The year has come to an end and the founders of major cryptocurrencies continue to boost the exposure of their respective coins. As such, Litecoin creator recently announced to feature ‘LTC’s logo into the UFC octagon for the first time. Consequently, the same has been discussed on twitter which was recently criticized by the founder of Canada’s bitcoin company, Bull Bitcoin. Addressing Lee’s Tweet, Francis Pouliot, Bull Bitcoin’s CEO calls ‘Litecoin a useless shitcoin and Charlie Lee the bad look man’.
The tweet reads it as follows;
Litecoin is a useless shitcoin. The Litecoin Foundation pumping it to UFC fans serves no purpose other than $LTC bagholders dumping on greater fools
— Francis Pouliot 🐂₿ (@francispouliot_) December 26, 2018
Claims and Arguments on ‘Litecoin is a useless shitcoin’
As per a latest announcement by Charlie Lee, Litecoin has officially tied up with UFC 232: Jones Vs Gustaffson which is staged for December 29, 2018, in California. UFC will feature the logo of Litecoin on the octagonal fighting canvas which will eventually boost the exposure of Litecoin. Nevertheless, Lee’s announcement took a negative string, as many crypto peers pointing ‘Litecoin serves no purpose’. Very soon, the tweet caught the eyes of many crypto enthusiasts where few agree to Francis’s view whereas few denied.
As against to Francis claims, one of the members of Litecoin community argued that ‘calling Litecoin a shitcoin is like calling bitcoin shitcoin‘, noting that;
It’s a nearly identical clone but running scrypt. It can’t be dumped by saroshi. It’s CHEAP, it’s fast, fees are lower and it’s on every exchange… I get you Maximilist…but if 99% then 20 are left.
As such, the other supporter argued ‘calling LTC a Ponzi is the same as calling Bitcoin a Ponzi’.
LMAO…. Calling LTC a Ponzi is the same as calling Bitcoin a Ponzi.
While there is a significant possibility that BTC will be the only to survive the coin wars… “There is no room for more than one” is naive.
It’s way too easy to accept both, for one to magically die off.
— Lightning Master Hub ⚡ [BTC LTC] (@LN_Master_Hub) December 27, 2018
On one side, the argument continues on social media, and on the other side LTC is all set to receive greater exposure from millions of viewers at the UFC event tomorrow (December 29, 2018). As announcement read, featuring LTC logo on the fighting ring’s canvas will likely drive mainstream attention from the peers who may not even be familiar with crypto.
Stay tuned to know what tomorrow’s event will add the value to LTC cryptocurrency with coingape.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com