Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Scaling Litecoin’s Impact: Strategic Growth, Adoption & Global Vision
Recorded: July 31, 2025 Duration: 0:58:40Space Recording
Full Transcription
Hello everyone, welcome to another series of our X Spaces. And David, can you hear us? Yes,
can you hear me? Yeah, perfectly. And we're ready to go. Did you get your coffee? I got my coffee.
I got a glass of water. I think I'm good for a little bit. Awesome. So, welcome again, everyone.
I'm Dimitri, co-founder of Satoshi Club, and today we are diving into the world of Litecoin, speedy,
reliable crypto that's been quietly powering the future since 2011. So we've got an amazing guest,
David Schwartz, board director at the Litecoin Foundation. We'll chat about
Litecoin's strategic growth, adoption strategies, bold global vision, including Hot 2025 updates
like ETF buzz, layer two launches, corporate treasuries, and so on. So let's kick things off, David.
Thanks for joining. Can you give us a quick intro about yourself and your role at
the Litecoin Foundation? Yeah, sure. First of all, thank you again for having me on.
And it looks like we're having a pretty good turnout. So I want to thank the Litecoin community
and everybody else who's turned out for the spaces. Thank you. For me,
I've been a part of the foundation since February of 2018. Started out as a volunteer for
about eight months and put together the first Litecoin summit, which was in South San Francisco
back in 2018 as well. And just sort of continued to grow within the foundation's parameters,
and was brought on as a board director last year, along with Alan Austin, Charlie, and a few others.
And I've been working on strategic partnerships for the foundation and for Litecoin in general for
the last six years. Thank you. And just just just for start, do do you see Litecoin as silver,
Bitcoin as gold, or it's like a cool younger sibling? How about both? I see it as both, yeah, yeah,
yeah. I think it can be anything to anyone, and some people will look at it as you know silver
to gold. Others will look at it as as kind of a cool thing where you can do you know
faster payments for cheaper. Maybe they look at it as a place
where they can have a you know a basic level of privacy through mWeb. You know,
maybe they look at it as a treasury, which is something that's come up now for Litecoin.
There's whatever it is that you'd like it to be. It can basically be. Yeah. Cool.
Maybe we we can continue with the big picture and then we can we can narrate.
Like Litecoin has been around for like almost I don't know fourteen years
or something almost fifteen, right? It's like getting there. Yeah, fourteen in October. This October
it'll be fourteen. It's like forever in crypto, right? Fourteen years
in crypto is like almost forever. So, what are the key strategic initiatives I would say
the foundation is focusing on right now to drive continuously growth into this new bull market,
if if we can call it a bull market. Yeah. Yeah, if we can even call it that,
I would say always payments, right? Always trying to figure out how to
how to make Litecoin relevant within the payment space. I think we've done a pretty decent job
of that within crypto. A lot of the different crypto payment processors have Litecoin as one
of the leading, if not the leading, payment option, including stablecoins in that.
And so that's always something that we continue to push forward on. A lot
of it has to do also right now with making sure more people are aware
of the the basic optional privacy layer or you know addresses that are part of Litecoin.
That's a push that we've been going through lately, and then also it's you know it's waiting on
no less than three spot Litecoin ETFs. Three of those are in the U.S. There's a couple outside of
the United States, and you know some of them are basket ETFs too. So also pushing the fact
that Litecoin is sort of this hybrid. Payments every day type coin as well as a store of value.
It can be both, which is probably more resemblance of what real money is.
And so those are the things that we're really concentrating on right now.
When you're mentioning payments, you're referring probably to the PayPal integration as well.
What was that? PayPal integration. Oh yeah, sure. PayPal. If you now that one's not necessarily
traditionally a crypto payment processor. So if you were to, you know,
which is which is good because that means it's outside of the sphere of Normal influence
of the crypto space, but if you are talking internally, then you're talking about like a Coinbase,
a BitPay. There's, there's obviously others, but those are the two that sort of jump out.
But PayPal is definitely, I like Venmo. It's in Venmo. So those are, and those are ones that we,
we technically we didn't have anything to do with. Those decided to add them on their own.
So to have something like a PayPal add a very select few cryptos to be a part of it,
and Bitcoin was one of them, was was a was pretty cool. Yeah, since we're talking about this,
have you seen the latest reports of the White House about crypto, state of crypto in the US,
and US plans to become the capital, crypto capital of the world, as as the president mentioned?
So I would I would ask how how do you like how do you see this administration's position?
