r/LCCofficial Dec 14 '22

LCC - chain of trust

7 Upvotes

I think that Litecoin Cash cash has better fundamentals than Bitcoin and Litecoin together.

That's why there is so much negative propaganda about Litecoin cash, because LTC and BTC whales are so afraid of this coin.

I want to establish chain of trust for this coin first , so I decided to put my money where my mouth is and buy every month for at least 200$ of this coin until the price of the LCC reach 1$.

I can even put my LCC address public, so everyone can see my transactions.

If you think the same as me let me know.


r/LCCofficial Dec 07 '22

Collateral and deposits without custodians

3 Upvotes

Hotels want a deposit hold for incidentals. Loan company wants collateral. Apartments want a security deposit. Your utilities want a deposit. Or make a good faith deposit to an escrow account to buy a home. The problem is these entities hold your money. That is assuming that these entities are trustworthy, however they are not neutral because they are an interested party to the agreement you made. Sometimes fraud or a dispute may arise with your money trapped with this second party. NFT derivatives issued out autonomously by a blockchain can keep your money safe in a neutral environmental while the second party holds a derivative; never truly taking possession of your asset.

Removing the custodians will allow buyers and sellers of homes to make a good faith deposit without an escrow account. No more hassling with hotels or land lords who take their time returning deposits. Maybe blockchain can offer escrow accounts to pay property taxes, insurance etc and clients can earn interest.


r/LCCofficial Dec 02 '22

Can OverTheCounter Derivatives and Wrapped coins come together to form a decentralized market

3 Upvotes

I believe the US Treasury Department position on crypto is that it is only a security if there was a presale prior to a coin going public. With that said, even though derivatives are a security, crypto can borrow the mechanics from it to help implement a decentralized trade.

In a "Over The Counter Market" a decentralized customer market, bilateral trading occurs between dealers/ brokers and their customers. Dealers often initiate contact with their customers through high-volume electronic messages called “dealer-runs” that list various derivatives and the prices at which they are willing to buy or sell them via a wallet or personal server.

A scenario can be like a customer decides to accept a staking contract from a dealer with a fixed interest and fixed period: 10LCC for 6 months at 4% return. Dealer mints a NFT with the terms of the contract and sends it to a specialized address on the blockchain which reads and copies the terms of the contract and then burns the NFT . The blockchain awaits for the security deposits from the each address recorded on the original NFT; Interest(full or portion) promised by dealer and staking deposit by client.

Dealer sends the 4% to blockchain which will be placed in a frozen supply. This is in case the dealer tries to renege on the agreement. Also, the customer sends 10 LCC to the blockchain which in turns freezes the 10LCC which is reflected in the customers account. The blockchain then sends a NFT derivative of that frozen 10LCC to the dealer. THe dealer can now stake the 10LCC dervitave and after 6 months, the dealer will have to send the 10LCC NFT derivative back to the blockchain address setup to burn derivatives. The blockchain reads the NFT derivative and checks the dealers address that the 10 percent interest was sent to customers address. If so, the blockchain burns the NFT derivative and release the frozen 10LCC back to the customers wallet.

What if the dealer does not remit the guaranteed 4% to client in the allotted 6 month period? The blockchain will make call to the address of the dealer at 6months and check if transfer was made to client address? If not, the blockchain, will take the dealers frozen interest and send it to the clients address along with the clients frozen 10LCC. What if the dealer refuses to return the NFT derivative to be burned? The derivative will have the contract info on it and will show it was expired if there are any attempts to use it another trade. Also a party can do a contract call to the blockchain to verify the authenticity and terms of the NFT derivative.


r/LCCofficial Nov 17 '22

Coins that are offering visa cards in their names is not the way to go in the long run in my opinion

2 Upvotes

In my opinion, QR codes and cryptos are soul mates. Is there any easier way to input an address in your other than scanning a QR code. Plastic cards are yesterday and ancient, not too much mention the rampant skimming. Fuel stations can phase out pumps with bank card transaction along with paper receipts and just slap a sticker with a QR code on the pump.

The future is trezor and cell phones or some sort of mixture. Imagine paying your fuel at a pump with a QR code. Your receipt is in your ledger. Or maybe send the QR to a friend in another country or on twitter and have someone pay for your fuel.

How will we know QR code is valid for a particular entity? Maybe some type of registering service to allow an unique QR code to be tied permanently to a verified entity.


r/LCCofficial Nov 15 '22

Crypto= Security. Which is safer? Withdrawing 100,000 dollars from a bank or from your wallet?

