
@johnkim77 [LTC]
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

21:19
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
In reply to this message
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.
CL
21:19
Charlie Lee
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?
21:20
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
Because it needs it. I never even use Litecoin anymore because it has no privacy
21:20
and there are already alternatives that do
CL
21:21
Charlie Lee
In reply to this message
I don’t think I’ve ever made any promises and people always have overblown expectations
IG
21:21
Ilir Gashi
In reply to this message
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
21:21
People are expecting things to pump and are clouded by how development works
21:22
It takes time, but I agree that we need to do more to be more transparent
21:22
On research..etc.
CL
21:22
Charlie Lee
People are not stepping up. Everyone is complaining about why no MW news but no one is stepping up.
21:23
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
CL
21:25
Charlie Lee
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.
21:26
In reply to this message
I don’t consider that a promise. I’m just guessing there.
F
21:26
Franklyn
OK so Warren has moved to Blockstream, Thrasher is AWOL and you?
21:27
Lets make the record clear we cant string people along
21:27
Lets sponsor a compotent bitcoin dev?
CL
21:28
Charlie Lee
In reply to this message
I’m spending my time working on adoption for the reasons I mentioned above.
F
21:28
Franklyn
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
CL
21:29
Charlie Lee
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
21:33
‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎‌‌‎‌‌‌‎‌‌‎‌‌‎‌‌‎
In reply to this message
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.
CL
21:34
Charlie Lee
In reply to this message
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
21:40
People need to stop looking to me to make everything happen. It’s a decentralized currency afterall, right? Or is it?
@
21:46
@johnkim77 [LTC]
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.

C
21:49
Chris ?
Well at least we know where we stand
21:50
Sad to here that’s the case
21:50
Hear*
21:51
Was definitely under the assumption that progress was being made
@
21:54
@johnkim77 [LTC]
In reply to this message
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.

C
21:56
Chris ?
I don’t doubt that
CL
21:58
Charlie Lee
In reply to this message
Progress is being made. Just not as fast as people like, I guess.
IG
21:59
Ilir Gashi
I would rather it take long and be polished then we as a community rush it and find many bugs and exploitations after
22:00
Because who knows what will happen, as confidential transactions in any capacity is risky
@
22:02
@johnkim77 [LTC]
photo lazyload 557@03 08 2019 22 02 06 thumb Litecoin Full Leaked Chat

<%

Stay Connected With Me

© 2021 BitBoy Crypto | Designed by LBWD
Skip to content