How would you adapt to benefit the the most from this new new policies from the White House? Yeah,
I didn't read it fully in depth. Was it just to maybe rephrase? Okay. How do you see
Litecoin benefiting from the new approach of the White House? I think it will end up benefiting in
terms of it's naturally one of only two real commodities within the digital crypto space. So Bitcoin
and Litecoin. You know, there's some question as to whether Ethereum is a commodity. I think. To me,
it it technically is not, but it did get a pass from you know the CFTC, so it is recognized by them.
But I would say, you know, being a commodity within the crypto space in the United States
is a big deal. So that's something that we want to try and capitalize on,
which goes back to store of value, right? So when you have treasuries and ETFs and stocks
and whatever that all are highlighting, Litecoin as a asset that they value, that's a good thing.
So I think within those in in that area, it's it's something that we want to capitalize on.
I do feel like The United States government is really stressing stablecoins as, as you know,
when they talk about cryptocurrency outside of Bitcoin, they really stress stablecoins
as something that they're interested in, and the reason I'm probably being
because it doesn't threaten the U.S. Dollar necessarily, because dollar will be backing most
of those if they if they're regulated or given the green light by the U.S. Government. I see
that as something that they're highlighting a lot. I don't know how that necessarily.
Helps Litecoin specifically, other than perhaps the people that want to do the opposite.
Maybe they don't trust stable coins, or they don't trust the issuers or the coding,
or something like that. And they're looking for something that's more organically
its own payment system with some privacy layer to it. So maybe that's where we get some outliers
that either dabble in both or are not really comfortable with stable coins. Yeah,
and maybe we don't know many details yet, but maybe in the future with the national crypto reserve.
And the administration mentioned earlier this year that they will include U.S. Made coins.
Let's say, and yeah, Litecoin obviously is is one of them. So you can benefit from being added to
this list. Probably this will give maybe confidence to investors and institutions to even add
more right coins to their treasuries or or their investment portfolio. It's interesting. It depends,
I guess, on who you talk to on what they list as U.S. Coins, right? And so there is
some subjectivity or bias in that. So it would depend on who's creating that official list per se.
For the U.S. Government, but I would obviously, you know, Charlie, having gone to MIT,
worked at Google, is a U.S. Citizen, created it while he was here in the United States.
I would say that that it's a U.S., you know, created in the U.S. So there could be some advantage
to that as long as those in the seat of power see it that way as well.
It's definitely a U.S. Project. I mean, if Litecoin is not a U.S. Project, then who is? Well,
you know, logic would tell you one thing; actions will tell you another. So,
being in the space for a long time, especially working with Litecoin, I've seen. Heavy,
heavy amount of suppression or ignoring of Litecoin, even though things may seem very logical
and obvious. People are people, right? So hopefully they see it like you and I do,
but that remains to be seen, I guess. And maybe with me and you and one other new million addresses
added over the last eighteen months, hitting a record hash rate of 3 quadrillion. And the last year
and a half, it's it's a big growth. And I would ask, like, what do you think was the main catalyst
of this new growth of new addresses and record record hash rate? What was the main drive,
and which attracted people to to join the at coin, let's say? Well, I'd love to say it's marketing.
Your intern is very good, if we can call him intern. Oh, yeah, it's a it's a group.
They're doing a good job. It's uh, I I I I can't. Say that it's like tied to the the X handle
or whatever. I think there's been a lot of efforts on many fronts to continue to educate
and promote Litecoin through various channels, and I I think consistency in messaging
and in utility works right. So like if you if you have people that want reliability
and you know expediency and cheap fees, they're they're always going to come back
to what actually does that. And so I think you just have You have this heavy reliability
on consistency naturally as a human being, and and Litecoin, you know, checks all those boxes.
And so, even though you have people that'll, you know, maybe speak down about Litecoin just
because it's been around for a long time and it does, you know, what it does,
it does very very well. But in the sense of the crypto space, if things aren't sexy and flashy
and catching your attention twenty four seven, it's boring, and that's not what draws, you know,
some people in. And so. All of those growth numbers—they're consistent, not just through
the last year. I would argue they've been consistent over the last, you know, seven, eight years,
easily. So, one second—I gotta find out what's going on with my dog here. Yeah, sure, no worries.
Maybe he—he saw a cat or something, or he's too excited about the space. Well, we're in a camp,
we're in an RV park, and so somebody probably walked by and caught his attention,
or he's agreeing with me—one of the two. I don't know. What what kind of dog do you have?
