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Litecoin|Jan 26, 2025 16:50
October 2021, letter from CEL signed.
November of 2021, contact between CEL and Litecoin Foundation commenced regarding assistance.
Six months of meetings/consulting starting in January of 2022
June/July of 2022: Radio silence from CEL and Bitcoin is steamrolled ahead & fully Bitcoin only.
15 MW of Bitcoin mining rigs were planned for containers. The foundation's request was a more than reasonable monthly advisor fee and 1 container of Litecoin mining rigs to be added within the El Salvador mining operations at some point during the advisory process.
During this advisory time, the Litecoin Foundation were told about the lack of excitement around Chivo wallet, Strike, and the fact others were jumping all over them from different crypto communities, including Bitcoiners, trying to get involved and get some press from the positive things President Bukele was trying to implement for the country. The foundation was honored to have been sought out as a trusted source that would understand the overall benefit to implementing the complex operations they were aspiring to do and not undercut or take advantage of Bitcoin or the El Salvadoran government.
The fact there was zero communication after June and the ramping up of a 'Bitcoin only country' campaign was in full swing, it was clear a person or group of persons had overtaken the efforts and squeezed the Foundation out of the picture. No transparency. Nothing fair about it. All Bitcoin driven.
Even so, Bitcoin and Litecoin is a strong complementary union when the strengths of both are taken together. But that's not what those who run the Bitcoin narrative desire then or now.
Litecoin supports Bitcoin and a US strategic crypto reserve, but it doesn't support underhandedness, intentional suppression of a free market, and the politicizing of a decentralized future of money that can be used by every country, company, and individual.
This was one instance and a fairly big one to feature, but felt the need to share in order to back up such a claim.
I know there are apparently too many big words for you in here to read Jack, but it's the truth. So I added a couple of pictures for you to make it easier. There's crayons in the back of the room if you want to color it in later, but no eating them. Other kids in the class will want to use them as well.
Have a great Sunday everyone.
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