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    Home Unlabelled Litecoin AMA with Abra Global CEO Bill Barhydt April 2, 2018 @3:00pm EST

    Litecoin AMA with Abra Global CEO Bill Barhydt April 2, 2018 @3:00pm EST

    March 29, 2018

    Litecoin AMA with Abra Global CEO Bill Barhydt April 2, 2018 @3:00pm EST

    AMA with Abra Global CEO Bill Barhydt April 2, 2018 @3:00pm EST

    Posted: 29 Mar 2018 10:53 AM PDT

    AMA With Abra CEO, Bill Barhydt April 2,2018 @ 3:00pm EST, 2:00pm CST, & 12pm PST

    Hello everyone! Since the release of Abra's app, /u/ecurrencyholder and I have been working to get an AMA with Bill.

    I ask that we as a community take time to put together questions with serious thought and clarity.

    If you are unfamiliar with the app or have questions regarding future implementations and additions, now would be a great time to ask! If you have access to the app tinker around with it and become knowledgable so we can ask informed, concise questions.

    See you all there!

    Bill & Abra Global can be found on Twitter @billbarhydt and @AbraGlobal

    For those who aren't in Eastern Standard Time Zone, the AMA will take place

    12:00pm PST 2:00pm CST 7:00pm GMT

    submitted by /u/Orbitzz1
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    My Beef Jerky company now accepts Litecoin

    Posted: 29 Mar 2018 02:09 AM PDT

    Get paid in Litecoin with a new crypto invoicing app for freelancers

    Posted: 29 Mar 2018 09:56 AM PDT

    The Rise of Litecoin's Privacy Over Monero

    Posted: 29 Mar 2018 03:18 AM PDT

    I just got this email at work. Company wide. Pardon my picture of the screen.

    Posted: 28 Mar 2018 01:27 PM PDT

    To all the weak hands.

    Posted: 28 Mar 2018 07:05 PM PDT

    Your constant complains that you have lost an X amount of money due to the price falling is your own fault. You invested in crypto for a quick profit believing that the rise in price was never going to stop. The decision was yours , there was never a 100% guarantee of profits. But instead of bashing LTC in every forum and giving new comers a terrible first impression of it , just take your loss and leave the game. Thanks alot👍

    submitted by /u/ChildlessRealist
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    Litecoin Adoption on the Dark Web is Surging Quickly

    Posted: 28 Mar 2018 08:20 PM PDT

    Besides Reddit, where do you get your latest and most accurate crypto news from?

    Posted: 29 Mar 2018 08:44 AM PDT

    I want to mostly use only Litecoin

    Posted: 29 Mar 2018 08:22 AM PDT

    Someone help me out?? i want to contribute to #paywithlitecoin Im looking for the BEST way after i exchange my fiat to Ltc then to buy off sites like amazon or walmart? i know these sites dont accept cyrpto but what third party can i do this with? (Gift cards?? anything else??)

    submitted by /u/Born2LoseBuilt2Win
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    /r/Litecoin there is only one LTC event added to this crypto calendar! Can you add some to help keep people up-to-date?

    Posted: 29 Mar 2018 11:34 AM PDT

    03/28/2018 Abra Update

    Posted: 28 Mar 2018 03:24 PM PDT

    Hey guys,

    I do not want to make a habit of making an announcement for announcements or anything like that. However, I do want to provide an update since we've been getting a lot of the same questions. One thing to note: we do not have transaction fees or any other kind of fees (except btc withdrawal mining fee), but we do have a spread of around 1% for currency exchanges. For more info: Abra.com/fees

    We are starting to test synthetic currencies based on the Litecoin network in production beginning next week. There are a lot of factors between starting and using LTC on the backend almost exclusively, so it will be gradual. At the same time, we'll be adding the remaining 7 cryptocurrencies to bring our total count to 20 cryptocurrencies. All of these except for Bitcoin will be synthetic, so you will not be able to deposit or withdraw them. We want to be explicitly clear here regarding that. Also, if I was unclear in my previous posts regarding the transition to LTC network on the backend, my apologies. It will be a gradual rollout.

    Native LTC deposit and withdrawals are poised for late April 2018.

    With respect to another common question of : Will Abra actually hold any LTC to back its smart contracts? Our answer is : Abra maintains appropriate controls and sufficient liquidity to facilitate on-going settlement of our users' smart contract hedges.

    The following only applies for users using a US bank account or AMEX card. We do have security protocols which will inevitably anger some. We do have KYC as well as all of the other required regulatory processes. We also have our in-house security protocols that will restrict users. Some are hard reject (permanent) and some are temporary upon submission of additional documents. We are unable to disclose the reasons for restricting users for security reasons. Basically, we do not want to help fraudulent activity learn our processes and "game" us. We understand good actors will be restricted, sometimes permanently, and we will be continually improving our protocols to drive false negatives down and build increasingly stringent protocols. Our banking partner also has their own security protocols as well, some of which we are unable to supersede. We are working on productizing it, as we know an email request with a link for uploading will make people question our policies or doubt the security of submitted information. The information uploaded is encrypted and stored securely. You are always welcome to verify that it is us before submission. We do not share or sell your information and we take user information and security seriously.