He's a he's a mix between a lab and a Carnicoresco Mastiff, so he's a watchdog,
but still a sweetheart at the same time. Yeah, very nice. I love dogs as well. Yeah, thank you.
Yeah, so anyway, I would say that these these metrics and the growth, that everything's been
consistent and growing well beyond the last twelve months, but we are hitting some milestones that
I think are very interesting and very telling at the same time. As much as people are interested
in meme coins and you know yield and all these other things. Litecoin doing what
it does very very well still continues to grow and that tells you that there is a need
for you know utility and reliable utility so I would say that's probably the biggest part is
just people they don't they don't technically like people that actually use it
and understand what Litecoin is they don't leave they don't leave they just you know most most
of them have a stash that they hold and the rest that they spend or transfer to loved ones
or whatever else and that's really all we're looking for is is that's that's the The biggest,
I would say, indicator of real money, right, is people are able to hold it, they're able to use it,
and they like doing it. Yeah, absolutely. And if we talk about treasuries, we've seen like,
of course, it started with Bitcoin strategy, and many other companies started to add Bitcoin
as their as to their treasuries as a store of value or as investment. And we started to see recently
funds moving to other coins. Projects like Ethereum and other ones, and recent corporate moves such
as May Pharma pivoting to 200 million dollars to add Litecoin to their treasury.
So we see starting rotation of capital in this big institution to add other coins as well
to their treasuries. Also, Luxfolio, right, increasing its Litecoin stake.
So everything is signaling institutional interest. So I would ask, what what strategies are in place
to attract even more companies to hold Litecoin as a reserve asset? And maybe do do you think
there is a need for new strategies to to attract new companies, or they'll just come naturally
and invest in Litecoin? Well, first, I'd like to give a shout out to Luxfolio. I see them out here,
so they were the first to add Litecoin as a treasury for their publicly traded company.
They're out of Canada, and then as you mentioned, MyPharma is the other one. I think for Luxfolio,
just having spoken with them extensively about this over the past few months, leading up to today,
they see the value, and honestly, they were shocked that nobody else had done it yet at this
at the point that they had done it, which was added as a as a treasury play.
But I think the selling point that we would use moving forward for anybody else who's interested
in doing it is there's an opportunity for one of the most One of the most popular,
one of the most used, and one of the most undervalued assets in the digital asset space,
in Litecoin, where they could invest in it, and then also support that ecosystem by investing in
the companies and the projects that actually, you know, are are revolving around it, right? So,
there's plenty of Litecoin-centric companies or companies that highlight Litecoin as a major player
within their, you know, within their project that could use funding to make What
they're doing expand to other regions of the world or to other underdeveloped areas,
and so any company who would be investing in the Litecoin treasury play could actually become
a major player within the space in general by investing in the projects that are making
it even better, and so that that would be our selling point to anybody else.
And by showing the companies that have already done that, so Luxfolio being the perfect example,
investing in it as a treasury. First thing they do is they start, you know,
aligning themselves with projects that are concentrating on Litecoin and improving
the user experience, and and you know, investing in them, and then also investing in mining
to help secure the network, right? So they're going to find multiple revenue streams that come back
to them that then benefit the shareholder, but then also benefit the ecosystem.
It's a much it's a much better play than just straight up investing in the asset itself
and then doing nothing else, right? So that would be what we sort of. Would push forward
to any other company, private or public, that would be interested in doing this. Okay,
and let's say a company comes comes to you and asking you, if Litecoin were a superhero,
what would be superpower? Well, you know, I mean, they have a superhero called Silver Surfer, right?
So that one's pretty cool, just because of the name. But I would think, I don't know,
Flash is pretty strong, and he's fast, right? Seems to be a decent guy,
so all those things to me would be probably a decent superhero too. Would be somebody like
like Flash, maybe. Yeah, yeah. I I just picked this answer to be honest. Flash,
Flash was thinking about as well. And okay, if if we move, if we try to look ahead, and yeah,
we we we've seen that the ETF was delayed until October, right? If I'm not wrong, so.
What do you think will happen in October with the ETF approved? Do you expect
huge inflows from the ETFs, like like the other coins had? Um, well, the others being Bitcoin
and Ethereum, yeah, yeah, I, I don't know. They've had like at least a year's head start, right?
It's almost two years technically if you think about when Bitcoin finally got their first approvals.