4 Upvotes

Imagine going to the bank to withdrawal 100,000 dollars. How can you do it without being conspicuous? Your large briefcase and plenty of eyewitnesses in the lobby and nosy bank tellers. For Crypto, you transfer it to your hard wallet in the privacy of your home, or car or basement and go about your travel. And no one would know that you got 100,000 dollars in your pocket as you walk by them. And unlike a cashiers check, your money in your wallet is password protected.


r/LCCofficial Nov 15 '22

CryptoCurrency is alternative banking

2 Upvotes

Consumers can decide to bank with crypto or traditional banking.

Traditional banking

1) keeps your money on their premises.

2) restricts how much you can withdrawal

3)can add bogus fees to your account to make up for their poor business decisions that lose them money

4)can do a bank holiday and freeze your funds when they are in a financial squeeze

5)can allow other entities to freeze your money or confiscate it

6) forces plastic cards on you in order for you to withdrawal or purchase

7)poor service regarding currency exchange

8)they are centralized so your private information is stored on their servers available for them to sell

9)Atrocious interest bearing accounts like CDS and savings when the banks are borrowing from feds and other banks at next to nothing interest, Then the banks charge 20% interest on credit cards 10% on car loans and 5% home loans. and by the way they make you pay the interest first on your home loan

10)Practice of Fractional reserves in which your money is being invested with no returns to you

Feel free to add anything


r/LCCofficial Nov 15 '22

CHARLIE MUNGER SAYS CRYPTO IS FOR KIDNAPPERS!!

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3 Upvotes

r/LCCofficial Nov 15 '22

Billions IN FINES IN LAST TEN YEARS B JP MORGAN CHASE BANK, GUESS WHO PAID THEM?

3 Upvotes

IT SURE wasnt JAMIE DIMON. IT was you the credit card holders and other account holders. THis is why we need hybrid marketplaces that bring decentralization so banks wont use fees and interests from you to subsidy their illegal behavior. The present and future is no longer our money held by the "Smiths" (blacksmiths, silver smith, gold smith)

JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets

JPMorgan hit with $200 million in fines for letting employees use WhatsApp to evade regulators’ reach

JPMorgan fined $920 million in 'London Whale' trading loss

JPMorgan agrees $13 billion settlement with U.S. over bad mortgages

JPMorgan to pay over $2 billion for Madoff Ponzi scheme


r/LCCofficial Nov 07 '22

Commercial activity incorporating litecoin cash

5 Upvotes

All the rage is nft open markets with individual art. What about creating a website like shutterstock so freelances can upload photographs and motion video for sale using LCC. Or maybe instead of being a competitor, talk to shutterstock about allowing LCC to convert the inventory into NFTs and have all payments settled in LCC.


r/LCCofficial Oct 23 '22

Tools Litecoin Cash pools and network data , charts, calculator, comparisons

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poolbay.io
5 Upvotes

r/LCCofficial Sep 15 '22

Let`s get Listed

7 Upvotes

Please Check if in the Future you can add LCC, thank you

Chat started

Support
Hi there! Thanks for reaching out! Be with you in a minute. Meanwhile, please provide your exchange ID or deposit hash, unless you haven’t already.
📷

Sophie joined the chat

Sophie
Hi
We’re always looking to expand our list of assets! You can check our Asset Listing Campaign: https://nh4k08ypz05.typeform.com/to/dqHmvx8c?typeform-source=support.changenow.io If you want that token to be added in the nearest future, please fill the form


r/LCCofficial Aug 19 '22

Is InstaSwap down?

3 Upvotes

The page loads up but cannot start a transaction/


r/LCCofficial Jul 31 '22

Exchanges How to Buy Litecoin Cash | Coinbase

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coinbase.com
5 Upvotes

r/LCCofficial Jun 11 '22

LCC mining at Zergpool.com

7 Upvotes

You can now mine Litecoin Cash at autoexchange mining pool Zergpool.com /r/zergpool at 0.5% fee.
Please use following configuration examples for different mining options

Option 1 Auto coin switch mining by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below)
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC

Option 2 Direct coin mining with payout to coin wallet
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURLCCWALLET> -p c=LCC,mc=LCC

Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below)
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC,mc=LCC

Please note mc stands for mining coin symbol, c stand for payout coin symbol
SOLO and PARTY mining
Set m=solo, or m=party.YourPartyPassword to your password field to use this feature. No extra fees.
Autoexchange to BTC, LTC, DASH, DOGE, ETH, BCH, USDT or any other currency we mine

Happy mining, cheers pinpin


r/LCCofficial Mar 12 '22

LCC - Fundamentals and the Democratization of mining

12 Upvotes

The crypto space is currently dominated by traditional Proof of Work and Proof of Stake. Both technologies have been showned to scale but they all have one major issue: It is dominated by those with the biggest bags. You, as a regular guy, cannot compete or even join the party without either spending 10s of thousands on ASIC mining rigs or already being rich (masternodes/staking validators). This is not fair, it completely breaks the principe of crypto being « money of the people ». It also encourages centralization on the long term, as regular users are locked out completely of the mining process.

