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Litecoin Meta: Digital Silver To Rule Them All๐ฅ The Aggregated Ep. 155
Recorded: March 27, 2026 Duration: 2:26:09Space Recording
Full Transcription
Thank you. Thank you. you
gmgm everybody we're just letting everyone filter in for the first five minutes i think uh
panda will add some music in just a second or have you already added it the music was there from me now it's gone
okay i can't hear anything
we'll start shortly, everybody. Thank you. Thank you. All right, we're still waiting on a couple more guests to join.
If you want to join the panel, go ahead and click request in the bottom left hand corner
of the screen
this is episode 155 of the aggregated the litecoin meta i'm extremely excited to kick
this off in just a second waiting for a couple more speakers to join the panel here today. Thank you. Thank you. All right, everybody, I'm going to go ahead and kick this off.
I think we're still waiting on a couple of people.
Everyone will join whenever they can.
So I just want to say good morning to everyone on the
panel currently thank you for being here I know it's uh everyone's taking time out of their Friday
to join us and I can't wait to kind of dive into the Litecoin meta what it means and just uh catch
up with everybody.
Hey, son of a light.
Hey, Luke.
Good to see you guys.
How are you guys doing on this Friday?
Good, good.
Thanks for having us.
And yeah, excited to get into this talk.
It's a nice day out here.
Finally, winter's ending.
Spring is coming around. So it's a good day.
Beautiful. Yeah. around so it's a good day beautiful yeah i i recently woke up and uh sun's out looks like a beautiful day outside beautiful blue sky so um yeah let's jump in guys so basically i think uh charlie lee might join us
as well um i was waiting to see if he would join here i guess
he might be running a little late um but uh yeah i want to say shout out to um everyone here also
uh crypto com had added a bunch of uh shout outs so you know, I'll go ahead and kick off the space
with some awesome metrics and shout outs here.
So, you know, Light Strategy has been killing it.
They had a great last year
with management of the treasury,
Luxfolio also now mining and supporting content creators,
Canary Capital also holding a good amount of Litecoin.
And so there's just a lot going on,
LitVM, Testnet coming very soon.
Shout out to LiteStrategy and LitVM,
Litecoin account here,
all the Litecoiners that joined us today.
There's a lot going on in the Litecoin meta.
And when I say Litecoin meta to me
and to a lot of people that use the phrase,
it just means that there's a lot going on
in the Litecoin ecosystem.
And this is only growing.
So it's great to see all the innovation happening
on Litecoin nowadays.
And I guess my first question to the panel
is about the Litecoin meta and how you guys see it
and how large do you think the Litecoin meta and how you guys see it and how large do you think the Litecoin meta will
become so I'll go ahead and kick it off to you guys here and if you're new to the show basically
we you know you don't have to raise your hand just jump in it's like a bunch of friends talking around a table. So Luke, I'll kick it off
to you. Sure thing. Yeah, I think Litecoin's position itself, it has been for years, right?
It's just kind of building in the background. Some would say kind of like a dark horse. It's been around.
It hasn't stopped.
So it's positioned very well.
It's kept up with all of the changes that some of the other OG chains,
we'll just say like Bitcoin with different things like runes, ordinals, RWA's, ETFs,
all the different financial style avenues it's kept up with.
So I think it still positions itself really well.
I think it still needs to find some of that community,
which I believe is what a lot of people are driving.
And a lot of these like you guys, Light Strategy, Luxfolio
has been bringing more community into that,
as well as other investors, other different avenues for creators, like you said,
I think that's really good.
So with the creators being able to earn a little bit
or kind of partner in certain ways,
I see how this is gonna pan out very favorably for Litecoin,
as well as how the foundation does a great take every year on their events
that they host. This year, they're in Amsterdam, so make sure you're at that if you're able
to. That's in June. But yeah, I think going forward, we'll see a lot more. I mean, Coinbase
just launched mortgages, right?, they partnered with a different couple mortgage firms
to where you can use your collateral as that.
I think Litecoin is a perfect money, perfect money form.
So I don't see why that couldn't happen for Litecoin in the coming future.
I don't know anything of that sort, but that's how I see it.
And that's why I'm also holding for that would be good to
use it for the real world assets, whether that's real estate, whether that's just holding portfolio
wise or other assets of that sort. But yeah, I think it's a runner agree. There's a lot of
innovation happening.
I think it's interesting
to see
I saw Sage, he's
building
as well on
Litecoin.
There's a Litecoin computer.
Recently,
there are many wallets that I've seen come out saying they want to add MWeb.
MWeb has been continuing to grow and recently kind of shot up again.
So plenty of innovation, people still building around the ecosystem.
Son of a light, what's your thoughts on the Litecoin meta? I don't know why are you are you there or
I can't hear either oh okay now he's back now all right there we go sorry about that, but this is my first session on X and I'm having some technical issues.
Just taking time to figure out how to use this thing.
No worries.
Just so you know, I think X is actually a little buggy today because my screen, it doesn't even show Rock on the panel and Rock is speaking.
I might actually need to step down and come back up from a different device
because I think this happens on Twitter, guys.
So if you're a little buggy today, don't worry.
We're going to figure it out together.
I think you're just cursed.
I'm completely new to this x platform in general
uh you know i've just joined on february and i'm just trying to figure out my way around so
please bear with me um i don't think i have any specific thoughts on litvm that
you wouldn't have heard from anybody else um you know i I'm a long-time Litecoiner
and holding like since, you know, 2013 or something.
I mind my stash.
And this whole Litvian thing is just an exciting
new development in the Litecoin space,
in the Litecoin space, which I've been following quite closely.
which I've been following quite closely.
I really do not know what to expect from it.
I will tell you that honestly.
I'm just hoping it will be for the best for Litecoin
and that all this Layer 2 thing will turn out as also something that brings more attention to the project.
fast and reliably and cheap is missing something like this kind of a platform that DeleteVM
could provide.
Probably I didn't say anything enlightening or something you wouldn't have known from
anyone else.
Just speaking from my heart. Just, you know, speaking from my heart.
Cheers.
Aztec, are you able to speak?
I'm guessing you were trying to move around.
He just asked me to kick him.
It's funny.
So Elon can build, you know,
Terra, whatever, data centers in space,
launch rockets, you know, that land themselves,
maybe help us become interplanetary,
build optimist robots, put chips in your brain, but we can't get Twitter spaces to work
for how many years?
Good times, guys.
I think Aztec is just cursed in the co-host position.
We're going to demote him.
Oh, is he back?
Hey, can you hear me? I can hear you. Yes me i can hear you i can hear you all right so many technical issues
today apologies everybody uh i hope it's not hope everyone else isn't having all the issues i'm
having today but uh good to see okay now i can actually see everyone on the panel uh it was just
showing like me and eight people which i was i was concerning because i was actually see everyone on the panel uh it was just showing like me and eight people
which i was i was concerning because i was like okay this is the light coin that i thought more
people would show up but uh now i can see charlie's here jay's here uh nerd girl luke you're you're
still on the panel son of a light i i heard the most of what you were saying before. I had asked to be kicked off the stage.
Light strategy is on the panel.
So, okay, I can see everyone.
Much love, everybody.
Charlie Lee, I know you and Jay might only have about an hour to go.
So, much love.
Thank you for being here on Friday.
I'd like to go ahead and kick off the things with you, Charlie. So first off, you know, thank you for creating
Litecoin and bringing this incredible community together. You're the absolute goat. With all the
exciting innovation now happening around the Litecoin ecosystem institutions accumulating merchant
adoption surging uh litium launching and more what do you want to remind our growing decentralized
community about like coins core vision and what truly makes it special
makes it special.
Hey, hey, Ashtag, thanks for having me.
Can you guys hear me well?
Yes, perfect.
Okay, great.
Yeah, so I think the most important thing you remember about Litecoin is that it's money,
right?
So, I mean, it's awesome what you guys are doing with Litecoin,
like building the DM and lots of all the cool stuff other people are doing with Litecoin.
But in the end, the backbone of Litecoin is money and payments, right?
It's a currency in the end.
So I do want to remind people that it's important for people to actually use it.
It's one thing to invest in Litecoin.
It's something much better to actually spend it, save it, and actually use it as real money,
where it's the best form of money in the world.
So that's just kind of the main thing I always focus on.
Awesome.
Yeah, I agree, Charlie.
And I was hoping to have you kind of set the stage for everyone, which you did, and bring
and bring us back to the founding principles here.
us back to the founding principles here.
I'd like to go ahead and get everyone kind of introduced
and then we'll jump into more conversation here.
So, Charlie, everyone should know who you are,
but in case they don't, can you just introduce yourself?
Take like 30 seconds to just say
what you're doing in the space yeah so I'm
Charlie the creator of Litecoin I got into this space in 2011 created like
when in October 2011 was that coinbase for four years and then right now I'm focused on Litecoin.
I'm a director of the Litecoin Foundation and also a board member of LiteStrategy.
Yeah, so for me, it's all about Litecoin.
Beautiful.
Probably scope.
I'll go ahead and pass the mic on over to Jay.
Thank you for being here.
If you could go ahead and take 30 seconds, introduce yourself, and we'll keep passing the mic and then jump back into the convo.
Yeah, sure. Can you hear me okay?
Beautiful.
Thanks. Yeah, hi. It's great to be included in this, obviously, Charlie. Good to hear your voice. Yeah, so as far as myself, you know, interesting background, a little bit of a biotech background.
And then last year we had this great opportunity, got an introduction to Charlie and had the opportunity to become the first publicly listed company to use Litecoin as our treasury asset and the first and only Litecoin data that's out there. So we've been slowly building up our active treasury management,
have a great team involved.
Charlie obviously is a fantastic resource utilizing the team at GSR to really
build up a thoughtful and methodical approach to how,
how to really utilize this asset and really encourage and develop
the Litecoin ecosystem in the background. So yeah, continuing to work with the LitVM guys,
super excited about their work and appreciate getting the invite to jump on.
Hey, I got a question because it sounds like your path may have been a little similar to mine, starting with biology and then transitioning over somehow to where you are now. How did that journey happen?
And on my bingo card, really to start off, but that is the way the direction goes, you
kind of blow with the wind.
So the real opportunity itself really came across from the banking side.
And we were looking at opportunities as a company at the time, winding down some operations
and looking at a couple other opportunities to really have some shareholder value get created.
And so we were open to a lot of different vehicles.
The company itself had a nice chunk of cash, which lends nicely to this type of process.
No debt and very lean operations, something we're continuing to lean into utilize consultants where we can versus headcount uh to keep costs down and then very precise and it it just was a
perfect fit i think you know we were one of the last dads to get out last year but we're definitely
making the most of it and have a very interesting pathway forward i think with everyone on the call
a very interesting pathway forward, I think, with everyone on the call here.
That's awesome.
Yeah, and I have some questions for you, Jane, in a little bit.
Thank you for being here.
I want to get everyone introduced here formally.
I kind of kicked off the โ usually we do introductions at the very beginning,
but because of technical difficulties
we were just kind of all over the place but let's go ahead and pass the mic on over to a son of a
light um please introduce yourself brother um sure um like i said i'm a long time um like an enthusiast
i've been holding my life for quite a while already, over 10
years, never sold a dime. And what can I say? Recently, in the past few months, I decided
I'm done with working for corporations and doing my career the way I used to.
