Here is the logic to refute the bullshit about Charlie’s selling LTC. He has a lot of information now, upon the release of which the price of LTC will probably be much higher than $300. He dumped coins right before a bull run to avoid conflict of interest. That’s selfless.
Litecoin is now an official payment gateway according to the Arizona government: "a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems." cointelegraph.com/news/us-arizon…
Seriously, if Charlie works hard on Litecoin and make it the No. 1 cryptocurrency without holding any of it, isn’t that heroic and legendary? I believe that’s what he is doing based on what I know about him.
Many of you do not have much feeling about transaction fees. The two images show you the difference immediately. When BTC had a fee of $55, LTC’s was only $1.4. Now BTC’s fee is $1.4, and LTC $0.2
For the next release of Litecoin reference client, we will reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb).
Top cryptocurrencies except LTC are all backed by well-funded foundations/companies at their core, but Litecoin is maintained by a few volunteers and a foundation with only $400K asset. So I would say Litecoin's tremendous growth this year is mostly organic and healthy.
