According Bitcoin Warrior, Holders of Litecoin will receive 10 Litecoin Cash per Litecoin...
Read the new here: https://bitcoinwarrior.net/2018/02/litecoin-cash-is-coming-but-theres-some-controversy-about-its-legitimacy/
Seems that the current rise is justified...
Would you buy more Litecoins now?
Enjoy Cryptoland!
The good point of this new tendency of hard-forking instead of performing an ICO i sthat you don't need to provide your private keys to anyone when they fork. As long as you own those keys, the forked tokens belong to you.
Also interesting the 1:10 ratio instead of the common 1:1 one.
Yes! seems that this 1:10 option is moving the rise
What I see for this ratio is that the new LTC-Cash token will be valued 10 times cheaper as the LTC one.
They are explicitly saying people that, although the new hard-fork wants to be better -a faster block speed-, their tokens will be cheaper. They get 10 tokens for every LTC. And those new tokens are for a blockchain that is supposed to be faster -and so better- than the original one.
Looks like a scam to me.
Anyway, I don't own any LTC, so that is not affecting me.
Or it could be that they want it genuinely to be worth less so it is more useful as a currency, instead of just being a value holder like BTC. Time will tell...
In any hardfork, the resulting coin is always cheaper than the original, independently if it´s an scam or not
Yes. But that is once they are tradeable in exchanges. And that's free market who price it, not the forkers.
Interesting @toofasteddie
i wonder if kraken holders will recive.... i'm still waiting for my bitcoin gold