I used to work as a DevOps guy for most of my professional career,
doing all sorts of things related to software deployment,
configuration, monitoring, and helping developers being successful in their day-to-day work
for various companies like Intel, like Nokia, and a couple of smaller ones.
Funnily enough, my background is in natural sciences as well as two of you guys have said previously.
Not biology strictly, but environmental protection.
I graduated from the environmental protection faculty at the university in my country.
I'm not a native English speaker and I'm getting a little stressed talking about myself here.
It's been a while since I have spoken English in public, so I'm just probably taking it as an exercise to improve my speaking abilities.
No, you sound awesome.
And I would just want to also say, you know, it's great to hang out and talk with you in the Litecoin marketing, the decentralized chat as well with the community and you know I see you always bringing up different
pieces that we can support and bringing up light point news and so it's great
having you here on the show exactly so for the past couple of months I have
joined a various social media and like Aztec said I've been trying to do my
best to help the community promote um promote litecoin and everything
related to it uh on reddit on x actually i popped up at x because two of your friends aztec uh
crypticomb and bogly if i remember him his uh handle correctly, invited me to this group.
So, baby steps, just actually joining the team and the gang,
hoping for the best in the future, and that would be it. Thanks.
Oh, for sure. Yeah, and we have more questions for you in a little bit, brother.
So, thank you for introducing yourself. I'll go ahead and pass the mic on over to Nerd Girl. Welcome to the show.
the Ethereum DAO hack. My background's in academia. I came from a religious studies
PhD program, and I came into cryptocurrency hoping to understand why all of the tribalism
was forming, like to apply the theory from my PhD program to cryptocurrencies to understand,
yeah, like the tribalism that was forming, actually, which makes Litecoin a really unique case in cryptocurrency.
I haven't had the opportunity to study the Litecoin community,
yet as a case study, I've had a chance to apply it to many cryptos,
but not to the Litecoin community.
So hopefully that's what's coming next.
I do work for LDA, and I'm also a producer at Paul Barrett Network.
Awesome.
It's always great to chop it up with you, Nicole.
Thank you for joining us as well.
Definitely.
Luke.
I think it's interesting that a lot of us came from either science or academic backgrounds
and landed on this industry that we're in, landed on Litecoin, Bitcoin, etc. Ethereum.
I don't think it's a coincidence.
I think to understand this industry, to become captivated by it,
to shift your life's work to something like this,
you have to have a really deep thinking background.
Definitely.
I just made a post about free thinkers
and how I thought it's so interesting
how many people that are part of the crypto blockchain
Web3 movement are our free thinkers and
yeah I think that's also interesting I know a lot of people from the sciences
background as well I mean I also so the medical field before going full-time
crypto so it is a really interesting thing there as a recent insider, I would third that as well. You definitely have to be on your toes,
and it definitely plays into that kind of critical thinking and inquisitive background,
especially from the scientific and academic aspects, to really be open to the possibilities
that are out there.
100%. Yeah. I think that's those, you took the words right on off that inquisitive kind of personality, the, uh, yeah, it fits perfectly, but every, you know, the space is for everyone,
uh, freedom money is for everyone. And, um, it's, it's great to have everyone here. I'll go ahead and pass the mic on over to Luke.
I just want to get everyone introduced real quick.
We're almost through the introductions, and then we'll jump right back into the combo.
Hey, I'll keep it quick.
Can I kind of break the train of thought?
I don't have a background in the sciences or the academia world.
in the sciences or the academia world. I'm a little bit younger. I was introduced to Litecoin
I'm a little bit younger.
in 2016 as well as a form of, wasn't able to invest. I was 15, 16 at the time. So I was just
looking for other avenues and using my computer that I had made at the time was the way that I
was able to kind of mine Ethereum, mine a few other things and get into Litecoin through that.
Through that, I've helped with the ordinals kind of bring up on Litecoin along with some
other great people.
I see some of them here, the Sage down there, LightScribe and Chicken Market today.
But yeah, it's to keep it short and sweet.
That's basically all we do. And then I'm the co-owner of CellHasher today, which is essentially a compute cluster of Android phones.
So repurposing old compute and using it for edge nodes as well as data aggregation for the AI trends that are happening.
you know, data aggregation for the AI trends that are happening.
I love it.
And it was great to meet you at the LightCoin Summit last year, Luke,
and had a couple conversations with you over the, I guess, months since then.
And you're an awesome guy.
So thank you for being here as well.
Jay, is anyone on the LightSt Strategy account that's on the panel?
Or is it just hanging out with us today?
I think it's just hanging out with us today.
Okay.
Awesome.
And then, Rock, I'd love for you to, you could be the last introduction.
I think we got everyone here.
Yeah, good to be here guys.
Yeah.
Good to be here, guys.
Yeah, the science background stuff
and then going into this, I think is pretty interesting.
I'm always curious to see the fields
and the areas of study that people came from
before jumping deep into this industry.
And it's just always interesting to see also
the type of personality,
who's crazy enough to follow,
you know, the leaders in this industry,
like Charlie into this rabbit hole
that we've all fallen down.
For me, I was pre-med and I was doing,
I had been doing genetics research for three or four years.
I went on to do some assisted surgeries on animals.
So I got to run a couple of these surgeries at a certain point.
I got to assist in some human surgeries,
had published genetics research, so on and so forth.
And then I found Bitcoin while studying for medical school.
And I was like, holy shit, I think I got to change my career path.
And I went all in. We started Lunar Digital Assets a couple of years later.
And then incubated stuff like Polygon, QuickSwap, etc.
Now incubating Litecoin Virtual Machine.
I'm also a mentor for Tim Draper's Bitcoin Fi accelerator.
I managed, I was on the board
for the managing Polygon's billion dollar grant
and investment program for the last couple of years
until we rolled that up into the other entities of Polygon
for various legal and just industry changing reasons.
But yeah, really excited to be here.
Excited to be a co-founder of Litecoin Virtual Machine.
This is the first time I've been a co-founder
in over, I think, six years now since Quickswap.
And Quickswap was at one point
the most used application in the industry.
Had more daily users actually than in the last bull market
than every application on Ethereum combined.
Peaked at over a billion a day in volume.
So excited to take all of that and all the stuff that we've learned in the EVM world,
because that's where a lot of the projects we've incubated have been.
But now take that back to my roots, which is the sound money side and build stuff for Litecoin.
I think for a long time, Bitcoiners and Litecoiners have said that,
you know, all this stuff being built on Ethereum
and in the kind of virtual machine world,
that if it works, we can bring it all back,
bring it back to Bitcoin, bring
it back to Litecoin.
And that's all playing out very well now.
We see a ton of activity happening on the Bitcoin front over the years, less on Litecoin,
but that's changing now.
I think there was something special that happened at the last Litecoin summit.
There was just a bunch of people there that were, you know, launching new things on Litecoin.
And I think after a lot of these, including us with Litecoin Virtual Machine or LitVM,
after we announced and after some others came out and announced, I think people realized,
okay, Litecoin is a place to build things. And there was, I think, a big change in the air
where now you see a lot of people wanting to build things on top of Litecoin.
So sometimes you just need this kind of Overton window shift.
And I think that's what happened.
And it was a pretty big shift.
And now you've got so many things happening, you know, with Light Strategy, Luxfolio, us.
There's tons of builders wanting to build directly on Litecoin, but also on LitVM.
I mean, we've talked to, I don't even know now,
it's got to be over 100 projects
that want to build on Litecoin
through Litecoin virtual machines.
So it's a new era and Litecoin meta is upon us.
I know that because the global economy is weird right now, we have multiple
kind of wars or proxy wars that we're unsure what's going to happen. And the crypto industry
is in its typical four-year slump. But it's so clear when you look at the metrics of user growth,
But it's so clear when you look at the metrics of user growth, when you look at how many people are creating wallets, these technologies are being adopted still rapidly.
So, you know, you got to kind of zoom out and not worry about the speculative, you know, there's always a speculative lens around our industry
and that's not what you should be looking at.
You should be looking at what the best,
sorry, someone was trying to talk to me.
You should be looking at actual user growth,
actual application growth.
But yeah.
It's definitely builder season
and it's great to see everyone that's here
um during the um you know i still think there's so many bullish things we're very early still
um however you know you did bring up you know there are some some tensions around the world but
but it's great to see during
this builder season during this kind of like rough patch that crypto is going through that so much
innovation is continuing to happen you see a lot of really strong supporters continuing to build
and support you know ecosystems um and and uh it's an exciting time so So, you know, I'd love to jump in, ask a question to the panel here.
We'll start off with MWeb.
So I'm a big privacy advocate.
Just jumped off a privacy show yesterday.
And I tried to drop Litecoin as many times as possible on the show.
There was, you you know a different
panel a bunch of uh privacy guys and uh so I think um you know I we kicked off uh show you know Charlie
also kind of brought us back to founding principles your light coin is money but like
coin also has optional privacy so I'd like to dig into that with you guys.
So my question to everyone here, and you don't have to raise your hand,
just jump in again like it's a bunch of friends around the table.
In-web privacy adoption has hit record highs
with hundreds of thousands of LTC now in confidential blocks.
In a 2026 regulatory environment, how does optional privacy
via Mweb boost Litecoin's fungibility and real world utility? Anyone can take this.
I'll say right off the bat, this world is ever increasing in terms of the intelligence
that we're gaining access to, as well as the surveillance that's upon us.
I'm not saying that true full privacy is right 100% of the time, but in a world where we're being monitored as well as just
having the ability to be semi-private with transactions, whether that's business, whether
that's personal, there's real value there. It's a cash kind of method, at least when
you're talking about the US dollar. So from a fungibility standpoint, and from a Litecoin
standpoint, that optional privacy where you can operate in terms of visibility but operate in optionally as privacy is huge.
It's not just one or the other, it's both.
So I think that's a really strong suit.
A lot of these privacy chains and other privacy coins, it's not necessarily optional.
It's not necessarily optional.
It is private completely or to an extent, depending on their level of privacy and who you trust for your node operators.
But Litecoin has positioned itself really good to have both of those metas going forward.
I'm sure other people can speak on that a lot better than that, but there's just a little bit.
got a lot better than that, but there's just a little bit.
Definitely. Anyone else want to jump in?
Yeah, I'll say something about it.
Yeah, sure.
So I do think that it is important that we are kind of...
There are trade-offs in terms of how much privacy, right?
So I think Litecoin has a good balance of making it optional.
So some coins like Zcash, or maybe not Zcash, like Monero for example is full privacy. Whereas Litecoin,
you can stay on the main blockchain which is just like Bitcoin, very transparent. But then you can
also transact on Mweb which has enough privacy for daily use. So what's important is that the amount
of money you're sending is not visible to everyone other than the sender and the recipient.
And you can feel comfortable where it's much harder
for someone to track what you're doing
and also to try to figure out how much money you have in your bank account.
Right now, if you send Bitcoin or even Litecoin on the main chain,
it's quite easy for someone to figure out how many Litecoins you have
just by doing some very simple analysis of your previous transactions.
So that just makes it not a very good form of money for spending.
So that's why we worked hard on getting something like MWeb shipped,
where just giving you a little bit of privacy
gives you a lot more fungibility and makes it a much better form of money.
And I always, one of the ways that I kind of got, this is one of the areas that I found
very interesting to dive into myself speaking from just a corporate operations aspect is
I always break it down to such things as payroll.
