NFT prices will eventually crash, says Litecoin creator Charlie Lee
Nonfungible token art lacks the provable scarcity of “real art.” Non-fungible tokens are currently a major topic of discussion within the crypto space with creators and collectors alike jumping on the bandwagon.However, Litecoin (LTC) creator Charlie is of the opinion that the hype is unsustainable. Tweeting on Monday, Lee said that, unlike ‘real art,’ NFTs have “zero cost” of creation.With all that said, I’m willing to be proven wrong. I created a unique NFT with my profile pic. It cost me nothing (well except for the ridiculous ETH gas fee) and no effort at all. Prove me wrong and show....
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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....
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....
Litecoin creator Charlie Lee believes that the price of the digital currency could reach $14 when SegWit is activated on the network. On Saturday, F2Pool mined Segregated Witness (SegWit) blocks for both Bitcoin and Litecoin. Charlie Lee tweeted that he sees a 72.34 percent chance of another pool signaling for SegWit in the next seven days. He equates the estimated prices to the level of signaling the network has received thus far: 20 percent => $4, 60 percent => $9, 100 percent => $14. There are indications the network will activate SegWit soon. It creates excitement - even in....
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....
PRESS RELEASE. Silver Spring, MD – (Globe Newswire – April 5, 2021) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced the appointment of Litecoin creator Charlie Lee to its Board of Directors as its newest independent member. “We are honored to welcome Charlie Lee to our board,” stated Charles Allen, Chief Executive Officer of BTCS. “A true innovator and visionary in the blockchain space, his decision to join our board is a strong vote of confidence in....