So they've pretty much had the field to themselves. But I, I think it will be interesting. I,
I do believe there will be inflows because the The ETF filings; the companies that have filed them
have had a decent amount of time to to recruit people to see that or be interested in investing
within, you know, the short short time after it goes live. I think I'm it's kind of a mixed bag
because there's going to be a lot of cryptos that probably get ETFs approved within
a like 30 to 45 day window, which includes Litecoin. So. It'll be good for exposure that all
of these are getting, you know, approved within a small window of time. But it's also not,
maybe not necessarily a great thing because then the amount of capital
that would be normally flowing in to a select number of assets will now be like. Granted,
the same person who's probably going to invest in like a Dogecoin or a, you know, some other ETF,
you know, an avalanche ETF or whatever, maybe they're they were never going to be interested
in investing in a Litecoin one to begin with. So maybe you're really not losing.
That specific capital, but I would think those are probably more retail-related investors
versus institutional investors, and I think that's where you end up having to go back
to the commodity narrative, which is ultimately institutions, although they may invest in something
that has a little flash in the pan effect right now. I don't think it's necessarily a long-term play
for them, right? They're going to be looking for long-term plays, so that's where you know Litecoin
probably. Falls into a tier either equal to or just below the Bitcoin Ethereum because they've had
such a large head start already, right? But they they will be right there in that in that area
long term. So I would think these ETF plays will prove to be very beneficial for both awareness
and price for Litecoin. Yeah, one hundred percent agree with you. So if if Litecoin ETF
gets approved in October, would you have a light party or a not so light party? You know, I mean,
they've been delayed like four times already, or three times at least. So I mean, at this point,
it was it almost be like a relief versus. I suppose maybe we'll have a party. I mean, you know,
one one year we had a a birthday cruise, right? And I know people are asking for
another Litecoin birthday cruise in October. Maybe that aligns with these with these ETFs
being approved. But there's you know some logistics that go into it. So maybe that's maybe that's
how we have a party, right? Have a have another Litecoin cruise. But other than that,
I think it'd just be what's that one meme where it has the the stickman that's staring at
the screen, and then something happens. He throws, you know, he holds up a candle,
and then he goes right back to work again. And I think that's pretty much, at least that's
how I'm going to approach it, because that's just one more thing that's been checked off of our list
of things to do. Yeah, finger finger crossed to see it adopted as soon as possible. Yeah,
and speaking of the ACC, how is your team approaching broader crypto regulatory?
Let's say around the world. Do you see any hurdles on this side, or everything is okay for Litecoin?
No need to adopt new regions to new regulatory changes. Um, we always try to talk to
different regions. I think some are more interested than others at this time,
and and then it also depends on the governments that are running the region. But um, I I uh,
I think I think overall, there's definitely a lot of interest. In Litecoin,
some of it we we pursue ourselves, but some of it comes to us, which I think is a good indicator
of the health of of how Litecoin is seen globally. We've had you know banks do
due diligence on Litecoin for you know potentially upcoming apps that will be coming out
where there's you know trading within the app, and never had any problems with them.
Exchanges are perfectly fine with Litecoin, even with the optional privacy addresses on mWeb.
We did our due diligence on all of that prior to trying to get that adopted on the chain.
And obviously, you know the ETFs are are going to go through, and so there doesn't seem to be
the concern with any of it on that end either. So I I don't see any real headwinds with any of that
going forward. Yeah, and the launch of Lite DM or Light DM, not sure how to say it. So,
as Light yeah, Lite DM, yeah, Lite DM, it's Litecoin zkmm chain layer two, and this year it brings
smart contracts, interoperability, interoperability, scalability, and how how do you think
this positions Litecoin for DeFi RWA? Since it's it's hot nowadays, right?
And that predominance globally in general. Well, I think it's a good thing.
There's a couple different projects trying to do. Very similar things.
So there's a there's a there's a project called Litecoin Computer. They're looking to do
very similar things, but in a different manner. So it's not like there will just be a singular layer
to option on Litecoin, which I think is even better. But LitVM itself has a very unique proposition
and a very strong backbone to it, where I think they're, I mean, they're literally leaning forward
into Litecoin in a way that I haven't seen in a long time. Pretty excited about it actually.
Because I'm, I'm very much like not into the whole casino, meme coin, all that stuff.
Although there is a place for it, you know. I'm not, I'm not saying it shouldn't exist
or anything like that. I mean, but that's just not really what I'm interested in.