You know, employees deserve privacy in the amount of compensation they're giving.
When it comes to my treasury management, you know, I don't necessarily want competitors
or outside people seeing what my payment flows are.
I don't think when it comes to merchant payments, you know, should this, you know,
compared to competitors should necessarily have, you know, exposure to, to anything that,
that I'm doing through transparent blockchains.
So it's, and you can even take that to some degree to cross border remittances as well.
You know, there's ways to, you don't want to lose the regulatory compliance, obviously,
but you know, you're still entitled to your privacy.
So I always kind of take it to the real world aspect that MWIP offers up.
And that was kind of how I've gotten really comfortable with it is like, you know, this
isn't really different than cash.
Cash is private. That's perfectly legal.
And, you know, there's opportunities and utilizations for it in the real world.
These are just a few of the examples.
I love all these points.
I've also had a lot of fun with MWeb.
been able to pay for different things uh within web also recently received a
I've been able to pay for different things.
litecoin torch uh transaction so i'd love to to send uh my litecoin torch to nerd girl
at some point uh so i have to talk to you about that but um yeah it's it's great creating having that confidentiality
on chain uh you know version of privacy like charlie's saying like jay saying luke you know
just uh there's some so many real world applications for um having this and i think it you know
Having this and I think, you know, a lot of people I speak to don't even know that Litecoin has optional privacy as well.
So I really wanted to start off by just talking about it.
Anyone else want to jump in on the web?
I mean, I think it matters so much for money
to be
like, we've gone away in the world
from money being
neutral
mathematical
and commodity-like
we've gone into this world
where
the governments of the world want to control the currency.
They want supervision over the currency.
They want to weaponize currencies.
And sadly, that'll, I think, lead to the demise of the. dollar, which is this powerful currency that, especially after Bretton Woods,
gained global dominance.
But the issue is that the U.S. has really weaponized the dollar and used it for political means and in deal-making and as a
carrot and a stick, especially the stick. And I think that over time, well, I know it's degrading
the dollar now, and I think that over time, it'll continue to degrade the dollar.
And that's where we will come in with Litecoin, with Bitcoin, with all of the different tooling
built on Web3, even stable coins, which I'm not as much of a fan of, but I think they serve their place. But as governments become overbearing and try to control our lives,
it's really important that we have currencies like Litecoin
that have optional privacy so that we can still stay compliant
and not become attacked by governments, but still give people the option
of having one of these fundamental rights of privacy. There's lots of reasons that we should
have privacy. And it's so important that we shouldn't even have to explain, right, why we want privacy.
We shouldn't have to go prove to someone, hey, look, I'm, you know, a journalist and, you know, in a bad regime,
and I should have some privacy or I'm a company and I don't want people to front run my trades.
You shouldn't have to explain that. Privacy is a fundamental right.
And Litecoin is protecting us with those rights.
Definitely. Fundamental human right. Can't agree more. I'd like to ask a different question here
to the panel. So kind of bringing things to institutions. There's a lot of
institutional adoption of Litecoin and a lot of interest as we're building on LitVM. We're
speaking to a lot of institutions and there are many preparing to, you know, acquire Litecoin
interested in the asset. So just anyone on the panel can answer
this, but institutions and corporates have been quietly accumulating millions of LTC.
Is this trend going to continue and why?
I'll jump in really quick.
I think no one will be surprised.
I think yes, obviously that trend is going to not only continue, but I think it's going
to probably accelerate.
There's a variety of reasons.
I don't think any of these will be too shocking to anyone.
Obviously, some of the regulatory changes
that everyone has been waiting for.
With the Clarity Act,
that will only help to speed things along,
but even just the recent guidance
the SEC put out last week
is really giving some of the green light
and getting some of that fog pushed away.
Litecoins, viewed as a commodity,
that degree of certainty goes a long way and pushed away. You know, Litecoins, you know, viewed as a commodity.
That degree of certainty goes a long way to get not only just comfort with the retail
side but also, you know, the average investor but also if you're looking for more adoption
at the institutional side, that's the security you need.
You know, that's the kind of assurances you need to have um the underlying infrastructure we've mentioned it you know the 14 plus years 100 uptime that's
the kind of confidence that institutions need when they're looking to invest and to look to lean into
an asset and use it on a daily basis. That builds confidence in an investor.
And just it's undervalued.
I don't think no one's going to disagree with me on that.
We know that Litecoin is definitely below the volumes and amounts it was trading at just
a few years ago.
I think that has clearly some latent value that should continue to drive
some of these core fundamentals when it comes to adoption. And then I'll continue to
the horn of the LitVM team. I think this is adding another layer onto things that just gives the flexibility. When you add that
onto the existing network, that just significantly increases the attractiveness of LifePoint itself.
Yeah, I appreciate the shout out. I have to agree with everything you're saying there, Jay. From
what I've seen, speaking to many institutions,
they love the fact that I use this term called GTI,
growth, trust, innovation.
If you just look at many of the charts from Litecoin's inception,
you just see this kind of up and to the right,
really healthy growth for Litecoin, whether that's you know on the network
um you know uh or you know transactional type data and then from a trust standpoint yet you
know litecoin's been running uh with no downtime since the very beginning and plenty of innovation
no downtime since the very beginning and plenty of innovation.
LitVM is building, but there are so many people building on the LightQuint ecosystem.
You know, Sage, I see you in the audience here.
I'd love for anyone else that wants to, you know, come up, please, please come up.
I'd love for you guys to talk about, you know, some of the things that you're building,
you know, some of the things that you're building, you know, over the course of this space. But,
you know, over the course of this space.
you know, there's drive chains, there's wallets building out technology for Litecoin. There is
actually pieces of DeFi that are out there for Litecoin. You know, you have privacy applications
trying to integrate Litecoin. I have a really good buddy in the privacy space
that has a cross-chain swap that's waiting for LitVM
to be able to add that Web3 utility to Litecoin
because he wants to have this cross-chain privacy solution.
And the list just goes on and on and on on the innovation.
And Charlie was very innovative as well, coming out with SegWit and Lightning Network and MWeb.
a place of innovation. So I think that institutions, when they see that it's a trustworthy asset and
all the exciting things happening on Litecoin, it's definitely a legacy asset that they
want to have on their balance sheet. I don't know if anyone else wants to jump in. So I got a separate question and Luke, maybe you can chime in here.
Anyone can. I'd like to kind of bring us to ordinals. I'm really interested in Ornals. I think like as Litecoin grows, as the space matures,
I've always been a fan of NFTs, Ornals.
And I believe that as space matures,
people will gravitate towards like the original assets on a chain
and that they will, some of these collections will grow so
Ethereum has had NFT resurgence recently there's like things happening on OpenSea and a bunch of
collections opening up wondering if if these teams or anyone here still bullish on Litecoin ordinals?
Yeah, I can speak to this a bit.
I think a lot of these, obviously, we saw NFTs early on Ethereum,
and then some other cases like, obviously, how ordinals kind of inspired our inscriptions on-chain, right?
And then just finding ways to not manipulate data but add data in creative ways
so that they can be viewed by hosting or running your own essentially your front end node to view
the blockchain these are really early experiments right so nfts as we know them at least as a lot of
people know them as like art and, you know, profile pictures
to each their own. And it was a good way for, I would say, you know, the early crypto community
to kind of collaborate as well as try different things and form that community to kind of,
you know, get some more people involved with crypto. I don't know how that meta or that trend will last the test of time.
I think we've definitely seen a lull from Ethereum's side of things, from Bitcoin's ordinals, from Litecoin's ordinals.
Nonetheless, it was really good as an experiment, especially with Bitcoin and Litecoin doing it,
because it showed that there's just another use case involved with, you know,
data on chain.
This is an interesting one, too.
As a miner and a node runner, these nodes eventually, you get a lot of data on them,
right?
So there's the bloat that a lot of people are worried about.
I think storage is going to get cheaper exponentially over the
course of time, so I don't find it to be too much to ask for to, you know, have a little bit of data
on chain. But there's the case of spamming as well. Like some people will spam data, and that's where
others are not fond to the ordinal's idea. but there's ways that we'll be able to compress
things.
And I mean, Google just did memory compression just yesterday for LLMs.
That's like eight times memory compression.
And I'm sure something will come along for the sorts for these blockchains as well.
Going forward for Ordinals and for NFTs, it's 100% going to be more so the real world assets
or digital IDs or forms of verifications.
Governments will use them.
Anything from your deed for your land could be, you know, blockchain wise, that's going
to be NFT style, it's going to be ordinal style, data on chain. That's where I see it. We have some
real world asset experiments with RealID was one. They gave digital residency IDs that were
verifiable on blockchain, on Ethereum. That's something that could totally happen as well on
Litecoin as it could on Bitcoin as well. So it's not all lost. I think the current
rate at which it's moving, it's probably going to be moving away from maybe the art concept,
though that will always be there. And art as itself, as an industry, as an investment, as a,
you know, a place to have your money has always been there. That's
nothing new as well. It's something very big. So to each their own, I think that's kind
of all I have to say on it right now. It's still in the experimental phases. I'm sure
there's going to be lots more to do with how data can be used on these different chains.
Whether that's we did experiment with putting data into M web, which obviously everybody can probably laugh about because
you'll just know how that will work right away.
You're not going to get anything back if you put it into M web,
but you can kind of have some somewhat of a lottery formation.
So let's say you throw in some inscribed data and then people
pull out of MWeb.
They would have to be pegged into MWeb.
They have a chance at pulling that asset out.
It's not necessarily random, so it could be kind of computationally guessed and programmatically designed to where you're watching the peg in and the peg out to grab an output.
I'm sure Charlie could probably correct me if I'm wrong on this,
but when I remember testing it,
it seemed like it was first in, first out in terms of how the pegging worked.
But yeah, nonetheless, data's here on chain.
That won't go away.
I know a lot of some of the Bitcoin core
community is trying to move away
from that and it hasn't necessarily
worked to say the least.
So yeah,
that's where we're at.
Yeah, so
my take
well, okay, a couple things. First is
if you're gonna
if you want to have an asset live forever, whether it's a picture, a JPEG, or a deed to a house, or some kind of award, or a will, this is something I talked about on Kitco, which is the gold show,
is having our wills on chain. So if you want to have something like that on chain,
you're going to want to do it, or not just on chain, but just in general, if you want it to
it to live forever where is the best place we know that something can live forever is a blockchain
live forever, where is the best place we know that something can live forever is blockchain,
because they're immutable and litecoin is i think the longest running yeah it's got to be the
longest running 100 uptime chain so this is arguably object objectively really the best place you would want to inscribe this kind of data.
Yeah, and on the point of where do we want...
Ah, I lost myself. Oh, so on the point of should we be putting this stuff on chain?
Yeah, there's a big argument about this is spamming the network. And I think it's really an odd argument from Bitcoiners
because Bitcoin and Litecoin and all of these things we're building
Bitcoin and Litecoin and all of these things we're building are meant to be neutral.
are meant to be neutral.
They're meant to not judge, are you black or white or straight or gay or Iranian or Israeli?
That doesn't matter.
Are you rich or poor?
Are you a banker or not?
or not, or a common person. I think for us to say we should choose what is allowed to be on chain
Or a common person?
is really going against that. So to me, if you pay the mining fee, if you're transacting by the
rules that are set forth that we all agreed to that are not supposed to be changed willy-nilly,
if you're playing by all those rules, then I think it's up to you.
