Litecoin delivers 100,000,000th transaction today after 10 years of 100% uptime & constant user growth.

The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it?

It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users.

The second most popular snarky comment is “well, it gets infrastructure just because it’s old”. It doesn’t take a whole two brain cells to know that doesn’t make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It’s costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don’t keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason… users matter.

My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn’t pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros.

Feel to play around there if you think you can get out before the exit scammers, but don’t forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they’ll last and keep generating new growth.