THELOGICALINDIAN - Popular silverbugand Golden State Mint arch TruthNeverTold afresh took to his YouTube approach to already afresh alarm out the cryptocurrency bazaar as little added than a Ponzi arrangement Specifically he claims that Litecoin and its architect Charlie Lee are prime examples of artifice biting investors
As Bitcoinist reported on December 20, 2017, Litecoin architect Charlie Lee “sold or donated” his absolute Litecoin abundance to abstain “conflicts of interest” arising from its growth. Interestingly, Lee awash the actual top of Litecoin’s aberrant pump — article which TruthNeverTold angle as an accessible profit-taking avenue from a nothing-for-something Ponzi scheme.
States TruthNeverTold:
The YouTuber additionally takes affair with Lee’s reasoning. The Litecoin architect explained, at the time:
For TruthNeverTold, Lee all but accepted that he cashed out at the top of the bubble, affairs cryptocurrency for authorization and ensuring his abiding banking success.
Charlie Lee has back defended his actions as amiable and well-intentioned. Despite the actuality that the Litecoin [coin_price coin=litecoin] bazaar comatose essentially and never recovered back the point of Lee’s sale/donation, Lee claims his accomplishments has no aftereffect on the market, stating:
Lee additionally believes Litecoin will eventually animation back, explaining:
What do you anticipate about Charlie Lee affairs his absolute pale in Litecoin at the top? Do you anticipate Litecoin and added cryptocurrencies are Ponzi schemes, or is TruthNeverTold artlessly overreacting to a bazaar bubble? Let us apperceive your thoughts in the comments below!
Images address of Shutterstock, YouTube.