It's up to the person to bid whether they're on the chain or not.
And I also think it's really good for the economy of these chains, for the security of the chains,
of these chains, for the security of the chains, for us all knowing that the rules won't change
just because someone doesn't like the rules or a group of people doesn't like the rules,
or even that a majority doesn't like the rules. We don't want these things to just change
constantly. Sometimes when the majority gets their way, they can dominate or take advantage of the minority. And so the point to me of one of the biggest points of Litecoin and Bitcoin is ossification, that we know that the rules are going to stay the same, regardless of who's in power, regardless of what the minority says or the majority says,
that these things are, the rules are sort of set in stone
or as set in stone as we can get.
Of course, you may have something crazy like quantum come
and you may have to make adjustments.
And if you get 99% of people agreeing to them, then maybe we can change. But we shouldn't
just change things because people don't like us putting pictures on the blockchain. That's too
much to me. That's a great point. Kind of funny you say that. And with all of that change and
kind of the community that I've seen from at least some
of the some of the sides of it where it's spam when you introduce that change right you also
introduce potentially different attack vectors and different security issues so just kind of
to add on to your thing is by keeping it how it already is and letting that kind of play out
is essentially your best option for even security of your asset, right?
Whereas, like, if Bitcoin decides they want to close this down,
they're going to have to really go through and put in the time to audit,
make sure it's secure, make sure everything's working,
so that there isn't attack vectors.
And that's not just attack vectors on, you know, stealing coins or in a sense of, you know, compromising wallets.
It's also just network stability. It's like, can I DDoS a node through this and collapse the
network because all of the nodes went offline, create hard forks, excuse me, soft forks and
orphan blocks and create different
attack factors in that matter. I do think it's funny, just to add on, just real quick, and then
I'll close that, would be kind of how, you know, for the longest time, the United States was backed
on gold for money. And we had Treasury along with the Fed printing dollar bills and your dollar bill was a representation of, you know, the gold that you could essentially exchange for.
Whereas like, you know, inscriptions and data on chain essentially are you're verifying, right, that this will live forever.
But it's also backed on a Latoshi, right?
So it's an actual on a Latoshi, right?
So it's an actual asset in and of itself.
Not only the data is an asset, but the underlying value is on a Latoshi.
It's verifiable in that matter. You're backing your asset, your art, your deed, your will with Litecoin,
your will with Litecoin, which I think is really the utility that I really like about
at least ordinals and how NFTs kind of play out on their chains and data on their chains.
I just want to welcome Amid, also Mihao. I can't see you guys on the panel.
I'm having technical difficulties today.
Darren, just let me know in the back office.
So welcome.
Jump in, guys.
Anyone can jump in on this conversation talking about ordinals right now.
Hey, good to be here.
me you know amy how good to hear your voice um i mean i i i always want to talk about privacy
It's Michal.
Hey, Michal.
Good to see you.
which also applies to ordinals and ruins so um i i'll just do a quick little sort of fun
announcement um that i think will you, be great for Litecoin community.
So obviously we've had Litecoin
working in our American Fortress
privacy wallet,
which is our sent to name,
you know, automated stealth addressing,
automated zero knowledge proof.
So who you got the money from,
even though it's on a UTXO chain,
fully decentralized,
you know, KYC awesomeness.
So that is actually about to go into audit with Halborn.
And we do have a TGE coming up with,
and all I'm going to say about that here is just say
that that token helps secure things, and that's really it.
So we have to just launch it before we go live.
But essentially, you'll have full-on PayPal-like decentralized Centename
on Litecoin and right at day zero.
And so this is automated stealth addresses for all people.
So basically, the simple principles, if I send money to ROK,
my wallet will automatically
compute a stealth address
for him and me.
That's only known to him and me.
And then we also add support for MWeb.
And we're also on the LitVM system.
We're going to have
our own confidential item machine,
which is another privacy engine,
essentially.
But this one maintains full compliance
between the sender and receiver.
So all the clean money gets to white label itself. And the recipient, you know, has
insurances that it wasn't mixed. It was, you know, it actually came from another user like
Mihao. And then again, this all settles in stealth addresses. And then finally, that
will be quantum resistance. So we had a breakthrough on quantum
resistance here. And all our tech right now is currently quantum resistant. Now, obviously,
existing addresses on chain are not quantum resistant. But when you shield funds into our
confidentiality machine, you'll have automated quantum resistance, meaning that essentially,
that money is not spendable unless there's an extra
quantum resistant proof that has to be, that is signed by the wallet infra. And all this is
available via our, will be available to our SDK, which is also about a month away from release.
So any existing wallet will be able to use it. It'll also be available in American Fortress
wallet and Litecoin's already in American Fortress Wallet,
but now I'll have these extra features as well.
And, yeah, so I'm super excited
about actually delivering our tech to production.
I know we, you know, we spoke
and we announced with the Litecoin community
maybe six months ago this was coming.
Well, it's finally, finally on the way.
So I'm excited to support you guys in this way.
And hopefully you'll love the feature set
and you know I'm excited after four years of like secretly working on the stuff that I get to
actually release it. So it's good times for me but happy to answer and comment on any questions on
privacy and how these things work. I got a question for you, Meow. Why does privacy matter to you?
Why does it matter to all of us?
I mean, for me, it's this sort of central mission
of making everything easy and safe for everybody to use, right?
Because the biggest problem in crypto is still scams.
And the fact that we're mostly not private, right? And the privacy was kind of like,
you know, poo-pooed on, you know, by the regulators in the world until recently,
it made everybody way less safe, right? So me, it's like, I'm here to save you from like all
the phishing, all the address poisoning, all this sort of stuff. And so like, you know, one of the concrete ways we're doing that is in our wallet,
you know, there is usernames, right?
And these usernames are essentially private abstractions.
But the way they work is you can publish your name and no one knows how much money you have
or how much money you received at that name, because every time you get money, it's a new stealth address.
So in Litecoin, obviously utxo change this is you know really really ideal
um you know but but before when people tried to use these things like you know they would not know who sent the money right um and you know you could have and in ethereum you have address
poisoning right which is like sort of this exaggerated you know you could have and in ethereum you have address poisoning right which
is like sort of this exaggerated you know version of this where they see a big transfer to an address
so they just you know cut and paste and copy and try to like trick people now in in utxo chains
there's much less of that but you'd still like to know who sent the money right so what we have is
there is zero knowledge proofs that get sent um via encrypted chat system in the background when you send
a transaction to somebody that then now proves that, okay, the outputs that were spent to
send, you know, say rock money actually came from Mihal and you have cryptographic proof
of that.
And if, you know, somebody else sends that same address, it'll fail and we'll say this
is unverified, right?
So we can detect to see if, you know, somebody's messing around with the funds and you
can, you know, for sure that like, Hey, I got money from entity X and it didn't come from any
other entity. And I can prove that to you, you know, the next recipient. Right. So there is a
transitive element to this. That's really cool. And to me, it's like just, just that, right?
Like just knowing that you got money from who you got money to,
and you can prove that you sent money to somebody else that's already like
saving so much hassle and headache for everybody. Right.
And then just this whole idea of like, Oh,
I got a copy and address correctly.
And I don't know who I'm really sending to.
We're solving all that, right?
And you have to have privacy, you know, for these things to work.
If they're not private, they just don't work at all.
So to me, like, you know, privacy is the secret stealth thing that I've been, you know, super
passionate about for four years, but we couldn't really, you know, release the sort of, you
know, the version that we really wanted to until recently. So, you know,
a bunch of timing and stuff has come together where we're,
we're in this place where now we can, you know,
make privacy even better. Right.
So specific improvements in the way we're doing it in terms of the
confidentiality machine is it's not a mixer and it preserves that KYC
relationship between send and receiver.
So even if I sent to rock and I use the confidentiality machine, it's not a mixer and it preserves that kyc relationship between sender receiver so even
if i sent to rock and i use the confidentiality machine he'll still get a zero knowledge proof
that it came from me and not anybody else and that it wasn't mixed right so now even though you have
full you know mweb style um coin join style um confidential, uh, confidentiality, you actually, you get to maintain the zero
knowledge between the people of like, you know, who's involved, but only the two people involved
know. Right. So to me, that's, that, that's going to be, you know, a huge help for, um,
just people transacting safely. Right. Um, so that's my short answer on why I, I, I, I'm passionate about privacy.
It's, it's, you're definitely, yeah, you're definitely one of the innovators, uh, on
Litecoin that I was talking about earlier. I was hoping that you'd show up and talk about
American fortress. Um, I, I believe, um, uh, Jay and Charlie, are you guys still here?
I think you guys might have to leave soon.
I'm still around for a bit.
Awesome, Jay.
I actually want to ask you a question before you go.
I just got a ping in the background here.
And, Michal, I'd like to dive more into privacy right after this. But, you know, Jay, so Light Strategy has moved from active holding to active treasury management,
launching covered call programs that generated $600,000 in premiums last quarter while running a $25 million share buyback.
Congratulations on your success. How do these yield generating strategies balance risk,
also support LTC's ecosystem
and create a shareholder value without selling core holdings?
Yeah, yeah, I appreciate it.
Actually, I've been getting this question a bit.
And obviously this is one of the key differentiators
that we have being a public company versus an ETF is our ability to basically
change what we're using LTC for versus just straight up passive holding it like an ETF
and sitting in hopefully fingers crossed on an increase in the value, which of course
is good for us as well, but creating that static holding
into an actual productive reserve asset
that we can then utilize.
So, you know, it's interesting
because we obviously lean in very closely
with the team at GSR to help us manage
and to make some very clever
and effective utilization of our lightweight balance.
But we do tend to kind of take a look
and make sure that we're doing that in such a way
that ultimately at the end of the day,
and this even goes beyond just the cover call program,
but also looking for strategic and
potential other call and joint venture opportunities that push forward.
The overall LTC ecosystem, which is what we're all here for and
what we really want to see.
We're not gonna sing one praise over another new ETFs that come out.
That focus on Litecoin.
I am applauding that.
I think it's fantastic.
But we can do things a little bit better.
So like you said, we're generating some decent premiums.
The volatility kind of does play into it.
But ultimately, what it allows us to do
is to generate additional yield without surrendering
our core position in litecoin um we're enhancing returns at the margin we're not speculating on
direction and then the buyback itself reinforces shareholder alignment if we see and we think the market is undervaluing Litecoin or Lite strategy, we're going to act on it.
And we're going to be active and make those decisions to really try and normalize the NAV and really bring things back into alignment.
So there's a lot of opportunities that are out there.
You know, there's a lot of opportunities that are out there.
Right now, we are continuing to assess them.
But those are some of our key opportunities right now.
We'll have, obviously, a little bit more disclosure when we report Q3.
We're a 630-year-end company.
So we'll have Q3 here coming up here in days.
And then we'll report in early May.
But that's ultimately what the goal is.
You know, we're really trying to ensure
that we are enhancing the overall value to our shareholders.
And let's flip the switches that can be done
to help differentiate us from the ETFs.
We can do a little bit more.
So yeah, we're going to do that.