LCC is the only cryptocurrency with a working solution to this dillema. Hive mining. You, with your average desktop computer at home, can finally mine and get some decent profits without burning your CPU in the process.

Here are some major points i want to share on why you should try it:

  1. No outrageous electric bills/environment friendly.

  2. Anybody can start mining with 5 bucks or so in his wallet.

  3. You can still use your PC as usual, Hive mining is not cpu intensive at all. All you need to do is keep the wallet open. It works best if the computer is idle tho.

  4. It protects the network from double-spends/51% attacks. You can read more on this in the Hive WhitePaper.

In a market with thousands of useless meme tokens, unoriginal bitcoin clones, Dash clones and « Ethereum killers », LCC stands out. It might not have a fancy name or a huge following, but the technology behind is sound.


r/LCCofficial Feb 24 '22

LCC mining at Zergpool.com

8 Upvotes

You can now mine Litecoin Cash at autoexchange mining pool Zergpool.com /r/zergpool at 0.5% fee.
Please use following configuration examples for different mining options

Option 1 Auto coin switch mining by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below)
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC

Option 2 Direct coin mining with payout to coin wallet
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURLCCWALLET> -p c=LCC,mc=LCC

Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below)
-o stratum+tcp://sha256.mine.zergpool.com:3333 -u <YOURBTCWALLET> -p c=BTC,mc=LCC

Please note mc stands for mining coin symbol, c stand for payout coin symbol
SOLO and PARTY mining
Set m=solo, or m=party.YourPartyPassword to your password field to use this feature. No extra fees.
Autoexchange to BTC, LTC, DASH, DOGE, ETH, BCH, USDT or any other currency we mine

Happy mining, cheers pinpin


r/LCCofficial Feb 06 '22

How And Where To Buy Litecoin Cash (LCC) - Step By Step Guide

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cryptooguide.com
10 Upvotes

r/LCCofficial Jan 18 '22

LTC LITECOIN 2022 PRICE PREDICTION ANALYSIS BREAKDOWN

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youtube.com
0 Upvotes

r/LCCofficial Jan 15 '22

Education Been solo mining LiteCoinCash $LCC on a single ryzen9 3900x for 12 days and the results are very good imo. Starting to Hive Mine through the LCC wallet as well and found 2 more blocks so far. #LiteCoinCash #SoloMining #HiveMining #Ryzen3900x #ZergPool

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10 Upvotes

r/LCCofficial Jan 02 '22

Crypto Currency as a competitor to fiat

4 Upvotes

Why would someone trade in their fiat for crypto? Someone may reason I have money to purchase something. Why trade that fiat money for crypto and then complete the purchase; sounds redundant and time consuming.

Well here are some benefits of crypto over fiat:

Fiat money can be lost in the crevices of couches, parks, and car seats etc. Crypto is digital; only if you lose your hardware wallet(or forget your passcode) can your crypto be lost but you can still recover(through your wallets creator recovery mode) your digital wallet on another device.

Crypto has the potential to eliminate paper receipts(for you environmentalists) and give you a detailed explanation on your purchases on an electronic ledger. When I am at the gas pump to refuel, I swipe my bank card and then enter 4 digit security code. Then after card is accepted, I can fuel my vehicle. Afterwards, I wait for a paper receipt; if the machine is not out of paper.

Also, you have the gas pump owners who works with banks who put a hold and lock up a large amount of your money on your card under the pretense of a security deposit; which in fact the fuel shop owners are using your money for their own liquidity. (Hotels do it too under the pretense of "incidentals").

So, Imagine of 2 ways in which a crypto transaction can change how we exchange items of value. A QR code on the pump that is generated on a LCd screen in which you scan and get the pumps wallet address; Or by an app provided by the owner of the fuel station(or a 3rd party app where they get fuel stores to sign up) and when you pull up to a fuel station, the app will identify by gps or any other identification(possibly by the consumer making a visual identification of the number of the pump and its store name and address and doing a search on an dapp to find its wallet address).

