Litecoin cash - Fork off!
So another day another fork. Apparently, Litecoin is hard forking into Litecoin cash on Sunday, with an airdrop of 10 Litecoin cash for every Litecoin... OR MAY BE NOT. Having looked into this I can say this is a definite scam.
So I tried to access the litecoin cash website...lcash.org, and my browser threw up a red flag straight away. Also a lot of you tubers have read the literature on the site and its in broken English, It also lacks a whitepaper!
But the biggest piece of evidence is Charlie Lee himself giving a big thumbs down to all of this.
https://twitter.com/SatoshiLite/status/960197866546282496
Having said that it has pumped the value of LTC quite a bit today, but I only see this sliding post "fork" again. I plan to sell my litecoin on Saturday (if it has pumped on Friday and part of Saturday) only to buy back in on Monday. I'm definitely not bothered by the airdrop of this con coin!
Let me know if you have heard any different or have a different opinion.
peace,
N
I JUST bought some to.
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I've written a guide on how to safely claim your Litecoin Cash #LCC from a Litecoin #LTC core wallet.
Would appreciate if you share and comment on it guys.
How to safely and securely claim your Litecoin Cash from the upcoming fork
There really is no rush - If you own your private keys then you have forever to claim the Airdropped coins. I plan on waiting a bit - 12 months - then setting up new wallets and moving all my coins there - LTC / BTC then claim all the forked coins that i'm entitled too. don't forget BTC has had quite a few as well. That way I am not putting my private keys at risk.