What I'm interested in personally is more like RWAs, you know, being, being on
the Litecoin layer twos, not necessarily on the base chain, like you know. So. Smart contracts,
stable coins. I think stable coins are something that's been sorely needed on Litecoin
for quite some time. Smart contracts. I'd I'd love to see those things happen, you know, within
the next four six months, which I think is completely realistic in the trajectory
that they're going. So, I think it's I think it's something again where over time,
if you've had an asset that's been reliable and never gone down in 14 years,
I would like to think that if somebody wants to build something similar, that's been on a Solana
or an Ethereum or whatever, and there's been downtime or questionable, you know, you know,
maintenance times to do things. You want reliability. You want something that's, you know,
it's maybe cheaper to do. It's going to be faster, and it's based off of a commodity
versus something that you know relies on whatever else. I would think they would want to build on
Litecoin or at least attempt to build on Litecoin or at least look at it as an option. Yeah,
you mentioned you're a fan of RWA. I'm also looking at this very closely.
And what do you think would be the most useful use cases, or which ones are you most excited about,
and you see them integrated or being developed on Litecoin? Well, okay,
so I have two two thoughts on this. One is from my own my own interests,
which would be I'm big into collectibles, like sports collectibles and stuff.
So having having You know, projects or collectibles that are on Litecoin.
I think those are endearing and they they stay. Right, it's not something
that necessarily goes away. But I think there's, from a practical sense,
we talk about commodity reliability, all those things that go into what institutions are looking at
or people of influence are looking at. Being able to have real estate. On on Litecoin as a RWA
or you know fractionating ownership of of things that to me there's there's that's attractive to me
as well. I think it would fit very well into the Litecoin ecosystem. Yeah, absolutely.
Do you believe in the four-year cycle? Because this time, like we had a Bitcoin run,
but we didn't still didn't have yet not coin run. I mean, so do you still believe in this cycle,
and it is delayed this time, or it will be different? I suppose you have to believe in it
until it no longer exists, right? But I I think. As many other people have written or spoke about,
I do believe that it feels different this time, and I believe a lot of that has to do with the fact
that there's a lot of institutional interests and sovereign, you know, country interests.
Maybe it only affects Bitcoin more than all coins, right? Maybe all coins have more
of a four-year cycle than Bitcoin does at this point or Ethereum, but I do believe
that it's starting to buck that trend to where you're not going to see, you know,
70 to 95 percent drops in in Fiat value of assets necessarily. Maybe it's maybe it's half that,
right? And then that that's what we call our bear market, or maybe it's even less than that.
Who knows? Maybe it's going to be whatever it is now, like like or Bitcoin sort of
on this slower trajectory over the last six to nine months, and that's how it goes going forward.
But you see a lot of people talking about God candles still, right? So you're going to see like
these massive jumps, and if you still see massive jumps like that, then you should still expect
massive drops. So until you stop seeing massive jumps. I think you still should expect some sort
of cyclic, cyclic type of behavior from these assets. Yeah, yeah. And what's is interesting
in this cycle as well is like we see big interest from institutions, a lot of capital,
a lot of investments, but not yet from retail. So I think this is one of the reasons that altcoins
are still underperforming. And once we see retail coming again, aaping into altcoins,
we we probably would see the all season again. But yeah, let's see. Yeah,
I think we're still very underexposed to the general public. I mean, my wife
and I we just went to a coffee shop yesterday, and I was talking to an individual who obviously has
a decent amount of net worth and still has no interest in Bitcoin, even. Right. So,
if there's no interest in Bitcoin, there's obviously not going to be interest in a bonk
or or anything else, right? So until until Bitcoin can completely shatter the normal guy's view
of what, because all we talked about yesterday was like, well, these are just numbers on a screen.
I can hold my gold. I can see my real estate. I can see my home. I can, you know, and I was like,
well, I mean, if you can see your numbers tied to your stock, I mean, there's no difference really.
And we just went through all these different things having to do with, you know, what is
the Federal Reserve, and you know, you don't see your dollars necessarily.
Like the majority of his payments are digital. It's not any different.
So just trying to shatter those, those, what's the right word? But those stigmas that are tied to
Digital assets is still something that needs to happen on a larger scale. Yeah, like Warren Buffett,
right? If you don't see it, if you don't hold it, sure, it doesn't have any value. Right,
but then he gives it the title of something that's physical and rat poison.
So I think that's ironic. Yeah, yeah, like lack of imagination. If if you can see only
in the physical world, right? Uh huh. Yeah. So no metaverse for for for these guys.
I you know honestly. I think the other thing that obviously we'd like to concentrate on more is Web3
and the metaverse too. So I mean, LitVM keeps talking about the Litecoin Meta.