That's kind of where we're at right
now i love to hear it um it's great to catch up with uh what you guys are doing and and i actually
was reading uh some of it was like an article recently on your guys success and growth so it's it's awesome to see that uh
that uh many builders on litecoin are finding success and and doing well and that uh the
litecoin meta is just getting stronger so i appreciate that okay uh i i don't know how much
uh time you guys have left uh we usually go for about two hours. So we've
been going for about an hour and 20 minutes here. I'd love to ask everyone here for however much
time you guys have. And I also heard in the background that Boggley joined us again. I can't
see who's on the panel. So apologies, guys. If someone new joins, Amit, I know you joined.
I'd love for you to jump in the conversation soon, but welcome, Bogly.
Well, the good news, Aztec, is that I guess for whatever reason,
Elon maybe has his devs working on other stuff or something
because Twitter Spaces has been so buggy for so long. It is ridiculous. We've been doing spaces for years.
And but maybe now that we have AI coding,
maybe Elon can afford to redo Twitter spaces or something where it'll be a
little more stable.
Oh, I love it. We have so many like and it's so random
especially of course on this space uh litecoin meta is something that i that is so dear to my
heart of course i'm having uh technical difficulties today but um yeah I'd love to see Elon fix X-spaces. You know what's crazy, Aztec, is that AI is progressing so rapidly
and the coding side of it is just unreal
that I wouldn't be surprised if he doesn't fix it himself.
You could community crowdsource this and go,
okay, let's just get three or four really good AI devs and just like
rebuild X spaces from the ground up and then,
and then get Elon's attention and be like,
Hey,
here,
here you go.
Elon,
can you please get rid of this,
this garbage heap of bugginess that you have on Twitter spaces?
so X spaces to be fixed by Vibes?
Yes, exactly.
That would be awesome, man.
I would love that story.
But someone asked to save Elon.
Elon's been saving us.
I think someone needs to save Elon.
Well, not to sidetrack too much.
I'll just give a quick sidetrack,
but about how crazy the design of these AIs is now.
Just recently, there was a man with a dog.
This was just a couple of weeks ago.
This came out in Fortune magazine.
There was a guy whose dog had cancer.
They couldn't do anything about the cancer.
And so he...
Oh, I've heard about this.
So he worked with ChatGPT, went down a rabbit hole deeply with ChatGPT.
It instructed him to go to AlphaFold, which is like a protein folding AI specializing in that.
And it helped take his dog's personal information.
I don't know what it used, maybe a biopsy or something, but of the cancer
or something, I'm not sure, but it made a custom or it designed a custom. I didn't even know this
was a thing and I have a pretty deep medical history, but there's a cancer vaccine. It helped,
they helped design. They took that. Then the chat should be told it. Okay, take that to this
university and they may be able to help you actually take this, you know, design and put it into a real vaccine. They did it, did not have to
do any clinical trials because this is for a dog and it's for a dog that's already dying.
And so they just made it for like $3,000 and the guy, the dog is cancerous in remission now,
or not in remission. I don't know technically if it's in remission, but it's the cancer is in remission now. Or not in remission. I don't know technically if it's in remission, but the cancer has been shrinking
over the recent, I think, weeks, maybe months.
And now the dog who was inside
couldn't really do much
is now at the dog park.
And now, you know,
the cancer is not completely gone,
but it's still shrinking.
So really amazing stuff that AI could design.
So if we can't fix spaces,
the point is, if we can't fix spaces, the point is,
if we can't fix spaces, I don't know what's wrong with us.
Rock, two crazy things to add to that. The article said that it was chat GPT, but Grok was actually
used more than chat GPT was in the creation of that, like of that. And it was talked about on X.
the creation of that, like of that. And, um, it was talked about on X.
So like the article talked more about how the article highlighted that it was
chat GPT,
but grok was actually more heavily used in the creation of it than chat GPT
was for the first point. Um, for the second point,
it's been done on humans. Oh, wow. Yeah. Wow. Yeah.
Yeah. So Sinclair like dropped some a-bomb videos uh just this last week
so david sinclair is like the father of well one of the fathers of the you know anti-aging longevity
movement um you should if you haven't read his book well you know lifespan you should definitely
check it out but they're they're starting new, um, essentially a magazine info product.
That's going to be, you know, dropping like all the latest research, um, that's more directly
applicable to retail. Like one of the things they did is they have this trial going on now where
they have this gene therapy that they anticipate will cost a hundred thousand dollars. Um, and,
uh, this is doing a safety trial right now in 20 people that just completely reverses
your age i mean this is like the uses three edmion effectors to just reset your age and
they do this by injecting um the eyes of bond blind people to see if their vision comes back
um and it you know we'll we'll have the results in like two months but they used ai to figure out
okay how do we make
this not cost a hundred thousand dollars like how to make this cost like a hundred bucks um and so
they identified like compounds that basically you can take orally that then synthesize and then
lately the they haven't published this wait this is sinclair's the work he's finally gotten into
clinical trials is that what you're talking about the one that he's been working on for a decade yeah so that's in clinic well it was on ape trials last year and
it passed 90 of the 98 of the monkeys that they deliberately blinded got their sight back
oh my god and and but now you know the ai angle is they've been able to go faster and now identify oral substances that have the same effect.
So the intention is that you'll be able to just take a pill, you know, in the next five years.
And cure your blindness.
Yeah.
Well, it'll cure a whole lot of stuff.
And what's remarkable about it is it's not a different compound for different illness, right?
What we're used to is like, here's the substance that cures this, you know?
And then if you need some other, here's a different substance or a different surgery,
right?
This is like one set of compounds that just fundamentally addresses your cells, you know,
misbehaving increasingly as, as time goes on and um, and just sets you back to teenage years without
having full pluripotency, which would give you all sorts of crazy cancer. So, um, you know,
just really exciting stuff that just came out like this week, you know, follow, I follow Sinclair,
but if you haven't fallen Sinclair, you know, check it out. But that dude is legitimately,
you know, the, the crazy, you know, AI level longevity health span extension breakthrough is, you know, under a decade away and it might be a few years away.
And that's going to rock the world as much as AI.
But it's interesting that they're not going even faster because they can just, you know, try all sorts of different combinations.
That's very similar to this doc story, which I also read.
And that was awesome.
It was just, you know, know like how cool is this um the the treatment you know stopped the dog's cancer and put it in remission
essentially and you know as best as we can tell it didn't cure it completely but uh it like you
know the dog will live many more years apparently so so cool that's wild crazy what's happening with ai uh it's just taking over
and uh you never know what you're going to get on the aggregated on this show we just
one thing about rock and eyes we can uh kind of go into some uh different rabbit holes um i'd love
to bring us back to like you know i'll let you take us back on track, Aztec,
but I do want to mention.
Yeah, man.
Because I don't know how much time Charlie has.
Yeah, yeah.
I just want to say this show,
if you guys in the audience,
if you're new to this show,
keep coming back
because every probably month and a half or two,
we actually do,
well, we do different topics on the show and
every week. And some of the topics that we do more regularly is like health and wellness or
longevity. And actually, Mihao here really knows this stuff and actually has some doctors that
he's building a clinic for some pretty advanced therapies.
And then, but yeah, we also have had Dr. Aubrey de Grey on the show many times. I think two,
at least three or three times. He's come twice. Yeah. He's a contact of mine.
Yeah. And he's incredible. He's been on, you know, he's had like 10 TED Talks. He's spoken on Joe Rogan about this stuff. And we've had the honor of interviewing him and a bunch of other big experts on the show. So come back for that later. Okay, sorry, Aztec. Let's get back on track.
I love the discussions we have on the show.
There's always something new every Friday.
Good to see everyone that joins every Friday, takes time out of their day.
Thank you for everyone that joins and just drops alpha like today.
Charlie, I don't know how much time you've got left, so I have to ask you.
The Lightroom Foundation, it's always cooking.
What should we expect in uh 2026
i wanted to ask uh david but uh but david wasn't here today so sorry to drop this one on you no
worries can you hear me yes perfect okay um yeah uh space is space is messed up. It doesn't show that I'm speaking. Anyways, as long as you can hear me, it's all good.
Yeah, so I think one of the coolest things we're doing this year is the Litecoin Summit. We're holding it in Amsterdam in June. So we're just trying to kind of make Litecoin or support people outside of the
US, right? We've been doing Litecoin Summit in the US for the past five, six years. And it's great,
it's very easy for us, but we'd love to include everyone worldwide. So we're just trying to do
something different. And I know that's, it's gonna be tough for a lot of people in the US to come,
but obviously it makes it very easy for people in Europe and other places
to actually experience LightCoin Summit.
So I'm very excited about going to Amsterdam this year to host the LightCoin Summit
end of June. So hopefully you guys can all come and um and
do cool stuff there together and yeah we'll try different things and obviously we'll bring it
back to the us in the future um but this is something where i'm very excited about this year
yeah i'm super excited to get out there and uh see again. I hope everyone from the U S I saw last year's will be able to,
to join,
but there's also a bunch of people that through Europe,
friends and like on community,
just hard money scene that have said they're going to be joining.
So that's,
I'm looking forward to meeting people that I've only spoken to for,
for years at this time.
So, yeah, definitely excited for it.
Yeah, there are quite a few people in Europe that have never been able to come to a Lightwind Summit.
And they're very excited to actually be able to come to one this year and to meet everyone.
That's awesome.
Jay, are you guys going?
Yeah, yeah, we're looking at that right now. I know obviously Charlie mentioned he's going. I think Joshua from GSR is going. I'm looking into it as well. Maybe do a panel discussion as well while we're there.
But yeah, no, it would be great to go. So I think it's a great opportunity to get everyone. It's nice. obviously taking the journey over the pond into Amsterdam and get out of the U.S. a little bit.
Yeah, sounds like a beautiful trip.
Luke, I think earlier in the show you were saying you might go as well.
I will not be there this year.
Sorry to say.
We're good times.
Anyone else
here on the panel going to make it?
Yeah,
I'm down.
Most likely making it, unless
there's something that could
come up, but
yeah, most likely I'm going.
We'll meet here. Just pulled over so I could chime in here.
Unfortunately, I'm on my way to another meeting, so I apologize for the delay here.
But yeah, I'll absolutely see you guys there.
Looking forward to it.
This Omid?
Yeah, it's Omid here.
Hey, Omid, I haven't heard your voice before and I've only talked to you in the, or discord or, you know, on the marketing decentralized chat. So yeah, I am going to have to run in to jump to another meeting.
And I just wanted to kind of get you up to date with some of the discussions we've had around the data quality positioning on that FX effort that we've got.
We're going through stage one auditing as we speak.
Stage two auditing that we discussed is end of April. And so for those that aren't familiar, we're building a platform around formal data quality architecture.
And my background comes from engineering and construction.
My whole life I spent around energy and chemicals.
Coming into here was by coincidence in 2013.
And since then, I've grown a love for this space and and for what it means
everything that M web stands for and and this community is by far the greatest
community that you'll see in this space true representation of decentralization
but I'm busy writing a ton of data quality policies for all those explicit
controls and I'm looking forward to ton of data quality policies for all those explicit controls.
And I'm looking forward to getting some early release documentation out to you guys here in the next month.
Yeah, Omid, can you tell us more about what you're building and what that's going to unlock?
Or is it kind of something you're saving for later?
I could chime in a little bit on it.
It's going to be a data platform specifically for Litecoin.
