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Litecoin [LTC] adoption takes another step; sponsors UFC fighter “Funky”

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Litecoin [LTC] adoption takes another step; sponsors UFC fighter "Funky"
Source: Unsplash

Litecoin, the eighth largest cryptocurrency in the world has been at the forefront when it comes to real-world use-case and adoptions as compared to Bitcoin or cryptocurrencies.

Litecoin also became the first cryptocurrency to get into the octagon as it sponsored a UFC 232: Jones Vs Gustaffson fight which was in December 2018. As per the recent tweet by Ben Askren, a UFC fighter said that he was glad to be have been sponsored by Litecoin.

He stated in the video posted on his Twitter account saying:

“I just wanted to thank you for the sponsor for UFC 235, I’m especially honored to represent you guys ’cause you guys are a cause that I believe in. Obviously, I hold a lot of Litecoin myself and I think its great when not just do I get a sponsorship, but I get on that I believe in, that I think can help make a better future.

Askren continued to thank the Litecoin foundation and the community for making this sponsor happen and said that he will try to take Litecoin to the next level.

Charlie Lee tweeted the video with a comment saying:

“I’m excited to see the community (#LTCEastCoastTeam & #LTCWestCoastTeam) come together to support @Benaskren. Litecoin Foundation takes no credit for this. Good luck in UFC 235, Ben!”

Moreover, the recent sponsor by Litecoin was successful as Litecoin’s logo “LTC” was on the canvas during the fight night. This would allow Litecoin to be witnessed by millions of people during the match and help put it on a fast track to adoption.



@mrilirigashi, a Twitter user commented:

“Price is lagging adoption, and Litecoin has a lot of it. Once the price of the market catches up then you’ll see Litecoin continue to thrive in the future. We’re not focusing on price, we’re focused on bringing adoption since that’s what will move us out of this bear market.”

@lismightydavis, another Twitter user commented:

“It ain’t the foundation @Benaskren , it’s the individuals in the #litecoin community! #LTCFAM”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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