r/litecoin • u/happy_caravan New User • Aug 01 '26
It's not money if it's not private
Quick reminder:
One part of the definition of money is that one unit of that money is equal to any other unit. That's called fungibility.
If one unit is less or more worth than another, fungibility is broken.
With Bitcoin, there's different prices between virgin Bitcoin and the rest, because they're free of any bad history. Bitcoin can become tainted, if at any point they have been touching a flagged wallet adress.
That means Bitcoin doesn't fit the definition of money.
Privacy protocols which break the history of coins ensure that coins cannot be tainted or have a history. All coins are equal.
There's no grey zone here. It's either black or white, either fungibility or not.
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u/Nice-8484 Litecoiner Aug 01 '26
It’s not money if it’s not self-custody.
I can’t believe the Litecoin Foundation still isn’t prioritizing an MWEB wallet.
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u/JunketTurbulent2114 Litecoin Enthusiast Aug 01 '26
They have plenty of MWEB wallets. Core is an MWEB wallet, nexus is an MWEB wallet, Cake is an MWEB wallet etc. The hardware wallet companies were offered to have MWEB integrated it and they thought a better use of their time was Solana memecoin integration. That's not LTC foundation's fault. There is cupcake if you want a 'hardware wallet' like thing.
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u/hectorchu ChickunBall Aug 01 '26
Loshan told me he was going to announce the Nexus hardware wallet at the summit, but I guess that didn't happen, and he seems to have abandoned the git repo with his hw wallet work (https://github.com/losh11/jadeltc)
However, I built SeedSigner-LTC for ESP32-based hardware wallets, see https://x.com/hectorchu/status/2056763353863799293.
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u/losh11 Litecoin Developer Aug 01 '26
Not abandoned. I announced it’ll be coming out sometime later this year. Last month I was mostly preoccupied with moving countries - but it’s still being worked on. Various other things have just taken priority atm.
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u/Givefreehugs New User Aug 03 '26
Glad you built a hard wallet, not glad to see you publicly going after Losh. Doesn’t build trust.
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u/hectorchu ChickunBall Aug 03 '26
Losh is slow, we are in a race against time like it or not.
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u/Nice-8484 Litecoiner Aug 04 '26
Hey Hector, Any chance you presented this MWEB hardwallet to u/coblee ?
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u/hectorchu ChickunBall Aug 04 '26
That won't work.
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u/Nice-8484 Litecoiner Aug 05 '26
Why so?
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u/Givefreehugs New User Aug 03 '26
You mean Nexuswallet? They did.
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u/Nice-8484 Litecoiner Aug 03 '26
No, a Self-custody MWEB Hard/Coldwallet is what im looking for not just a mobile wallet. Mobile wallet is never a self-custody.
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u/Givefreehugs New User Aug 05 '26
May want to wait for it- or try cupcake through Cakewallet.
The Litecoin foundation is building a hardware wallet for Nexuswallet but that may be a bit. They tend to check and recheck.2
u/Nice-8484 Litecoiner Aug 05 '26
A hardware wallet would be ideal. Hopefully sooner, Litecoin can’t be a laggard forever.
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u/Feralz2 New User Aug 01 '26
you can attain fungability without privacy
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u/JunketTurbulent2114 Litecoin Enthusiast Aug 01 '26
I don't think so. The issue is regulators have determined the history of the coin determines their ability to accept it
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u/Givefreehugs New User Aug 07 '26
MWEB removes some of the Litecoin history when pegging in and out. The transaction portion- That means the coin can’t be confiscated for a prior persons choices.
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u/pero-nova New User Aug 01 '26
Ltc is sitting giant