It is being built around the idea that we don't have very much insight into the verification controls and the validation runs or deterministic methods being used in most of
these data providers coming from my background as one who would actually perform audits in the past
for data quality on the engineering side. I took those tenets, all the language that we used to use
and measures of accuracy, traceability, rebuildability, all that good stuff.
And I've rewritten those policies to apply into our space.
So all of that is going through its formal phases as of now.
And Litecoin will have its first ISO 8000 certified platform
for data consumption.
Yeah, I'm really excited about this.
Anyone that's in the light coin community probably knows that
we lost a lot of data over the i think months really but uh i believe you're going to
have that data plus more available uh so dashboards and things like of that nature so i'm
very excited about it. I know
some teams that want to work with you already. So we're talking on Discord. But yeah, I'd love to
see that the community, you know, if something happens, you know, the community comes in,
and it's ready to build, you know, create some new innovation or just fill in wherever is needed and this is
definitely some really valuable uh work so i i definitely will be using your your data
but yeah thanks thanks for joining yes absolutely and i hope to speak to you guys
you guys here shortly and I'll see y'all soon.
here shortly and i'll see y'all soon
Definitely. Yeah. So I have a question for the panel here.
So I feel like I talked so much about Libyam and, and, and really the,
a goal of mine at this panel is to just have people from the LightCoin
communities that are building here just have an open kind of forum,
a place where people could talk about what they're building.
And so one of my things that I'd like to check off the list today
is just there's so much happening within the Litecoin meta,
but is there anything cool or like under reported some kind of innovation
that's happening in the ecosystem that you guys are excited about?
This is definitely the time.
So please, anyone, if you're new to joining the show, you don't have to raise your hand.
Just jump in, guys.
I'd love to hear your thoughts on this.
I wouldn't say necessarily maybe innovation on this front, but Litecoin Labs, not affiliated with the foundation, but its separate entity that helped bring on kind of ordinals.
We're working on the Litecoin Mining Museum, which is just more so a historical proof, you know, in the physical world. We have
nearly every single ASIC and early FPGA that was made for script mining, along with some,
of course, early ones as well. But just making sure we preserve that so that eventually it can be in a museum one day or donate it off
to somebody who can also run it.
But that's something we've been working on, and we just received a couple more of our
last pieces to complete the whole collection, I could say, I could term it as.
But that's been exciting for us, to say the least.
That sounds exciting, man. Anyone else want to jump in?
I can't see the panel, so I don't know who to call on guys. So you're just going to have to jump in and let me know.
Panel works fine for me on Safari.
I see everybody.
I don't know why.
Maybe it's a browser thing, but I haven't had a single glitch.
It's been fine this entire time, weirdly.
Hey, guys, I have to run.
It's great um
thanks for having me um been a great chat
awesome charlie thank you so much for being here you're the goat and um excited for the litecoin
uh summit this year and thanks for everything you do for litecoin awesome so i mean i could do
one more little tiny like like, you know,
cheers.
It's coming announcement.
Yeah, real quick.
Cheers, Charlie.
Thanks so much for coming.
Thanks for everything you've done for this industry and for the world, really.
Money is the most, one of the most important pieces of technology in humanity. It's really what's helped us go from,
you know, being like cavemen or like trying to raise our own food to being able to trade with
others and have all of, you know, and then that turns into specialization and that specialization
turns into all of the prosperity and abundance that the world has had.
I know sometimes it might not feel like it because, you know, economy's bad or whatever.
But in reality, when you look at, you know, starvation is like almost gone.
I mean, there's more people in the world that die from being from overeating than under eating now.
And so all of this is, you know is largely because we have free trade in the world
and having trade in the world, you need a currency.
And so by us all being here, Charlie and everyone here,
by us helping build better money, better medium of exchange,
of exchange, better currency, better store value. We're helping lubricate the world's
better currency, better store value,
innovation and economies. And it's one of the most important, it might sound bad to say money's the
most important mission in the world, but it really is when you are trying to create a good and wholesome and neutral money and not the monies that we're all used to.
I think people look at money as the root of all evil, you know, this kind of stuff, because money has been corrupted for so long.
And it's been a tool of manipulation for people in power.
But we are creating sound and neutral and mathematical money, private money that the world can use.
And so thanks, Charlie.
You've been one of the pillars of the community for this and have helped encourage so much innovation on Litecoin.
And have, I mean, as crazy as it is, built one of the most hard monies the world has ever seen so cheers
indeed um so one thing i want to talk about real quick that may be of interest to litecoin
community so we've been working a lot um on quantum resistance lately and and first of all i kind of
you know for those of you that aren't familiar, right, with sort of the current state of quantum resistance and crypto, you know, generally there's people standing up quantum chains and saying you have to change all this stuff to have quantum resistance.
And what we found out is you don't.
And in a couple of weeks, we're going to release a paper that's, you know, three cryptographers and myself worked on it where we're going to just reveal to the world how you can easily make any chain quantum resistance by changing almost nothing.
So this is something we're going to just be giving away. We do have a patent pending on it,
but I'm just going to give it away. And the reason we're doing it that way is so like,
you know, if bad actors try to get a hold of it, we can say no, at least to some degree. But so essentially it'll be open source,
but with a commercial use restriction. But yeah,
so that's coming as well because what that does it, you know, yes.
That's massive, bro.
You're just giving it away. That's so cool.
Yeah. Well, the strategy for us is going to be like part of the wallet or.
No, no. So the way though, so right now in our wallet already, our custody system, quantum resistant, world's only quantum resistant custody system and wallet, as far as I know right now. So we already added all the code to our code. It's already done.
So what that does today is it means that if you're going to put money into our confidentiality machine, it will use that extra quantum signature.
Now, what you'd like to do also is have the entire chain work that way, right?
So every transaction is quantum resistant and people can just seamlessly like move balances from like an old address to a new address that's quantum resistant so we're going to be providing that tech as a reference
and then just anybody can use it basically all right it's just we're going to say here it is
and you know here's the reference code and you just grab it and now your chain can be you know
quantum resistant you don't have to go to some other chain and nothing's really broken um and
i think we'll you know maybe get a lot of criticism
for this initially.
There'll be some super crazy quantum guys
that are like, oh, it's not going to work.
But first of all, it's free.
Second of all, it seems to be like
the best possible solution
and we will get it massively peer reviewed as well.
But we sort of jumped the gun
and just started implementing it
because it was really easy to do in our system. So that's common for the Litecoin community, but it also works on
all chains. But it does require some actual change in the miners because the miners and the
infrastructure has to understand this new signature scheme that you know creates the quantum resistance without breaking anything else but it's just an add-on right so it's it's it's you know
fairly straightforward that way so super excited about that uh and there'll be a paper on that in
like two to four weeks um and you'll be able to read all about it and we'll you know we'll do
some announcements but uh yeah excited about providing that solution that sounds super cool um i i wanted
to kind of jump in real quick on that um i'd be really curious to to get some more info on that
anyhow um bells coin another script coin um from the creator of dogecoin has also quantum uh
resistance pulled from more so Tidecoin because
one of the developers on it is a quantum dev as well. So I'd love to see kind of the implementation
strategy and approach to that because we also threw that into Bell's coin without having to
change too much as well. And it's script already so there's no change to miners so I just kind of
like to see the the differences going forward but I love that you guys are opening it up and
you know sending it that way so huge props there I'm excited to read that paper for sure
yeah so the sort of big difference between us and everybody else in terms of that because there have
been some you know proposed solutions one of the things that we need to you know make sure that crypto is easy to use forever
is quantum resistant public derivation of addresses so what this means is that i don't have to contact
you to derive your address right so the very first version of this was the classic stealth addresses
that you know people came up with around 2014.
And Justice Ranveer, who works for us, he's our chief architect.
He invented Bit47, which was, you know, early stealth addresses for Bitcoin.
So it was interesting because we were solving that problem to sort of future proof our product for the future.
And then we were like, oh, but there's this really cool quantum resistant thing here that also does public derivation,
which to me is like the holy grail, right?
If you have both of those features,
then it's going to be super cool.
But yeah, 100%, this community will definitely know about it.
You know, we work very closely with Rock LDA.
We're in touch with LitVM and the Litecoin Foundation.
So for sure, we will, you know,
there'll be an expo about it
and you'll be able to read it and tell me,
tell me if it's broken and then we'll fix it.
You've got to let me know when you, you, uh, want to release that.
I'd like let BM to support, um,
just getting it out to people to read and look into. Um,
so yeah, that sounds...
No problem. It's authored by myself
and two PhDs in justice.
So, it's... Justice
is actually the inventor of it, which is really cool
because he was an inventor
of Bit47. So, you know,
it just...
It's cool to see the world finally
come together for us. Like, on our end,
it was like a big struggle for us for, like, four years. And now, all of a sudden, it's it's cool to see the world finally to come together for us like on our end you know it was like a big struggle bus for like four years and now all of a sudden it's just you know everybody's
all in and uh yeah i'm just i'm just super excited like finally i'll get to release the software
which before really the problem wasn't the innovation or the tech or the ideas and it was
like just money it was like getting funding for the project to get it to
this point. And then that all of a sudden sort of disappeared in the last six months for us. And
I'm so grateful to actually be able to like get the stuff out the door. I'm just like, I can't
wait for you guys to use this stuff. It's just, it's like, to me, I'm just like, oh my God,
finally, because I've been working on this nonstop, just this, without exception, for over four years.
So it's, you know, half the time not getting paid at all, the other time like getting paid like maybe half or something.
And oh my God, it's, yeah, to see people like being like open to it and like want to use it and, you know,
and also actually being able to deliver on the promises is like, it's so exciting.
Definitely.
I know shipping's so exciting. Definitely. I know shipping is, is, uh, it's so exciting. Uh, you know, when, especially when there's the highs and the lows and, uh, and all
the little things that come up with, uh, you know, building something. So probably understand on that
front, Michal. Um, I, I think also we should just have another think call at some point just to
it's been a while uh so i'd love to kind of catch up and figure out how we can uh work together
more but um yeah yeah so i definitely want to do a like a rollout plan for the additionally we're
going to be releasing the confidentiality machine paper, which is one interesting anecdote about that is I, I can't explain how it works yet, but very shortly I will
because there's multiple patents being filed, but I actually met the Zcash founders, um, you know,
at the, um, ETH Denver, we were on the same stage for like a day at the Stanford blockchain summit
event, which by the way, it was excellent. Like those guys put together an excellent event.
And I got to meet some people I hadn't met before and I met the Zcash guys.
And like, I watched their talk and their talk at the beginning was like, okay, Zcash is awesome.
We love Zcash, but there's a problem because we let the, you know, the cat out of the bag. And
now we don't know how to make Zcash compliant, like, you know, without doing like some master
viewing key sort of thing. Right. And people don't like viewing keys inside of these systems
like you have in Sarah Canton
because it limits decentralization, right?
So Canton network, if you're not running your own node,
for those of you that don't know,
your money can just disappear, right?
So this is not ideal, right?
We'd want that same level of like super zero knowledge privacy, um, without mixing, um, you know, going from point A to point B. So, uh, in Zcash though,
people generally treat it like a mixer because you don't know where the Zs are coming from,
right? So in Zcash, you shield from a discrete, like transparent address,
and then you stick it in a Z address and then you de it in as in a z address and then you d
shield right um and so that's that's super cool uh but what we we'd like to do is is have it um
have it so that you know who sent the money without having to have some overlord watching
everybody that has like the master keys and can like delete some
stuff, right? And delete some funds. So, you know, their issue in their panel was like, hey,
we don't know how to fix this problem. So at the end of their talk, I'm just like super humbly,
I'm like, hey, Zcash founders, I'm Mihao. I think I fixed the problem. And initially they were just
like, whatever, bro. Right? Like they were like, we've never even heard of you.