    Abra was founded in the Silicon Valley and we have always stayed in the area. We do have a base in the Philippines, but we are not based out of the Philippines. I'm actually not sure where people are seeing that we are headquartered or operate solely out of the Philippines.

    We still do not want to talk about "what happens to the LTC price" or any discussion of price. We will not be speculating on what will happen to the price of Litecoin or any of the other coins due to using the Litecoin network on the back end. Also, my disclaimer: I do customer operations, so I am unable to answer technical questions or hedging questions. Regarding hedging, it's not my place to discuss it. There are several reasons for this, the way we do it is proprietary, I do not work alongside the hedging team, and I do not understand it to make public statements on it (as well as others).

    We rolled out support via Telegram and Twitter. Twitter: https://twitter.com/Abra_Support Telegram: https://t.me/abra_support_bot

    As always, I'm available for questions, comments, concerns, etc.

    Thank you for taking the time to read!

    -Ryan from Abra

    submitted by /u/RyanfromAbra
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    Bearing vs bulling and the comfort of the community

    Posted: 29 Mar 2018 05:08 AM PDT

    I've been mostly a lurker, trying to find advise from this place. only with the latest fall I've decided to add a couple of words.

    What surprises me is that only a few people seem to be concerned with the immense drop. don't get me wrong, I understand that in the end, there is very little one can do, besides wait, let the bears do their job, and then see the bulls do theirs. And it takes a strong will to just grit your teeth, and watch as the whole thing crashes 18%, but unflinching take it, and to wait until it changes direction (and strangely, as I am typing this, it went from 17,36% to 14,16% - so yaay for that).

    I guess what I am trying to say, I find comfort in the litecoin community

    submitted by /u/CoffeeAndNews
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    Fascinating research by @fundstrat: historically most of BTC/LTC annual return was delivered over just 9 days (avg) out of the year. Hard to know which days will be drivers. A merit of HODLing.

    Posted: 29 Mar 2018 11:01 AM PDT

    What Happens Next For Litecoin (LTC)?

    Posted: 29 Mar 2018 08:28 AM PDT

    Honestly, I'd much rather have a (Litepay) 3rd party merchant fail than have the week these other cryptos are having.

    Posted: 28 Mar 2018 07:02 PM PDT

    Kucoin, China's largest crypto exchange, just de-listed bcash trading pairs because it turned out to be "far less popular than they anticipated" representing "less than 1% of all trading". Eth is shooting itself in the foot right now by proposing new "rent fees" when they should focus on proving that there platform can handle a few dapps at once and is even worth using in the first place before trying to add new charges. Verge is smelling scammier every second with this "fundraiser to secure a big partnership" as if a real partnership with a decent business would ever have some cheesy, secret crowdfunding escapade. I guess if I had to pick a coin that had a better week than LTC, I'd have to say Monero because they made a lot of people happy by promising to fork their coin for a.s.i.c. resistance but I honestly don't see how a 3rd party failing to follow through on something is bad for Litecoin. Personally, I see Litecoin as the only major coin other than BTC that hasn't run into an arguably damaging problem this week. Litecoin would have gotten more use with Litepay. That's use that would have been nice but we won't have to miss it. BCH will have less use by having its pairs de-listed on China's largest exchange and ETH is visibly pissing off developers with the proposal of more fees.

    submitted by /u/I_am_Jax_account
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    Is Xinxi going to take over litepay?

    Posted: 28 Mar 2018 09:02 PM PDT

    In less than 5 years people will unknowingly be using LTC, unlocking trillions.. There will be more money flowing thru LTC network in ways we can't imagine yet. Hold on tight.

    Posted: 28 Mar 2018 06:12 PM PDT

    In the original Satoshi messages, Hal Finney said there's 100 trillion dollars of wealth on the planet, which would make Bitcoin $10 million per coin. Factoring in alt coins, the number may be diluted a bit, but being that Litecoin is paired so close with Bitcoin, I'm putting my money where my mouth is with Litecoin.

    The more I watch these Blockstack videos, the more I see the cat is out the bag. There will be more money flowing thru litecoin in ways we haven't imagined yet. Institutional money will make up a bit, but what im really excited about is the world operating on top of this internet of value, which would make up way more money than the banks could put into it.

    Litepay is a teeny tiny blip in the history of Litecoin and nothing compared to where we are headed. As long as we stay the course, we will get there.

    EDIT for the non-believers To everyone saying i'm full of S .. don't take my word for it, check out the first email reply ever to Satoshi from Hal Finney, (Many believe Hal WAS Satoshi) from which I referenced. https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html

    submitted by /u/phreak303
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    Some questions about the status of Litecoin.

    Posted: 29 Mar 2018 11:58 AM PDT

    Some questions about the status of Litecoin, Litecoin Foundation and Charlie.

    A small introduction first. I'm very new to crypto – a newbie – one would say, since late last August. Mostly involved with Litecoin, the currency I preferred to deal with and traded rather successfully. The reason I'm writing this, is for those who may think that I'm posting this because I lost money or something and I'm being a butthurt. I didn't lose money, au contraire. I'm writing this because I DO care about Litecoin.