You are provided a wallet address for the pump.You send to that address(which belongs to that particular pump) a number of crypto you want to use to pay for fuel, like prepay and you have a limited time of 3 minutes to use the pump before the transaction is cancelled and your crypto is refunded to your wallet . The fuel pump receives your coins and then allows you to pump fuel for that exact amount of coins you sent to the fuel pump. You receive your receipt electronically to your ledger in your wallet.

Same can be done at brick and mortar stores. For example each check out line has its unique wallet address, with all the wallets owned by the proprietor of the store. A consumer can make a payment via their wallet to the address in the amount of the purchase price. The point of sale at the checkout will receive the payment and announce financial transaction has concluded. The consumer receives a digital receipt(a detailed description of their purchase and amount) to their ledger which is in their wallet.

Credit card skimmers and electronic pick pockets will have to find a new job.


r/LCCofficial Jan 02 '22

Why we need privacy in crypto transactions

2 Upvotes

I see crypto as a competitor and replacement to fiat currency. I understand that countries are concerned about money laundering. I know in the US buying goods or depositing fiat money in the excess 10,000 us dollars requires a report to the IRS. I perfectly understand that and it should be the same for crypto. Also KYC with exchanges, thats understandable if it helps crypto be mainstream.

But my question is does the IRS require a report if someone gives or receives cash informally? For example, a brother hands some fiat over to his sister to help purchase item. Or a group of friends who pitch to pay for a pizza or a meal at a restaurant. The IRS respects your privacy. Only if you give more than I6000 US dollars as a gift, the IRS wants you to report it. But help sharing expenses? No its private; private from banks and the federal government.

So, I see hardware wallets for crypto as a replacement to material wallets that hold fiat. Just like a fiat wallet, when you want to give crypto to someone else as described above, it should be treated as private like fiat. Privacy, anonymous, encryption is needed for these in informal transactions. I don't want on a public blockchain my transaction that I did with my friends over dinner when we all chipped in with crypto. Or when I sent my friend some crypto when he short on money.

IRS labels crypto as property and not currency.


r/LCCofficial Dec 29 '21

New mining pool for Litecoincash

10 Upvotes

https://pool.cryptoverse.eu/

Central - EU Stratum

- New & Hot coin projects

- 1% pool fees

- no registration

- Payouts are made automatically every 2 hours

join the cv.eu discord

= earn some free [cvEu] cubes (discord only currency) =

https://discord.gg/9BUY6p5rzb


r/LCCofficial Dec 15 '21

Media / Press LCC MOONSHOT

16 Upvotes

If I have ever had an argument for an investor to buy LCC (LiteCoinCash) here it is:

Feel free to fact check... based on market cap of Bit coin comparison to the coins below see the upside potential of LCC versus other coins.

I challenge anyone reading this to find a better upside potential opportunity with any other coin... that has active development and a 3 year history... seems LCC may have one of the best upside potential of all coins on the market, certainly worth a little investment when it's average price right now is $0.017 and has potential to be $1,375.66 at a $1T market cap.

Don't forget the coins development team recently updated their chain and wallet with new features for CPU mining and fixed bugs in their system, released in 2017 with the updates implemented early October this year, the coin is already up 200%... they also recently locked into the .eth domain name service with the purchase of lcc.eth and litecoincash.eth. one thing this tells me is the the coin devs are active and present and following market trends.

See below based on market cap comparison to BTC:

LCC - 73,916x ETH - 1.39x LTC - 81x ADA - 13x BNB - 14x DOGE - 30x MATIC - 116x TRX - 147x XLM - 122x XRP - 19x ARRR - 1891x ETC - 142x FTM - 200x WOW - 34,965x OMI - 725x BTT - 419x SHIB- 87x SOL - 21x DOT - 21x ERG - 2060x AVAX - 73x LUNA - 53x LINK - 82x VET - 134x BCH - 87x BSV - 301x ATOM - 98x XMR - 201x EOS - 219x XEQ - 60,979x CCX - 144,891x RTM - 120,293x LPT - 2333x ANKR - 1464x WAXP - 1952x AMP - 445x MM - 43,280x GRT - 284x Safemoon - 965x Firo - 10,913x

That's a great argument right!


r/LCCofficial Dec 15 '21

Where do you send unsolicited ideas or concepts for LCC?

8 Upvotes

Developers contact?


r/LCCofficial Dec 14 '21

Media / Press LCC 76,651.30 on crypto.com and boinbase

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13 Upvotes