After Charlie Lee, founder of Litecoin, has sold all of his LTC, he shows a keen interest in Monero. As one of the most important figures in the development of the Blockchain technology, the Community has already the eyes and ears. Lee sees more Potential in a different crypto currency, or there are other reasons behind his decision to sell Litecoin? All the News in CoinHero!
Inventor Charlie Lee Sells All His Litecoin for Conflict of Interest Reasonings
— Blockchain News (@Only Block Chain)
Lee sold his Litecoin Tokens
The founder of Litecoin has all of his Tokens from the LTC sold, motivated the Community but, still in. As a reason, he says, that he can control the price of the cryptocurrency has influence and that he can develop the technology behind it is better, if he has no financial success. This seems for many to be controversial, but the Visionary seems to be sure of his cause. In an Interview with SFOX Lee said recently that Litecoin was his Baby and he wanted to see how the project will be successful. If this is the case, would the Pride and the glory is sufficient, which he obtained through his work.
He spends according to his own statements, his entire time with the further development of the Blockchain technology, and his time is more valuable than money. Since then, he has sold his Tokens, he works even harder on the project. While he previously more time on the Websites of stock exchanges and brokers, has spent, he is now fully focused, because theis not more important to him.
Litecoin’s Charlie Lee Says He Is Interested in Monero (XMR)
— Satoshi Nakamoto Blog (@Satoshi10617093)
Monero as a promising project
Lee is not only involved in the processing of Litecoin. As the inventor of the smaller, faster Version of Bitcoin, has he counts his fingers in various projects in the game and his opinion. As a particularly interesting project he sees the Cryptocurrency Monero, which is currently one of the strongest virtual currencies in the world. Currently, Monero is not offered, in contrast to Litecoin, in many Exchanges and brokers, but it should be only a matter of time until our test winner eToro [Insert internal eToro review page here] is offering the Coin.
Monero is for security and privacy, and a future in Lee’s eyes, full of a candidate. And Lee also has no Problem criticizing his own project. He said in the Interview, these aspects are missing in the case of Bitcoin and Litecoin and you should take here at Monero as an example. Despite these positive characteristics, had to be the crypto-currency in the last few days, some of the losses – thefell last week by more than 5%. Also the founder of Monero, Ricardo Spangi, has already positive to Litecoin. He joked in a Tweet about the collaboration with Charlie Lee. Lee replied, his friendly message so that he would hold a future cooperation with Monero. He described Litecoin and Monero as two of the best “non-scam coins”, so real crypto currencies without fraudulent intentions.
And the peaceful, almost friendly way in which the two competitors also like the Community. The Tweets have been shared thousands of times. Spangi and Lee are also both of the Community “Magical Crypto Friends”, so your team spirit is surprising. In this Community of like-minded developers who want to share their ideas with each other.
Charlie Lee has sold his Litecoin Tokens, and now seems to be more free than ever. He still focuses on the further development of Litecoin, but feels by the thought of financial success controlled. So he can swarm easily on Monero, without feeling pressure of competition – and so it should be!