Bitcoin ‘Is The Better Decision For America’: Litecoin
Litecoin (LTC), the “silver” to Bitcoin’s “gold,” has made bold statements regarding the ongoing infighting in the cryptocurrency industry.
Notably, there has been internal strife among key players in the crypto space over the move to establish a national digital assets reserve.
This marks a shift from the anticipated Strategic Bitcoin Reserve projected by BTC proponents.
Litecoin’s position, spelled out in an X post, acknowledges that a Strategic Bitcoin Reserve remains a better option for the U.S.
The post also emphasized that despite its support, it was time for BTC Maxis to stop disrespecting the chain, given its active role in Bitcoin development.
Litecoin Defends Its Legacy and Role in Bitcoin’s Growth
Litecoin makes it clear that it is unwilling to tolerate further disrespect and mistreatment or allow Bitcoiners to ignore its contributions to the development of BTC.
– Advertisement –
It called on all stakeholders to move beyond past occurrences and build bridges that would benefit the crypto industry.
Litecoin debuted in crypto in October 2011 when Charlie Lee forked the Bitcoin blockchain. Lee designed Litecoin to complement Bitcoin by offering faster transaction times and lower fees.
Litecoin has supported and helped Bitcoin for years. Charlie stuck his neck out financially to invest in it, defend it, and test for it only for maxis to cut him and I off at the knees, smear us, ignore us, and mock us.
El Salvador’s national energy company (CEL) contacted… https://t.co/JtyVhc0VH5
— Litecoin (@litecoin) January 25, 2025
As restated in the post, Litecoin and Lee supported BTC for years by investing in it, defending it, and serving as a “testing ground” for Bitcoin-related innovations.
A prime example of this is the Lightning Network transaction.
Regarding infrastructural support, Litecoin also played a role in relieving Bitcoin congestion and experimenting with new technologies.
All these were to BTC’s advantage as it helped the blockchain to grow.
However, as stressed in the post, Litecoin’s efforts were either unrecognized or unappreciated by the Bitcoin maximalist.
Strategic Bitcoin Reserve Debate
Litecoin also addressed the wrangling over the Strategic Bitcoin Reserve controversy. Notably, the network commented on issues that Jack Mallers, Strike CEO and co-founder raised.
For context, Mallers alleged that Ripple is actively lobbying to halt a Strategic Bitcoin Reserve. In its place, Ripple is pushing for their centralized, corporate-controlled token, XRP.
Mallers maintains that he would fight against such a move as it would ultimately decide the future of money.
He emphasized the issue borders on whether the future of money lies with the people or a few corporations.
Litecoin’s post suggests that while BTC remains a better option for the U.S. government to adopt, it highlights Bitcoiners’ past errors.
It noted that Bitcoin dealt Litecoin with the same underhand tactics, particularly in El Salvador.
Litecoin accused the Bitcoin community of actively preventing Litecoin’s growth by blocking its integration into different platforms and companies.
It claims that such moves delayed the progress of Litecoin within the crypto industry.
However, it maintained its resolve to remain resilient by stating,
“Let them fight over being money for the government. I’ll keep fighting to be money for the people. Integrity matters.”
Litecoin’s Continued Progress Amid Challenges
Despite the alleged hurdles from the Bitcoin community, Litecoin has continued to make headway in the crypto space.
As recently reported by The Coin Republic, Coinshares, a leader in crypto exchange-traded products, has officially submitted a filing for a Litecoin exchange-traded fund (ETF).
Coinshares submitted an S-1 registration to the United States Securities and Exchange Commission (SEC) for Litecoin and XRP.
This sets Coinshares apart as one of the only companies focused on exploring altcoin-based ETFs in the U.S. market.
