What to Watch Out For Before Investing in Altcoins: Litecoin Creator
According to the creator of Litecoin, Charles Lee, most altcoins have no innovation, instead having weak developers, dishonest marketing and/or bad incentives. In a series of tweets aimed at sharing his thoughts about cryptocurrencies and how he evaluates whether or not to invest money into any of them, Lee says: “In order to stick out from the crowd of altcoins, a lot of coins do a lot of shady things like make promises that are just BS.” He further adds: “A lot of coins are solutions looking for a problem or just don’t bring enough innovation.” With almost 700 alternative currencies in....
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Litecoin is the second most popular cryptocurrency after Bitcoin. Litecoin's advantages over Bitcoin include its faster block confirmation times and scrypt hashing algorithm (to prevent ASIC mining). But will Litecoin ever see the massive success Bitcoin has seen and maybe even surpass it? Here's what Litecoin creator Charles Lee has to say on the matter.
Litecoin creator Charlie Lee continues to criticize the NFT industry, seeing the hallmarks of a mania similar to 2017 and even 2013. Charlie Lee, the creator of major cryptocurrency Litecoin (LTC), believes that the ongoing spike in popularity of the nonfungible token, or NFT, industry has much in common with the 2017 initial coin offering, or ICO, mania.Lee provided at least five similarities between 2021’s NFT popularity and 2017’s ICO mania, also comparing both to the altcoin craze in 2013 in a tweet on Tuesday.According to the Litecoin creator, all three cryptocurrency phenomena look....
The creator of Litecoin, Charlie Lee, is ready to celebrate the project’s 10th anniversary. And, what better way to do it than by giving the public the oral history of Litecoin? Of course, that’s a figure of speech. Since it’s 2021, he gave us that “oral history” through a Twitter thread. And what a thread it is. It takes us back to the very beginning of the cryptocurrency space and, using documentation and images, lets us in on the secrets, the inner jokes, and the wholesomeness of times past. Related Reading | Led By Litecoin, Mid-Cap Altcoins Bleed With Bitcoin In this first....
There are few people, who determined the history of cryptocurrencies and can predict the evolution of the Blockchain and projects of next generation in Bitcoin space. Charlie Lee is one of them. He is a creator of Litecoin who’s being involved with cryptocurrencies since 2011. As such his knowledge in the field is extensive.. Born in the Ivory Coast and grown up in the US to parents from Shanghai Charlie was among the first Chinese people to go to Africa in the 1960s. After growing up in Africa, he went to the US for his studies, and after college, he found jobs working for Google. Charlie....
Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's article examines Litecoin's recent price struggles, Darkcoin's recent progress toward anonymity, and QuarkBar's introduction of adaptive coin creation. Litecoin Price Struggles. Since its release in 2011, Litecoin has consistently remained cryptocurrency's silver standard. However, hundreds of new altcoins have followed in Litecoin's shadow over the past several years. While most of these altcoins are essentially worthless, more and more are....