Litecoin creator draws parallels between 2021’s NFT and 2017’s ICO mania
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....
Related News
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.
Andrew Vegetabile, Director of the Litecoin Association, came out against a fork of Ethereum/The DAO, Decrying interference with The DAO by outside crypto developers in an open letter to “Vitalik Buterin, The DAO, future smart contract developers, and the throngs of individuals within the crypto ecosystem” today. Andrew Vegetabile Calls Buterin’s Intervention “Unprecedented”. He Cites the widespread negative impact outside of The DAO as significant disincentive: “…now Ethereum is having to face this very situation. From legal to sociological effects, the direction the leadership of a coin....
We recently had the opportunity to interview Charlie Lee at the Amsterdam conference. Charlie Lee is the creator of Litecoin and recently joined the Coinbase team after working as an engineer for Google. He has earned a Master’s degree in electrical engineering and computer science at MIT. Litecoin has often been referred to as the “silver” of the cryptocurrency world for being second only to Bitcoin in popularity and value. Bitcoinist: Okay, so here we are with Charlie Lee. Thank you for taking the time. Charlie Lee: Thank you. My first question would be: what would you suggest to those....
Charlie Lee, the much celebrated creator of the silver-cryptocurrency Litecoin, recently went into a Twitter argument with a random user named Darth Camel, who accused him of neglecting Litecoin in terms of development. In his response, Lee said that their cryptocurrency does not need development right now. "Adding gimmicks does not help a currency succeed," Lee made his point. "Liquidity, merchants, and user does." Darth Camel though didn't stop there. He retaliated by saying that Lee shows no love, and attention towards the very cryptocurrency he created. In his kick-starter tweet, Camel....
Aprils Fools was almost over, but there was still a joke in store in the crypto space. Litecoin creator Charlie Lee made a fake announcement via Twitter claiming that Litecoin would be rebranded to BitcoinLite, “as Satoshi Nakamoto intended.” Lee posted a version of Bitcoin’s whitepaper highlighting the letters LITE and a link to Litecoin […]