Unchained

Charlie Lee on How Litecoin Can Be Truly Successful - Ep.116

Apr 23, 2019
Charlie Lee, the innovative creator of Litecoin and known as SatoshiLite, dives into his journey of launching Litecoin and the significance of its fair launch. He discusses his decision to sell all his holdings and addresses the misconceptions surrounding it. Lee shares his vision for Litecoin's future, including thoughts on stablecoins and potential private payment features. He highlights the importance of usability in cryptocurrency and emphasizes how Litecoin aims to be integrated into everyday transactions.
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ANECDOTE

Bitcoin Discovery

  • Charlie Lee discovered Bitcoin through an article about Silk Road when it was $30.
  • He bought his first Bitcoin from Mike Hearn, a colleague at Google.
ANECDOTE

Early Bitcoin Mining

  • Charlie Lee mined Bitcoin using GPUs, even selling his mining computer to his brother, Bobby Lee.
  • Despite Bitcoin's price drop to $2, he remained confident due to unchanged fundamentals.
ANECDOTE

Fairbrix Attempt

  • Before Litecoin, Charlie Lee tried reviving Fairbrix, a fork of Tenebrix, aimed at removing its pre-mine.
  • The project faced technical issues, including buggy code and a 51% attack.
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