I think that's pretty cool. Sooner or later, it'll be driven into people's heads so much
that it just becomes commonplace and not such a niche thought. So yeah, we'll see how
the next six months go. I think everybody's sort of anticipating this large bump within
the last three months of the year, sort of like the bull run climax, and it'd be very interesting
to see what happens. After you know December of this year, if we're playing out another cycle,
or if it's just continuing an uptrend that goes for a while. Yes, and you know some of these people
will maybe I don't believe in crypto. I would say believe, I don't pay attention to it for now.
But when we'll continue to see new companies and new companies adding it to their treasuries,
they would say, oh, if if all the companies in S P 500 have Bitcoin in their treasuries.
Why shouldn't I have? Even if I don't like it, or even if I don't believe it, just you know, even
if I don't like an asset, I just can have it to diversify. So in time,
I think all these people who now are sceptical about this, probably they will just have it.
In their portfolio, yeah. We won't even know they have it in their portfolio, right? Well, I mean,
sure, they don't even have to directly invest in it. At some point, whatever they're investing in
will already be invested in it. You know what I mean? So yeah, yeah, like strategy. It'll be yeah,
it'll be like the internet. Most people don't really know or understand how the internet
actually functions. They don't give a crap, really. They just want to be able to have
their their their Zoom call with their parents back home or whatever. And they have no idea
the intricacies behind all of it, but they're using things that you know they never would invest in
directly themselves. But a lot of the companies they may invest in on their on their stocks
or whatever else are the ones that are invested in it. So, yeah. You know,
if there is something you would like to share, for example, something you release this year
or maybe next year, or something the foundation is working on, but it's not public yet,
and you think you like really very important and you're really excited about this,
can you give us some hints about such kind of development from from that kind of foundation?
That look, we are building something like this, and it will be in the future.
And really excited about this, but it's not public yet. Um, yeah, I I would say
we normally we normally don't do that. I I think the practice behind that is
until things are completely solidified and it is a done deal. There is no doubt
something will happen. Even then, we wait until it's basically time to reveal it.
And the reason being, it's still such a touchy space. And you know, some partnerships look
like they're heading in the right direction, and then all of a sudden, the last second,
there's some sort of a turn or something happens, and then something you've been building out
or working on, revealing for six months, then just doesn't happen. And so,
we've taken the stance that unless there's unless something is 100% done and ready to announce,
and like there's no turning back on it, then we just don't we don't really reveal anything ahead
of time. But I do think. Something that's come out in the last few months that we're very happy
and excited about is a new native Litecoin wallet called Nexus Wallet,
and and it's it's replacing the old Light Wallet. So this Nexus Wallet is a new generation
where it has both regular Litecoin addresses and then of course
the optionally private Litecoin addresses tied to it, so you can send and receive on both types
of addresses. And people that utilize the the optionally private part, the M Web part of it.
Those those balances are hidden, right? And the transactions between those types
of addresses are hidden. So it gives a level of fungibility to Litecoin.
We're pretty excited about that, and we've been working with other wallets who are in the process
of adding mWeb addresses to their wallets. It's just it takes time for them because you know
their roadmap. Either they're trying to plug it in somewhere where it wasn't necessarily
in the roadmap, or it's further down in their roadmap of things to do.
But I think that would be something for people to watch out for over the next four to six months,
as additional wallets adding mWeb into their their services or things that they support inside
of their wallets. Good, thank you. That's good enough. Yeah, I didn't expect you to share
some hidden alpha, but yeah, I had to try. You know, for the sake of the community. Yeah,
no worries. Shoot your shot, right? Yeah. Yeah. Didn't you have problems in Europe with Mika
because of private features you added? Actually, no, no, and kudos to to Jay Mila,
our marketing director. He went ahead, did a he actually submitted it a micar
and and it's being utilized, and so that is something that we're proud of as well.
And and I believe the Litecoin Foundation handles on here, and I know Jay's behind there right now.
So Jay, thank you for that props. And and so I think Europe isn't. I think the UK,
if you were to try and maybe pinpoint one country that might cause some issues potentially,
would be the UK because they are really starting to go the line of some sort
of dystopian government oversight of people's funds to the point where it's like you know,
privacy is going to be even more key in places like that in the future.
So we'll see what happens there, but but no, no, we don't necessarily have an issue with that
at this point. I'm just your team, then professional guys. So yeah, I was browsing to the questions.
We have, I think, around 300 something questions under this space. Yeah, couldn't read them all,
of course. I just all browse through a couple of them. Questions from question from Chuck:
What Litecoin's long-term vision for becoming more than just a payment coin?
