THELOGICALINDIAN - Litecoin architect Charlie Lee has appear on amusing media that he awash and donated all his LTC backing over the accomplished few canicule The advertisement was meant to appearance he no best has a battle of absorption in announcement the altcoin but the timing has sparked some backfire adjoin Lee
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Going Light on Litecoin
Founder of litecoin Charlie Lee has abreast the association today that he no best has any allusive absolute acknowledgment to the cryptocurrency, accepting awash and donated all his LTC backing in contempo accomplished days. Writing on Reddit he explains that this was done to abstain the actualization of a battle of absorption back announcement LTC as addition with so abundant amusing influence.
Lee reassures his followers that this does not beggarly he is abandonment litecoin and will still absorb all his time alive on the cryptocurrency he created. Lee additionally explains that he will abide to account from the advance of litecoin – aloof not by captivation the cryptocurrency itself.
A Question of Timing
In his advertisement Lee explains that over the aftermost year he approved to abstain authoritative accessible statements on Twitter about the amount of litecoin as he would consistently be accused of accomplishing so to advance the amount up or bottomward in adjustment to advance his claimed position in the markets. He additionally explains that he is now so able-bodied off that he doesn’t charge to accept added banking assets from captivation LTC and can allow to accomplish this move.
Unfortunately not anybody in the cryptocurrency community, which is hardly accepted for its civilian debates at the best of times, is accepting of Lee’s rationale. His timing of the announcement, so anon after Coinbase and Gdax added Bitcoin Cash (BCH) trading, is the capital antecedent of the backlash. Lee alone left Coinbase aback in June area he was the Director of Engineering.
Should all cryptocurrency influencers chase this move to arise unbiased, or is it bigger for them to accept a pale in their coin’s future? Share your thoughts in the comments area below!
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