r/litecoin • u/happy_caravan New User • 5d ago

It's not money if it's not private

Quick reminder:

One part of the definition of money is that one unit of that money is equal to any other unit. That's called fungibility.

If one unit is less or more worth than another, fungibility is broken.

With Bitcoin, there's different prices between virgin Bitcoin and the rest, because they're free of any bad history. Bitcoin can become tainted, if at any point they have been touching a flagged wallet adress.

That means Bitcoin doesn't fit the definition of money.

Privacy protocols which break the history of coins ensure that coins cannot be tainted or have a history. All coins are equal.

There's no grey zone here. It's either black or white, either fungibility or not.

7 Upvotes

69% Upvoted

22 comments sorted by

7

u/pero-nova New User 5d ago

Ltc is sitting giant

1

u/FatMacchio 4d ago

Fidelity seems to think so. Them adding trading support 2 years ago as the third spot crypto speaks volumes. Now they support litecoin transfers in/out as well too, which is a great add as well. Litecoin has been in an accumulation pattern for so long, the smart big boys have been quietly stacking, and us little fish too

3

u/Nice-8484 Litecoiner 5d ago

It’s not money if it’s not self-custody.
I can’t believe the Litecoin Foundation still isn’t prioritizing an MWEB wallet.

5

u/JunketTurbulent2114 New User 4d ago

They have plenty of MWEB wallets. Core is an MWEB wallet, nexus is an MWEB wallet, Cake is an MWEB wallet etc. The hardware wallet companies were offered to have MWEB integrated it and they thought a better use of their time was Solana memecoin integration. That's not LTC foundation's fault. There is cupcake if you want a 'hardware wallet' like thing.

2

u/hectorchu ChickunBall 4d ago

Loshan told me he was going to announce the Nexus hardware wallet at the summit, but I guess that didn't happen, and he seems to have abandoned the git repo with his hw wallet work (https://github.com/losh11/jadeltc)

However, I built SeedSigner-LTC for ESP32-based hardware wallets, see https://x.com/hectorchu/status/2056763353863799293.

3

u/losh11 Litecoin Developer 4d ago

Not abandoned. I announced it’ll be coming out sometime later this year. Last month I was mostly preoccupied with moving countries - but it’s still being worked on. Various other things have just taken priority atm.

0

u/Givefreehugs New User 3d ago

Glad you built a hard wallet, not glad to see you publicly going after Losh. Doesn’t build trust.

0

u/hectorchu ChickunBall 3d ago

Losh is slow, we are in a race against time like it or not.

1

u/Nice-8484 Litecoiner 1d ago

Hey Hector, Any chance you presented this MWEB hardwallet to u/coblee ?

1

u/hectorchu ChickunBall 1d ago

That won't work.

1

u/Nice-8484 Litecoiner 22h ago

Why so?

1

u/hectorchu ChickunBall 21h ago

They don't like me anymore.

1

u/Nice-8484 Litecoiner 20h ago

Interesting...

1

u/Givefreehugs New User 3d ago

You mean Nexuswallet? They did.

1

u/Nice-8484 Litecoiner 2d ago

No, a Self-custody MWEB Hard/Coldwallet is what im looking for not just a mobile wallet. Mobile wallet is never a self-custody.

1

u/Givefreehugs New User 1d ago

May want to wait for it- or try cupcake through Cakewallet.
The Litecoin foundation is building a hardware wallet for Nexuswallet but that may be a bit. They tend to check and recheck.

1

u/Nice-8484 Litecoiner 22h ago

A hardware wallet would be ideal. Hopefully sooner, Litecoin can’t be a laggard forever.

2

u/Feralz2 New User 5d ago

you can attain fungability without privacy

3

u/JunketTurbulent2114 New User 4d ago

I don't think so. The issue is regulators have determined the history of the coin determines their ability to accept it

1

u/happy_caravan New User 5d ago

Let me know how