r/litecoin

There is enough evidence that suggests that the average crypto practitioner is a voracious consumer of information relating to the cryptocurrencies he or she holds. As a result, the crypto community is literarily a network of individuals with similar passion and a burning desire to disseminate and access timely information. One such community is the Litecoin reddit, stylized as r/Litecoin. In this article, we will review the viability of this group, its impacts in the Litecoin narrative as well as its pros and cons.

What is r/Litecoin?

r/Litecoin is the official subreddit for Litecoin enthusiasts who are looking to receive updates, network with other Litecoin holders, and access the appropriate solutions to problems relating to utilizing Litecoin. In essence, this is the ultimate discussion group for everything Litecoin, except maybe for price related speculations.
At the time of this review, the subreddit had 210,000 members, and there were indications that it was buzzing with activities. Also, we noticed that the r/Litecoin is recognized by the development team of the Litecoin blockchain, as developers readily reply to questions relating to the cryptocurrency's protocol, and even contribute to the running of the group by serving as moderators. One of the most notable members of the subreddit is Charlie Lee, who is the founder of Litecoin.
From our vantage point, we found the r/Litecoin subreddit to represent a formal setting that is ideal for experienced crypto practitioners and new entrants. The reason being that the moderators do not restrict the scope of questions that members can ask, as long as it does fall under the Litecoin jurisdiction. Also, whenever a newbie posted a question or asked for other people’s views, there were immediate responses from experienced members. It also helps that the subreddit allows posts and comments in video or picture formats, which adds to the effectiveness of educational posts.
Another unique thing about the group is how members' details showed how long they have been a member of the group. As such, it is easier to spot comments coming from experienced individuals, which should hold more weight than individuals who are just getting the hang of things.
Furthermore, it is important to mention at this point that the group has lots of resources for members to take advantage of. For one, there is a direct link to wallet infrastructures compatible with Litecoin. Likewise, members can pick from a shortlist of educative resources dedicated to explaining Litecoin-related topics.
Like every other subreddit found on the Reddit platform, the Litecoin subreddit has a list of rules that govern the activities of its members. In as much as you would want to keep contributing to this group, then you must abide by these rules.

What Are the Rules of r/Litecoin?

No spreading of speculative content

The moderators are aware that scammers usually spread speculation regarding the prospect of crypto projects or coins to cause their value to increase. As such, they have banned all forms of shillings and spreading of FUDs that could lure their members into making investment choices that are not sound.

Respect the Views of New Users

Remember that we mentioned that the Litecoin subreddit is ideal for newbies. This assertion stems from the fact that there is a rule that encourages old members to respect and value the views of new users. With this, new users have the liberty to express themselves and ask questions without having to worry about backlashes.

Keep to The Litecoin Subject Matter

r/Litecoin only caters to Litecoin-related discussions. Any content that does not fall under this subject matter is prohibited. More so, the group prohibits posts and comments discussing the price trend of Litecoin.

No Referral Links and Short URLs

While trying to cub spam and protect members, the moderators of the Litecoin subreddit has moved to ban referral links and short URLs. Hence, all posts and comments with links to external sources must show the complete URLs, instead of the shortened version.

There Are Limits on Advertisement Activities

Also, r/Litecoin allows a member to post advertisements only once. It is safe to say that this rule looks to reduce the number of promotions and restrict individuals who usually flood forums with unsolicited ads. Besides, anyone with affiliations to a crypto business, which he or she intends to promote, must disclose such affiliations.

No Gambling or Betting Related Posts

One of the latest rules of r/Litecoin is that members who post gambling and betting related content would ultimately face a ban.

What Are the Pros of r/Litecoin?

Simple and easy to navigate design

The moderators have adopted a simple and aesthetic design, which boosts navigation and contributes to user experience.

It Is A Beginner-Friendly Discussion Forum

The availability of a rule protecting new users from attacks and the perceived prompt response time of members are two factors that suggest that the Litecoin subreddit is appropriate for new entrants. The subreddit has active members, and the fact that Litecoin’s development team recognizes the forum adds to its efficacy. Hence, the probability of accessing the latest updates on the Litecoin blockchain is high.

The Availability of Litecoin-Related Resources

Recall that we mentioned that users had access to several Litecoin resources that might help them in their day-to-day activities. For one, you could pick from the shortlisted LTC wallet or decide to opt for any of the Litecoin education websites featured on the subreddit. Also, you could explore other Litecoin discussion forums on social networks by clicking any of the links provided at the menu bar of the subreddit.

It Excels in Reducing Spam

r/Litecoin has done enough, through the enactment of rules, to ensure that the subreddit is not a breeding ground for illicit contents and fake news. The moderators frown on speculative contents. As such, members can rest assured that they are not susceptible to shillings, which plagues a majority of crypto discussion forums. Likewise, it helps that there is a cap on the number of advertisements that each member can post. The same is true for the move to ensure that everyone affiliated with crypto businesses discloses their intent, as opposed to passing subliminal promotional contents on the subreddit.

What Are the Cons of The Litecoin Subreddit?

It Restricts Members to Litecoin Topics

Restricting members to topics-relating to Litecoin is both a strength and weakness of the Litecoin subreddit. Individuals who have diversified crypto portfolios must join other groups to cover a broader array of crypto niches that encapsulate their multi-coin investments.