Is the team thinking about integrations with broader Web3 ecosystems like identity
or cross-chain functionalities? Yeah, so there are some projects who are looking to provide
more interoperability between Litecoin and the greater Crypto space in in what you just mentioned,
but also I believe the layer two solutions that build on top of Litecoin are going to open up
a huge opportunity in what other chains have been experiencing and enjoying now for a few years.
Those layer twos, I think, are going to be the answer because building inside the base code of
of Litecoin, I mean, even even our our our optionally private addresses, the mWeb addresses,
are an extension block, right? So it just involved a soft fork that allowed the extension blocks
to then be tied to each new block that's created. But it's not actually like if you look at Monero
or Zcash, their privacy is literally built into the base code. So it's in every chain, you know,
every block that's created, the base block. So MWeb is an extension block of that.
So all of these other things that we're talking about outside
of what Litecoin specifically was built for, originally, those can be tied to Litecoin,
but they won't necessarily be in the the base coding, the base block coding, if that makes sense.
Yeah. And another question from AU Outlaw. You list most used crypto for payments.
Can you share adoption metrics by region or vertical? Yeah, I just I don't know. Yeah,
blockchain of course is not showing you the regions maybe, but I'm curious.
Do you have any Some data regarding to adoption globally, where it's most used, North countries,
yeah, most. Well, yeah, I would say it's usually just by asking some of these wallets. We've done
that historically over time. Can you give us some metrics or whatever? And by far, the United States
or North America is where there's the the most usage or exposure to Litecoin. But after that,
it's um, um, I would say the the Asian sector and then also the EU, right?
And so the areas that we would like to concentrate on having more growth would be Latin America,
which we're seeing it. But also, you know, Africa and the Middle East, which we're seeing some in
the Middle East as well. But Africa, I think, is the one we're we're probably lagging behind
the most on. All right, thank you. And to let's say to continue this discussion on region expansion,
the next question will be from Bullish King, Bullish King, actually. So he's asking,
how are you targeting these regions with low adoption for for Litecoin to to expand
your global user base? What would be the local approach? Yeah,
normally it would be maybe addressing. Wallets that are native to those regions,
and then asking them to add Litecoin. Like I'll use Africa as the first instance. Most of Africa,
if there's any interest in crypto, it's mostly tied to Bitcoin. And so, you know,
getting them to understand that that they're able to expand whatever the reason was for
them using Bitcoin, they could expand that to a lighter version of it that helps people
to maybe not pay so much for fees, and perhaps they're using. Litecoin for the actual sending of
of you know the value from whomever to whomever and maybe they're holding it originally in Bitcoin.
I mean, there's different ways to do it. I mean, at the end of the day,
once they learn more about Litecoin in general, then they're more prone to use it.
So there's some conferences that are popping up in Africa more and more now.
So maybe getting some more exposure at those actual conferences is something that we'll look more
into. But of course, all that takes funds too, and and the foundation is a nonprofit,
so we have to be very selective in what we're spending the funds that we have donated to us on.
But it is something that I think we we'd all like to see more of. And then in the Latin American
market, there is definitely interest in in Litecoin, and we've had talks with like Hashdex is out
of Brazil, right? And so they're the ones they have a basket ETF that's looking that's waiting for
approval in the United States. But maybe at some point there's a Native to South America
or Brazil type of ETF for Litecoin, you know things like that, and and then
that that'll end up opening doors in that region to you know institutions
or investors as well beyond just buying at spot. Yeah, and as you mentioned, foundation,
do you like do you live only from the from the donations you have, or do you have some other source
of revenue for for the foundation? No, it's mostly donations, and that's the tricky part
for a nonprofit. So. The foundation's very much a a mirror of of Charlie, the creator, right?
So Charlie Charlie divested his his holdings in Litecoin so there there wasn't a conflict
of interest. He works on it every day, right? So he works. He's constantly like you see him
in the news for all the different things having to do with the Treasury or ETFs or whatever.
But he's been doing so much more than that ever since I've been a part of the foundation.
He just he hates attention, so he'd rather just work in the background, do his thing,
and the foundation kind of like has that same. Mode of apparatus too, right?
So like we don't we don't have a large don't have a large treasury. There was no stash
that was put on the side for the foundation because the foundation came in 2017.
Litecoin was started in 2011, so you have like almost a six year gap between
when Litecoin was created versus when the foundation came. And so everything the foundation does
is really based off of donations, and we're not driven to find a lot of revenue based.
Ways of having money inflows come because then you start perhaps endangering your nonprofit status.
