Charlie Lee on How Litecoin Can Be Truly Successful - Ep.116
Charlie Lee, the creator of Litecoin and aka SatoshiLite, discusses how he came to launch Litecoin, how the "fair" launch may have helped its success, why he didn't work on it for a stretch, and what inspired him to devote all of his time to it — but not own any litecoins. We also discuss his vision for Litecoin, why he believes stablecoins aren't superior, why he's considering enabling private Litecoin payments, and how he feels about the perception that he sold his litecoins near the all-time high, leaving others holding the bag.
Read the full show notes on Forbes.com: http://www.forbes.com/sites/laurashin/2019/04/23/charlie-lee-on-why-litecoins-goal-is-to-be-used-for-payments/
Read Charlie’s additional answers: https://unchainedpodcast.com/the-cutting-room-floor-charlie-lee/
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Episode links:
Litecoin: http://litecoin.org
Charlie on Twitter: https://twitter.com/SatoshiLite
Charlie on Unconfirmed, discussing the 10th anniversary of the Bitcoin white paper: https://unchainedpodcast.com/charlie-lee-aka-satoshi-lite-on-the-10-year-anniversary-of-the-bitcoin-white-paper-ep-044/
Charlie on Unconfirmed, discussing the Ethereum Classic 51% attack: https://unchainedpodcast.com/the-ethereum-classic-51-attack-how-it-happened-and-why-the-price-didnt-crash-ep-055/
Unchained interview with Charlie's brother, Bobby Lee:
https://unchainedpodcast.com/bobby-lee-ceo-of-btcc-on-why-the-chinese-probably-arent-using-bitcoin-to-evade-capital-controls/
CoinDesk on Charlie’s work after Coinbase:
https://www.coindesk.com/life-coinbase-can-charlie-lee-keep-litecoins-revival-alive
CoinDesk profile: https://www.coindesk.com/coindesk-most-influential-2017-3-charlie-lee
Charlie selling his LTC: https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/
WSJ article on selling his LTC: https://www.wsj.com/articles/cryptocurrency-founder-tries-a-new-play-sell-it-all-1513873355?mod=searchresults&page=1&pos=3
Multicoin Capital report on Litecoin: https://multicoin.capital/2018/09/14/debunking-market-narratives-litecoin-ltc-edition/
Magical Crypto Friends: https://www.youtube.com/channel/UCVVDsIYJBQ_C7Bh_aI3ZMxQ
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20VC: Litecoin Founder, Charlie Lee on Why ICO's Are The Biggest Threat To Crypto, Why Ethereum Will Run Into Huge Scalability Problems & How To Assess The Trade Off Between Decentralisation & Scale
Charlie Lee is the creator of Litecoin, the most popular alternative currency to Bitcoin, which Charlie created as a side project in 2011 while working at Google. Today Litecoin has a market cap of $3.29Bn. As well as creating Litecoin, Charlie is also the Director of Engineering @ Coinbase, working alongside recent 20VC guest and Coinbase founder, Brian Armstrong. Prior to this, Charlie held roles at Microsoft, Google and Guidewire.
In Today's Episode You Will Learn:
1.) How Charlie made his way from Google to Coinbase to founding Litecoin in his free time? What were Charlie's biggest takeaways from being at Coinbase?
2.) What does Charlie believe is the biggest barrier to the world of cryptocurrency and BTC? What is the holy grail to securing this and the future of the space within mass consumer usage?
3.) How does Charlie think about the largest problem for crypto and BTC, scaling? Why does Charlie believe that Ethereum will have large problems scaling? How does Charlie assess the balance of centralization, scaling and transaction efficiency?
4.) Why is Charlie's biggest concern the current ICO market? Why does he believe it is the "wild west"? What happens to alternative currencies when the ICO market crashes? Who are the ultimate winners in the ICO markets?
5.) How does Charlie analyse the differing communities when comparing ETH to BTC to LTC? Does community serve as a core form of IP for currencies and their stability moving forward?
Items Mentioned In Today's Show:
Charlie's Fave Book: Game of Thrones
As always you can follow Harry, The Twenty Minute VC and Charlie on Twitter here!
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Why Bitcoin May Split In Two And How To Prevent It
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The bitcoin community is mired in a civil war. In this episode of the Unchained podcast, supporters of opposing sides -- former Bitcoin Core developer Jeff Garzik and Litecoin creator Charlie Lee -- explain why nuclear options are on the table. The discussion touches on whether high transaction fees are bad for the network or a necessary evil, which would be considered the "true" bitcoin if the currency split in two, and whether the cryptocurrency is already centralized, or controlled by a few. We also discuss why bitcoin can't just look at the playbook of other open source projects to get past this stalemate. And they give advice to current bitcoin owners wondering whether to sell or hold through this bitcoin game of chicken.
Show notes: https://www.forbes.com/sites/laurashin/2017/04/04/why-bitcoin-may-split-in-two-and-how-to-prevent-it/
Other links:
Bloq: http://bloq.com/
Coinbase: https://www.coinbase.com/
Litecoin: https://litecoin.org/
This episode was sponsored by OnRamp: http://www.thinkonramp.com/
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