1/10/2023 0 Comments Mweb litecoin![]() Freedom-loving politicians need to be fighting this. They want to use the fact that public blockchains post everything, as a means to force every transaction to be linked to one's complete, full identity. I mean, every law and proposed regulation I see coming is based on requiring even more exposure to personal data. But, what if it comes at exactly the time where the greater governments of the world decide they're going to lower the hatchet on privacy coins? So, with MWEB, we get yet one more thing that Litecoin promised, and now seems like it is able to deliver. Ignorance doesn't seem to be providing them much bliss, but that is the battle we're watching. But, at the same time, the underlying "type" of each coin seems incredibly easy to define in my view. Constitution, banking laws, securities laws etc., because the actual technology makes all of these instruments something governments simply don't have a ruler for. We're entering territory where the rules of technology don't apply to specific protections we have under silly little things like the U.S. Our interests, in the crypto world, for greater privacy is largely fueled by a need, no longer just a desire or ideology, but a need for privacy as a protection from government over-reach. The governments' desire is to gather data, and use it to their advantage. They do not want crypto to function better than any alternative currency or financial instrument they can oversee and control. Privacy is the one hot button issue that governments of the world hate. ![]() So, unless that is the actual blind spot in the project, it's a low risk upgrade that is also massively majorly important. It appears that it will work, it probably won't go buggy, but if it does the parallel chain can be halted while the main chain simply continues forth. It means that Litecoin essentially remains exactly the same, while also having the new potential for deepened privacy. It is like having the option of coinjoin in a side chain. So, Litecoin will be adding MimbleWimble, MWEB, which offers some cool types of fungibility and, for the purposes of this post, privacy. Bitcoin can't afford the catastrophic effects of a bug, and neither can Litecoin, but small risks to the technically theoretical take place here and there, and what is logical and central to Litecoin's creation, holds true for big bro Bitcoin. Litecoin is often also seen as a live testnet for Bitcoin. When there were concerns that Charlie Lee, the creator, could hoard his Litecoin stockpile, he sold all of his coins so no one could perceive the project as centralized, or serving its master. While dozens of new projects are added to the crypto inflow daily, working on privacy, or working on cheap fast transactions, or working to be better peer-to-peer ecash, Litecoin accomplished those improvements a decade back. In fact, as long as there is a little volume coarsing through its veins, the entire point of LTC is zero-hype functionality. One of the most under-rated projects for all the right reasons, Litecoin is still silver to Bitcoin's gold, and for those repeating the California gold rush in their quest to leap from one pump to the next, one potential swap chain or DEX to another, they often think that the gap in ranking between BTC, ETH and LTC means Litecoin has lost its relevance or importance. It's a shrug of the shoulders, but it's there nonetheless. "If anyone says crypto and not Bitcoin- block 'em, unfollow 'em".īut then, something funny. ![]() You will see strong anti-crypto sentiment. Many in the Bitcoin community will tell you "Bitcoin, not crypto" and I get it.
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