    Recent events and some not so recent, have put me in thoughts and made me doubt the integrity of key people of the Litecoin team. Of course I understand that I may be paranoid, however I think that the questions I will post below are legitimate.

    I will start from the most recent event. The LitePay fiasco. So, two-three days ago, it was announced by XinXi (LF) that LitePay will shut down, they want more money from LF, etc. etc….wait what ? LF funded LitePay ? Okay, fair enough, helping a company which will help the product of which you're a foundation. So far so good. But why was this relationship disclosed only after it was revealed that LitePay wants MOAR money and that it probably was a shabby business ? How was due diligence performed? Reddit users managed to find in a matter of minutes that LitePay's owner was FTB closed. Why couldn't LF do a proper due diligence ? Also, back in February when LF and Charlie were more than happy to announce and advertise LitePay, the price soared but they NEVER mentioned that LitePay was funded by LF. Why it was not disclosed back then? Why was it disclosed only now that it failed ? That would have been the transparent thing to do. Please don't throw the "you could have checked the LF reports to see where they give their money" BS. You were more than trigger happy to advertise LitePay, but hid the fact that you funded them.

    So tl:dr;

    a) Why couldn't LF make a proper due diligence and find out what kind of person LitePay's owner was, when reddit users could ? b) Why was it kept a secret that LF funded LitePay, only to be divulged when it failed ?

    Were I paranoid I would say the following: "LF did proper due diligence, they knew it was a scam, still they advertised it, having bought LTC just before and then sold later. The scammy nature of LitePay is announced way later, to dip LTC prices even lower".

    Litecoin Foundation is supposed to care about LTC. Thus, it needs to be extremely honest and transparent with whatever it does, because whatever it does, can and will influence LTC's price. Hence, if LF really cares about LTC, it should thoroughly answer all of our concerns. The fault of LitePay's fiasco lies 100% with LF and measures should be taken.

    Now, about Charlie. Actually I have only one question as a starter:

    Does or does not Charlie care about Litecoin ? If the answer is NO, then any of the following comments and questions do not matter. So, I will continue, having YES as an answer.

    Charlie, if you DO care about Litecoin, I guess you also care that its price does not get manipulated, by anyone, including you, right? If the answer to this question is also YES, then:

    a) Charlie you do have ~750k followers on Twitter b) You are an intelligent person c) You are Litecoin's founder

    Given a) b) and c) we derive that Charlie knows for a fact, that whatever he says (about crypto) can and will have an effect (=manipulate intentionally or unintentionally) Litecoin's price. Do you wish to have an effect on price ?

    Of course you have the right to free speech, just like anyone else, none's denying that. But, if you also do not wish to have an effect on price, why don't you just make another Twitter incognito account, where none knows you and you can say there to the "wind" whatever you want to say ? Wouldn't that be the wise thing to do?

    I'm saying this, because a lot of the things that you have said have had a major effect on Litecoin, for example you selling your LTC, cryptically talking about a multi-year bear market, advertising LitePay and so on and so forth. I will even mention some of your interviews, where I was thinking da fuq dude, he is saying all the wrong things, does he want Litecoin to sink? (I'm referring to an interview in September 2017 where you said "Ok criminals can participate in crypto, that's the nature of it, nothing we can do" – more or less that was the point you made when asked). I do not blame you for your bad PR skills (were I paranoid, I'd say they weren't bad PR skills, just calculated words), I sort of understand, I'm not very good either talking in front of an audience.

    Continuing with the "Charlie cares about Litecoin and Charlie is Litecoin's founder" train of thought, I think that Charlie should be very transparent on what holdings he has/had on both Bitcoin and Litecoin. It's not a matter of privacy at all, we all know that Charlie is worth millions. But he sold (some) of his LTC and (some) he donated to LF, right ? Someone may think, did he buy later? Yes? No?

    If you do indeed care about Litecoin, your LTC and BTC holdings should be public. Because as the saying goes Caesar's wife not only should be honest, it should appear too. Only if your LTC and BTC holdings and addresses are public then can the community KNOW that you are not engaged whatsoever in any sort of price manipulation. This is the only way one can gain trust. This is the only way – in my humble opinion of course – that trust may be gained again.

    Last but not least, Charlie do you care about Bitcoin and if so, is it more important to you than Litecoin? It's not wrong if you do, but the community needs to know where your loyalty is.

    Of course technically speaking LF and Charlie don't have to answer or be elaborate on whatever they say, but that would be telling. The community needs a good, sharp, clean, honest and transparent leadership, because the community has the right to know, since they are not investing beans or monopoly money, but real hard earned money.

    submitted by /u/andxf
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    Arise!

    Posted: 29 Mar 2018 06:13 AM PDT

    The best wallet for LTC?

    Posted: 29 Mar 2018 12:32 AM PDT

    I cant use Abra, since i dont live in the US. I wanted to use CoinBase, but hear alot of bad reviews. Any other good wallets?

    submitted by /u/Donenzone1907
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    Let’s get Silicon Valley to invite Charlie Lee for a cameo

    Posted: 28 Mar 2018 01:22 PM PDT
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