Update: Charlie Lee debates with twitter over confidential Litecoin transactions

29 Jan, 2019
by David Borman
Privacy
Update: Charlie Lee debates with twitter over confidential Litecoin transactions

After initially going to twitter to announce the development of confidential transactions for Litecoin, Charlie Lee stuck around to discuss the implications and alternatives with the community. Some choice exerpts are captured here.

The initial tweet which started it all announced a need for fungibility with Bitcoin and Litecoin. Fungibility is basically the interchangability of units in a given currency. Arguably, Bitcoin and Litecoin and similar coins lack it because all funds sent have an immutable history, thus making it possible for coins to be "tainted."

This led to a fairly long discussion with twitter about this decision, and others affecting Litecoin. Many people simply had questions concerning this announcement:

Many users simply wanted some ideas as to when we could expect this and in what form. Then there were debates over whether or not there really was a fungibility issue:

Some debated Charlie Lee's right to act as "authority," which he dismissed that he was:

There was also some debate as to whether the issues caused by scaling have truly been solved:

Ultimately the thread makes for a good read as twitter users pick the brain of Lee and trolling is kept at a minimum. Stick with Chepicap for any and all updates as Litecoin eyes rolling out confidential transactions!

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