Right.
So, so, but then I explained like the basic method.
We just got done patenting like a few weeks before and they were like, oh, actually, actually that'll work.
So that's what I'm going to work out with you and how we're going to deploy.
That's wild.
On, on, on, on Litecoin, because we do need an L2 and we don't want to rebuild an L2.
Now, we're deploying this first to Ethereum and Tron because that's where a ton of the volume that we need is.
And the way we're charging for it is just like a point and a half for the D-Shields.
The Shields are free.
It's essentially going to be like one of the cheapest rails on planet Earth for transferring money privately yet compliantly, but we need an L2.
We have to have an L2, right? So, so, so what,
and I had this talk with rocker like earlier in the week, like,
we'll let you guys finish the fundraising on your end.
And then I'll be ready technically in about a month to start, you know,
the paper will be out,
you'll be able to read it and we'll be able to connect with you and just deploy this on, um, lit VM, right? So, so let the, cause there has
to be an L2 to host this DeFi that's doing this ZK ish, um, you know, improved ZK essentially
improved Zcash, except you don't obviously have to go to Zcash. You can just stay on my coin.
Right. So that's, uh So that's what I want to
share with you. And when the paper's out, which will be in a couple of weeks, we'll be able to
get together and actually plan that rollout. Yeah. That sounds exciting, man. I love it.
I love all the synergies that are opening up and it's just so exciting to see what's unfolding on litecoin and uh it's such
a privilege and honor to work with um brilliant minds like yourself me how and everyone you know
here on just all kinds of different things uh it's beautiful to see it on litecoin um i i'd love because i i think we might be wrapping up in the next 10 or
20 minutes so um i i'd love to because i again i can't see the panel guys so i don't know who's
here uh my my screen's actually just it just shows uh who was on uh the panel initially
but i'd love for other people that may not have spoken today to jump in.
And, you know, if there's anything in the Litecoin ecosystem that is, you know, underreported,
something that you'd like to share with us, that was the question. Anyone else want to jump on this?
Because if not, I'll have another question for the panel.
another question for the panel.
I'm just going to ask the next question then.
So yes, you still have, uh, eight people on the panel, but everybody's being quiet.
So I might have to switch to Safari.
I I've never been, uh, an Apple guy.
Uh, but you know, I don't know if it's it's just uh android or or if it's
just me i think i think it's just me because um like there's been jokes before it's just like
how many times will aztec rug uh this this episode and uh it's just i i don't know why, but I have a lot of issues with the X.
So anyways.
You know what?
I don't know if I've even asked you this,
but one of the things that helped me is I turn Wi-Fi off before I get on the spaces
because I go from inside of my house to outside for walking.
Like I think you do often.
I know you do often.
And when you switch from the Wi-Fi to the cellular,
it can create problems.
Once I started, I just turned off Wi-Fi
so there's no switching in the middle.
That helped a lot.
Anyways.
I might need to do that.
That could be what it is
because I do have massive ADHD.
So I'm always walking around while talking.
I employ the opposite method where I sit next to the wi-fi booster the whole time
there's a there's another thing to try i'll just chain myself to the wall
um yeah i i guess my last question you know kind of closing out guys is
what what should we expect from the hard money um you know Litecoin uh
rebellion the the hard money web 3 rebellion you know over the the next uh five years what what
do you guys expect to see and and um and what what innovations do you expect to see how how
do you think this uh rebellion is going to shape up?
I think that with privacy in everywhere, in a way that's compliant, I think we're finally going to get people into crypto, like the masses.
We're going to decomplicate things.
AI is making things easier.
Everything's way safer.
And I hope that my story contributes to that narrative.
But that's like my mission.
Like my mission is that, okay, we got grandma using AI, but she's still not using crypto.
Right?
Because there's way too many ways to get, you know,
robbed in crypto and it's just really still hard to use, right?
So that's my mission.
My mission is to get more usability,
is create more safety in the space so we actually get, you know, mass adoption.
So it's not just us.
I love that.
Boggley, Darren sent me a screenshot of the guests that are on the panel.
So I can't see you up here, but I'd love to hear from you.
How do you think things are going to shape up in the next five years?
What do you expect to see?
Hello there.
It's Boggly.
Can you hear me?
Yes, perfect.
Yeah, all right. All right. So the next five years, honestly,
I see a lot of regulation, like regulatory policies from the U.S.
and like this Clarity Act dropping will limit a lot of digital assets, but I think Litecoin will do a payments coin to more of a programmability in Web3.
And what I actually wanted to ask is like, is there going to be a stable coin integration in Litecoin via Lead VM like USDC, USDT?
um integration in litecoin via litvm like usdc usdt
yes so uh on the at the application level where you know you can have defy real world assets
ai the agentic world um in in these d5 protocols so we're we're looking to uh incubate a lending market a debt and in these
d5 legos you will be able to use usdp usdc any kind of uh stable coin that you'd like
and we have different like strategies of ways of attracting stable coins and stablecoin growth on the chain.
Of course, the focus is going to be Litecoin and that would be the main asset,
probably the main liquidity of the chain,
but you will have access to different types of strategies,
other assets on LitVM as well.
And the goal is to really kind of plug litecoin into web3 so that
it has all the utility that uh you know some of these other like tokens would have but in a
trustless manner so but yes to answer your question there will be uh stable coins on the chain
there will be stable coins on the chain.
One thing I'd love to see is a Litecoin backed stable coin.
So think of like a CDP style over collateralized,
maybe like a DAI styled stable coin
where you could take your Litecoin,
take a position on it and receive, you know,
this decentralized stable coin. And then you don't have to sell your litecoin uh take a position on it and receive you know this decentralized stablecoin
and then you don't have to sell your litecoin to to get access to stable coins um
and then let's say you wanted to use that litecoin back stablecoin to enter some type of
decentralized strategy so there's going to hopefully you you know, over time, it's, it's, it's going to take time to kind of build out all these pieces, especially after mainnet,
but hopefully there'll be many different types of options for people, uh, you know,
and, and different types of stable coins. I understand. Um, I mean, why I asked is because,
um, I would like to see, um, stablecoin integration at least the next five years, because ultimately a stablecoin is what a person would want to spend, like not just Litecoin for payments, but a stablecoin on top of Litecoin. They're mostly issued on chains which can freeze them. And will LeadVM be the one that stops the freezing?
Let's put a stop to this subject, to this issue, which most popular stables have.
Definitely.
So I think the thing that everyone has to realize is some of these stablecoins,
they have different types of mechanisms built into them.
So it's, it wouldn't be the chain necessarily, or it could be a chain that could freeze,
let's say like a stable coin payment or something along those lines. But, um, the reason I, I like
Bitcoin as my money is because it can't be frozen but there are certain mechanisms built into
stable coins that enable I don't want to like name any you know big names behind stable coins
but you know that enable them to either sensor a transaction or things of that nature however
from like a chain perspective with Litvm our goal is to be as decentralized as possible
with the modular stack that we're building
and over time become more and more decentralized.
So the goal would be to never have that ability
to be able to censor or freeze transactions.
to be able to censor or freeze transactions.
But people have to note that some tokens,
like if you were to, I don't know,
swap some Litecoin for some of these
very popular stable coins,
those stable coins as a token
have a certain type of mechanisms built into them so that would be something
everyone have to do their due diligence you know and kind of understand as you get into web three
there's all kinds of different things you have to learn but uh that that would uh that would be
a caution i would i would throw out there yeah i mean i i think me and rock talked about this before but we should uh you guys
should make a lit stable algorithmic coin that's not tied to like dollars um and because the the
main use case of crypto these days is it's still stables like yeah we have all this defy and and
yield and staking and icos but 100 billion dollars of volume a day on Ethereum and Tron just moving
stables. That's more volume than anything else, including, you know, the only thing that may be
bigger volume is just trading things like Bitcoin, Ethereum, et cetera, Litecoin, right? But in terms
of like real world use, not trading, it's a 90% stable transfer, right? A Canton network is doing an insane amount of
business in this space right now. $300 billion of volume a day. Just because private, private,
fast, stable transfer, right? And there's no reason, you know, and I don't think that their
version is the best version because it's too centralized, So I think there is a humongous opportunity for these other chains like Litecoin, LitVM to just create the correct solution.
And I don't think the correct solution exists yet.
And obviously, you want to avoid the disasters that we had three years ago, which made everybody to sort of latch on to the stable, under stable, USDC, USDT.
And it sort of killed the opportunity for further innovation but i think that opportunity still exists and
um i i think you guys should definitely do it yeah i'd love to discuss that with you um there
are a couple teams that are looking into some type of like like coin bag stable coin um the the goal of mine also
though because i i don't have anything against stable coins and stable coins will exist on lit
vm but i believe that when you add programmability to light coin it will also give it more functionality
and so from like a developer standpoint a lot of developers will actually plug litecoin into you know new
ways of payment methods or defy and and so then uh like will actually be used more and and be more
competitive uh against stable coins so i i hope to also you know i love the stable coins uh it
are like stable coins and i i don't have anything against them.
They have a lot of use cases, but I'd also like to elevate and add more utility to Litecoin.
But yeah, I'd love to talk to you about that as well.
Cool.
I'll leave you here in a second, but great to be here.
here in a second, but great to be here. Thanks for the space.
Thanks for the space.
Haven't been there in a bit, but great to be back and share some
thoughts, especially with the GM community.
Definitely. It's so great to speak with you and thanks for
showing up on Friday, you know, to drop some alpha on the show
and, and get us excited for more light coin innovation. Really
appreciate you.
Bogli, did you have any other questions?
No, no, I'm fine there.
Just a stable coin question.
For sure.
Yeah, good to hear your voice too.
I don't think I've heard your voice also.
I think Omid, you, I haven't heard your voice. So like we, we
talk on discord and yeah, only by text. I think it's the first time you hear my voice.
Yeah, that's right. Yeah. Good, good to see you here today. Um, is, is Jay still on the uh panel i am yeah i had a meeting meeting canceled so i hung around i've been circling the group
awesome yeah i wanted to ask you the same question really just you know how do you see the next five
years shaping up and i think you have a really um you know unique perspective just being uh so
tied into you know the institutional side of things and also all of the innovation that's happening.
And I'd love to hear your perspective.
Yeah, I agree.
Someone earlier obviously said, you get this regulatory clarity act finally off the shelf
and implemented out of DC.
I think that's going to be a real big catalyst and
i mentioned earlier i think that will then give the extra assurance to really see some inflows
and really create additional demand um to really kind of lift and accelerate the growth of of
litecoin and i think you're you're going to see and again to. And I think you're gonna see,
and again, to some degree,
I think you'll see all the digital assets benefit,
but I think Litecoin in particular is very, very well set
to benefit significantly from that kind of assurances
that will come out of DC.
But just kind of speaking more broadly,
and I know that you and I, Rob, you know, just kind of speaking more broadly, and I know that, you know, you and I have talked, you know, I think ultimately the path forward is to really see the growth of Litecoin and starting to roll out of smart contracts, DeFi.
