Lite Strategy

Quick breakdown of what happened on the @litecoin network over the weekend. A zero day bug hit mining pools and a small number of nodes that hadn't been updated allowed some invalid MWEB transactions to slip through. The network reorganized 13 blocks on its own, reversed every invalid transaction, and left every valid transaction completely untouched. The chain NEVER went OFFLINE. Worth noting this was not a 51% attack, even though some people were quick to call it that. Block reorganizations are a standard proof-of-work self-correction mechanism, designed for exactly this kind of scenario. The dev team had identified this vulnerability weeks before anyone exploited it and had already patched the majority of nodes. It happened because a handful of operators hadn't updated yet. They caught it early, moved fast, and the network corrected itself without missing a beat. $LTC: Hard money built to last.

@Mregypt Litecoin.

Bitcoin.

@TheDesertLynx Honestly this is why payment focused chains have aged better than most, when the core utility is moving value cheaply and reliably, the network keeps making money whether the market is bullish or bearish.

Crypto is NOT primarily an investment! If you believe it is, you're partaking in the greater fool theory. Crypto is a tool for lots of stuff that, provided it finds product-market fit and gets a bunch of users, can generate enough revenue to be an investment for some. But it can't make money if it doesn't, you know, make money.

@cryptorover Massive for the regulated treasury side of the market, this is exactly the kind of clarity that lets vehicles like $LITS keep doing active treasury work without regulatory ambiguity hanging over every move.

BULLISH: 🚀 The CLARITY Act moves closer to becoming LAW. Final stablecoin rules ban passive yield but allow activity-based rewards.

@CoinMarketCap Charlie Lee

Without _____ , crypto isn't the same.

@CryptoGodJohn The cycle does this every single time, the people with the worst memory get the loudest microphones, and the patient holders just sit back and let the chart do the talking.

The amount of people who are shitting on crypto right now that were shilling the top is astronomical Would be quite poetic if the entire market started bouncing

@SimplyBitcoin Litecoin did.

Has Bitcoin helped to enhance your life?

@Kalshi_Crypto JUST IN: Michael Saylor regrets not adding Litecoin along with Bitcoin.

@RoundtableSpace Thanks for the compliment.

IF YOU’RE NOT SHOWING UP ON A SUNDAY YOU’RE NGMI

@cottonxbt Early is relative, the people who got in during 2013 felt late at the time too, and Litecoin holders from that era are still some of the most patient players in the space.

Only 4% of the world population are into crypto. You're still early. Don't be deceived.

@Route2FI The rabbit hole is fine if you climb out occasionally, the issue is most people are 10 layers deep on coins that won't exist in two cycles instead of holding the few that actually will.

We used to chase dreams that actually meant something. Then we fell into the crypto rabbit hole, and now we spend our days on Twitter & staring at charts 24/7.

@Shilllin Most of the criticism is aimed at the noisy 99 percent and completely misses the small handful of networks that have been quietly doing exactly what they said they would since day one.

Crypto is the misunderstood industry in the world

@fuelkek Litecoin honestly, I know it sounds boring on the surface but the more time you spend in it the more you realize how much is actually happening underneath.

I've been in crypto for a long time, I've run this account for several years, and for the first time, I feel very uninspired by the current projects in this space. I'm finding it difficult to find projects to make content about, as well as projects that excite me to use and invest in. This is my third bear market, so I'd love to blame it on that, but I can't. If you're passionate about a project, drop it in the comments. Crypto has always been my number one passion, and I'd love to find some projects that can reignite that spark.

@lukebelmar Litecoin eats the dollars.

Sell Dollars. Buy Bitcoin.

If Charlie Lee asked you why you liked litecoin how would you reply?

@TedPillows Always, the fundamentals haven't changed and the float keeps getting thinner every quarter.

Are you bullish?

@coingecko May i tell you something? Its always @litecoin

Project for May?

@cryptoleon Anything that sells to non tech industries like dentists, plumbers, vets, small law firms, those verticals were too small for big SaaS and are wide open for solo operators.

besides crypto what is a good business to build right now?

describe your weekend with a GIF.

@wallet or you can just pivot to $LITS.

Self-custody is freedom.

@DaddyCool1991 Respect for owning this publicly, most people would have just quietly moved on. Onward.

I’ve had a lot of time to think about what happened the past week regarding Litecoin, the bug exploit, and how some things were handled. More specifically, my role in helping put out posts from the Litecoin handle. There was a lot of unnecessary and wildly inaccurate information put out at the early onset by many who did not know the inner workings of what had happened, with others perpetuating not only bad information to circulate, but also capitalize on any information to further their own interests. I understand this is just how things are, even if I personally hate it. But as certain people with influence continued to fan that flame, I did something I’m not proud of and would like to seek your forgiveness on. As some of you already know, the Litecoin handle is a community effort at this point. There are a handful of people who actually have the ability to post from it and actively do. There is also a much larger pool of community members, as well as some from the Litecoin Foundation, who work together on what to post from the official Litecoin handle. During the past week immediately after and during the tensest parts of the exploit though, I was the one posting from the handle. There came a point where the focused attacks on X towards Litecoin were so blatant and irresponsible that in order to combat them I focused solely on refuting them. Unfortunately, on two specific posts, I lost not only focus, but also my cool, and did not allow myself time to re-read what I had written and reconsider how it would affect others prior to posting them. I later removed from the timeline in order help everyone re-focus and not continue down a path of social chaos. I still feel strongly about many of the things that happened and who caused them to happen, how they attacked good, honest people who were doing the best job they could under a real situation, and tried to use the situation to further themselves but I could have done better in the heat of the moment and not made things potentially worse. I understand and appreciate the influence the handle has as well as my role in the community’s overall perception of Litecoin, the Litecoin Foundation, and how we navigate within this space as a collective. I am asking for your forgiveness in this matter and will continue striving to not only do better going forward, but have also forgiven those to whom I allowed get under my skin. I have sacrificed over 8 years of my life into Litecoin and my affinity for what it stands for, the people who work on it, and the potential it has to be what so many desire from a fair form of money for everyone. I hate social media but also know it has a critical role to play in framing the best possible outcome for not only Litecoin, but all of crypto that is not meant to steal from others, take advantage of those just trying to change their lot in life, or anyone just trying to make this broken world a little bit better than it currently is. No one has told me to write this nor suggested I write this. I just felt it needed to be done because I feel it’s the right thing to do. It pains me if anything I ever do actually impacts anyone in a negative way, even if its to defend others or things that I hold very dear to me. I have also forgiven anyone tied to the past week’s events who attempted to defame, take advantage of, or leverage an unfortunate situation for their own gain or attention. It does no one any good to allow unforgiveness to fester and have a place of residence in your hearts. It does not mean discernment and good judgement is to be ignored and pretend nothing happened, but forgiveness allows us to move forward and strive for better days in better ways. Thank you to the those who have been there not only for Dave Burkett, Loshan, Alan, and Charlie throughout this time, but also for me. I’m sorry if any of my actions let you down, and I will continue to try to do better in the future. May the one true God bless you all and reside in your hearts and minds, and thank you for the chance to serve you every day while you place your trust in us to do what is right and for the betterment of all humanity instead of ourselves. David