So we have to be very careful with that too. So if if we don't have a large treasury,
and then that way we can say, look, when you know when I talk to companies or whatever,
and they say, well, what does what does the foundation get out of this?
Which is a very common question and very logical. Um, I just tell them, look,
what the only thing that foundation's getting out of this is more attention for Litecoin, right?
Like we're not benefiting monetarily from this per se. We're just helping grow the ecosystem.
And that's really the that's the entire goal of the foundation to begin with. So
if we start changing our focus from promotion of adoption and education of Litecoin to the you know
the collection of inflows for our own foundation, you really start getting into a messy,
dangerous area where it becomes very tempting to do the latter versus the former.
And so to stay true to to what the foundation is meant to be there for, um, yeah,
there will be opportunities, and you know, probably try and go into a few of them,
but it's really not the main focus at all. So it's not like for Ethereum,
whatever they need a couple of millions to just sell some ETH. Yeah, exactly. And and you know what?
I mean, that's fine if that's how they want to do things. That's fine. Um,
I it's not fine in my book, but I mean they they are able to do whatever they want. Uh,
but we don't we don't have that. So like obviously our biggest donor is is Charlie, right? Um,
but we do have people around the world who love to donate, and um, we have
other donators who have done you know some great some great things for us. Um.
And we have a bounty program, so if there's things that we're trying to promote having being done on
Litecoin or you know some projects that could use some funding and it helps the ecosystem,
we help promote through that bounty program. So if anybody's interested in looking at what type
of things we're working on, you go to light. Space and you can look at all the different projects
that are being worked on. And if you feel like donating any of those, then you just you do that.
And if you want to support Litecoin ecosystem and Litecoin Foundation,
you want to see Litecoin being here for the next decades, go and support them as well.
Small donations. Would also help. Yeah, every donation helps, and we have a gift shop,
so there's things that you can buy, like coin t-shirts, cups, whatever else. So
if you just go to litecoin.com and then shop, you'll see things there.
So every time you purchase something there, a portion of that goes towards everything that
we're working on too. Yeah, and when when you're mentioning that Litecoin Foundation
resembles Charlie, I remembered back in 2020, 2021, I talked to Charlie.
Trying to convince him for one year to to have a chat in our community,
and I was so happy that after one year he finally agreed, and he did that. But yeah,
he really didn't want to. Yeah, but that's him, right? He's like yeah,
and he loves sharing the he loves sharing that attention,
and so he's like always pushing you know some of us other directors to be on on you know interviews
or spaces or head head a certain project or whatever, so that you know that's that's shared out
between everybody. He's really not. He's really not a selfish person, and he loves seeing
other people succeed. So I think it's great. Yeah. And yeah, we have almost almost one hour
of our space. We have a long day ahead. I hope it was a good start for a day.
But maybe you can give some final advices to our community. What would you let's say this is this is
my biggest thing I learned in crypto. Just follow this advice. It will be good. Yep,
I would say never trust anybody. Always make sure you verify everything through all the means
that you have yourself first. That includes anything I say or Charlie or anybody else.
Always verifying yourself and trust in the research that you do. I think that's probably one
of the biggest stumbling blocks that our space, and I'm sure it's reflective
of the general population in in in anything that we do. But being able to have research capabilities
at your fingertips through everything that we have now available. You should be
able to research anything you want to, and come to a good, educated conclusion as to what
you want to do next. And within our space specifically, with the millions of tokens
and coins that are out there, please just don't take anybody's just word that something is
the next Bitcoin or is completely trustworthy, or you know, is going to do a thousand X or whatever.
I mean, all that stuff is just speculation for the most part. So just please do your own research,
stay grounded, understand that money is a tool. Don't make it an idol.
Don't make it anything more than it is, and you'll sleep so much better at night.
Wise words from David. Note them down, everyone. This is like words coming from a veteran in crypto,
and he's he knows what he's saying. Thanks. Yeah, three cycles will do that to you, right? Yeah.
Exactly. Yeah, and then on this on this positive note. We can start wrapping it up. Don't forget,
everyone, to follow David Schwartz next Litecoin Foundation. Thank you for for joining and go
and follow them as well. All also Litecoin official account. And if you liked the interview,
you can follow us as well for more such awesome chats. Puddle tight, puddle light, right? Yep. Yeah,
yeah. Thanks again, everyone, for joining, and see you next time. And have a great rest of the day,
David. Yeah, thank you. You too, and thank you for everybody else that showed up.
And I hope everybody has a blessed day. Yeah, the same. Bye everyone. Bye bye.