And I'm going to probably steal this from you because I have it in my notes from a prior
conversation with you, but really seeing Litecoin emerge as its own kind of institutional pillar
amongst the digital asset community and really become an active part of the economy. And I think
it's really poised with everything that people are talking about just on the call today and
what I know that you guys are working on to really make it a very widely accessible digital asset. And we see where
it goes. I think it's just a very formative period with some really exciting stuff that's going on.
It's exciting for someone like me who's relatively new to come into this situation and talk and pick up
on what the development options are and where the path forward is. So it's nice to be on the
ride and I'm excited for really what the future is going to have. And I think it could be as soon as
you know, within this next year, I think we're going to see some big changes and then
within this next year i think we're going to see some big changes and then uh just takes off from
there i agree i agree i love how you summed it up and and i i really do see litecoin becoming the
heart of uh this term i use the unified world ledger that's it's actually a term that uh one
of our partners came up with which is espresso Espresso. They're a very innovative Ethereum blue chip project and part of our modular stack. of cypherpunks and early web3 enthusiasts had for kind of like Ethereum world blockchain and
smart contracts and that it was this everything kind of unified working together interoperating
and in this world that that is being built where all these chains will be able to speak to each other, work together, you'll be able to build strategies between chains and use assets cross-chain and just very seamless kind of environment instead of some of the clunkiness that we have today.
of the clunkiness that we have today i think this is is coming in the next five years and probably
a lot sooner than we expect especially with the advent of ai the authentic world pulling things
together and and making things easier to use and what i'd love to see over the next five years
jay to your point is that when you add programmability to Litecoin,
that it can not only exist as the hardest form of money and this beautiful asset with privacy
and all the innovation around it,
but it also is able to seamlessly plug into this unified world ledger
and be the heart and be the money that everyone uses and
and then we can build around that programmability and there will be new use cases for litecoin and
and of course as a litecoin holder i'm very excited to i guess kind of I speculate here and I've seen other case studies of other assets when they get more utility, it creates more demand and the price goes up.
So, of course, you know, I have to I have to say, you know, I'm super excited for or Litecoin to have more utility.
But yeah, I agree with you fully.
It's really exciting times.
It's still early.
It's still very early.
There's so much still to come
and I'm just happy
and it's a pleasure to be able
to work with everyone in the space
and continue innovating
and we're all going to have a lot of great stories to tell in the future.
Anyone else want to jump in, you know, give their thoughts on the future of, you know,
how they think Litecoin is going to shape up over the next five years Litecoin meta.
Five years is quite a distance. But talking about the closer future Aztec, would you care to share an update on how Litvium deployment is actually doing?
Last time I heard, I got an impression that the testnet was already pretty much there. Is that correct?
ัะถะต ะฟัะฐะบัะธัะตัะบะธ ัะฐะผ.
ะญัะพ ะฟัะฐะฒะธะปัะฝะพ?
ะะฐ.
ะะพัะบะตัะธะฝะณ ะผะตะฝั ัะฑะธั, ะตัะปะธ ั ัะบะฐะถั ััะพ-ัะพ ัะปะธัะบะพะผ ัะบะพัะพ.
ะัะต ะพะดะฝะฐ ะฒะตัั, ััะพ ั ะฟะพะปะพะถะธะป ะฝะฐ ะณะพะปะพะฒั ะฝะตัะบะพะปัะบะพ ัะฐะท
ั ะดะฐัะฐะผะธ,
ะฟะพัะพะผั ััะพ ั ัะฐะบ ัะฐะดะฐ. ะะธั
ะฐะธะป ะณะพะฒะพัะธะป ะพ like actual dates and just because I get so excited about you know me how I was talking about
that's understood yeah hey you know this this tech that he's been working on for so long it's
he's finally going to ship you know the wallet and this privacy you know is this quantum stuff
and I I totally resonate with that you know when you're building something you just want it to
to ship and you're so excited you want to you want to release it and um little things can come out of nowhere and it can it could be anything you know just uh
some technical thing or even you know some type of uh paperwork or or um just a decision that
takes time in web 3 you know we're all kind of between all the different teams you know we're
talking amongst ourselves it takes time to kind of confirm different things and so timelines i try to i
i'm now trying to be more careful but uh what i can say is that it is coming very soon um technically
like it's it's ready there are just little things that we're adding to it um it's more of like a
there are just little things that we're adding to it.
It's more of like a user experience for the test net
that we're currently adding.
So I'm probably saying too much already,
but of course, knowing that it's basically ready,
there's been an audit
and it's just the little user experience things
that we're adding.
Of course, we want to have some tutorials and different things and then roll it out with full marketing and PR, etc.
Knowing that it's right around the corner, I can definitely say that.
Yes, I completely understand the situation you are in. And I've been dealing with software development,
not as a software developer,
but as a guy providing the infrastructure,
providing the ways of deploying and monitoring the applications
that the developers have been working on.
And I absolutely get the idea of how complicated
all those last touches could get.
So, cheers.
Cheers, brother.
Thanks for understanding.
Rock and I want to say it's live today.
You know, we're so excited to ship it and get it out
and then start working with the community to start testing it.
We'll have more audits, of course, in the future once we have more information.
There's things that will also add to the testnet during the two-month period that's coming up.
And another thing that's really exciting is that I can't wait to start showcasing the type of technologies that wanna build on Litecoin.
So that's something to look forward to as well.
Just, you know, these teams will start coming out
and talking about, you know, building on Litvm
and new capabilities.
And so there's so much more coming,
but of course I don't wanna share too, too much.
But yeah, anyone else wanna, I think we're pretty much closing up. So, so much more coming, but of course I don't want to care too, too much, but yeah.
Anyone else want to, I think we're pretty much closing up rock.
It's been a really great space.
Um, it's such an honor to have Charlie Lee here and thank you.
You know, everyone that joined us on this Friday, Jay, uh, really appreciate you taking time out of your day to be here and um luke son of a light um you know seeing light
strategy up here um nerd girl ugly uh really appreciate it i didn't you know sometimes when
you when you throw these spaces together you don't know who will show up sometimes there's a lot of
people that can't show up you know last minute and things but this was a great space got to
really dive in and hear all the innovation you know last minute and things but this was a great space got to really dive in and
hear of all the innovation you know michael thank you for being here uh again i can't see the
screen so i'm just going by memory so if i missed any names apologize but yeah rock any last words
from you Litecoin meta is upon us. If the, and I think if the economy of the world wasn't in such weird shambles,
I think it would be a lot more clear.
Yeah, I think of the, there's this analogy in crypto that people use with bamboo.
How it grows grows like for years
I think I don't I can't remember the exact amount of years but it's like five
years you know all you have is this little shoot of bamboo and and underneath
the ground you have all of these roots growing and and growing and growing and
growing and then in the last kind of part of its its uh life it just
shoots up like crazy uh and and then you have these really long thick stalks of bamboo and a
big forest of them you know and and i believe that's kind of like how light coin is you know
right now you you see all of the infrastructure and the technology being built. And if you were looking at it at face value or just from the surface above, you might not see the intricate root system that's being, you know, growing underground.
But I guess being that as a builder, kind of being in the background, have that, you know, unique opportunity to see that system growing.
And so I'm looking forward to that day that the bamboo shoot springs up to the sky and then everyone will see it.
But it's good to be early with all of you guys here.
Yeah, thanks. Thanks for hosting and thanks for
the invite no i know we'll be talking yes definitely jay yeah thank you so much for
being here as well and thanks to everyone for being here today i guess we could probably close
up then um we're here every friday next uh week what is our topic, Darren?
I think it's aliens.
It is aliens, yeah.
We do have it.
We've actually got quite a star-studded group of people.
It's kind of like this week.
We've got definitely a lot of people that know what they're talking about.
Awesome.
Sounds fun.
You never know what you're going to get. There's health.
There's different blockchain technologies, you know, Litecoin meta.
The week that we got the Aave Loeb on, I don't think the Quicksup handle has ever received that many DMs just from random people in the audience in a single week.
in a single week.
Yeah.
I think maybe about
six months to a year ago,
we decided
to, because we wanted to pierce
the echo chamber, get outside of
echo chamber in Web3.
The crypto bubble.
The crypto bubble, that's a good way of saying it.
Of course, we want everyone in the world to join our rebellion here.
And so it's so important to kind of talk about other topics and then find ways of red filling, you know, everyone around the world.
And of course, you know, I love dropping light coin as much as possible all these spaces
so even though there's going to be a alien space next uh week i plan on dropping light coin all
over the place but um uh yeah it's it's it's fun all these uh topics i think we did a space on
psychedelics also nerd girl you you were the one behind that one and that was really interesting
as well so just uh you never know what you're going to get on this show.
Uh, but it's, uh, always a good time.
And it's, it's, it's great chopping it up with all the giga brains.
But all right, guys, uh, until next time, happy Friday.
I hope you all have a great weekend.
Uh, and hope you're all looking forward to all the
awesome innovation and things happening on Litecoin. Much love. Take it easy, guys.
Cheers, everyone. Thanks all for coming. This is great. And shout out to all the people in
the audience who come and make this thing worth it for all of us. I see Luke, uh, in the audience, Jose, Jared, King Dank Kush,
uh, Victor Brown, digital fellow, Ken folk, scientist, silent, uh, Naresh, um, Khaled.
Uh, let's see. We've got, uh, what's that curb. I think that's one of our friends the sage at least I see
I'm still on my screen good to see your brother MK another light coiner Leroy J
Oh Johnny light coin sup man captain a lot of light coiners here today uh who else do you see rock
top notch uh gaming squad by the way if you guys are following i'm following you back
i'm going through following as many people in the audience as i can george am another light
i'm going through following as many people in the audience as i can
coiner dk cardano i i wish you would have came up and talked brother i see you here um star boy
nice king alex also i see a lot of uh thecoin chads, the Ornol collection in the audience.
Hamid, Keith Island Key, another Litecoin supporter.
I think the questions were pretty broken today.
If you want to run through them, Rock, there's not too many because it was weird to get to.
Sorry, what was that?
The comments were pretty broken today.
You had to, like, it was pretty hard to find them.
Yeah, what happened with that?
Why was that like that?
I don't know.
It's just today.
It's a little buggy today.
But, yeah, I have to jump off, guys.
Yeah, much love.
Brock, I don't know if you want to close out
or how you want to do it, brother.
Darren, you said there's some questions.
You want to read them?
Not questions, just comments.
Yeah, go ahead.
Yeah.
The QuickSwap account wrote,
GM, I am feeling a little lightheaded
looking at all these awesome speakers.
Yes, I do write my own jokes.
Leroy J said, locked in on the Litecoin meta.
Scientist replied, our bamboo is shooting up soon for sure.
The QuickSwap handle replied, is this a euphemism?
Timmy Arnold said, amazing speakers as usual.
And then there's quite a bit of spam.
I think that was it.
I don't know what happened with the comments today.
Yeah, for some reason,
it's like the weird format
where you can't actually comment from the space.
You have to go outside of the space to comment.
I don't know why that happens.
It happens to BitAng angels a lot for some
reason but that usually happens if you start on a pc okay all right guys well that was fun
and thanks darren for helping uh with everything you do uh producer darren and uh yeah cheers
everyone who came catch you all all later. Have a great weekend. Bye-bye.
