THELOGICALINDIAN - In December 2024 Bitcoinist appear that Litecoin architect Charlie Lee had awash or donated his absolute Litecoin backing in an accomplishment to prove that his connected captivation in the activity was no best motivated by claimed banking accretion Now hes not so abiding that was the appropriate decision
In a alive YouTube interview on Friday, Lee adumbrated that he holds some abjure about his accommodation to advertise all of his Litecoin in December 2017. During the interview, he stated:
Litecoin ailing in December 2017 at aloof beneath $360 per coin, while Lee awash on December 20th at $322 per coin. From a banking perspective, Lee fabricated the appropriate decision, as Litecoin — forth with the added cryptocurrency market, burst to levels beneath than bisected of those apparent at best highs. However, Lee addendum that his sales did not affect the Litecoin bazaar price, stating:
Still, admitting some doubts, Lee ultimately feels like he fabricated the appropriate decision. Philosophically speaking, one alone cannot be in allegation of a cryptocurrency for it to absolutely bear on its affiance of decentralization. With that in mind, he additionally believes his captivation with Litecoin will one day accept to abandon completely. He explained:
What do you anticipate about Charlie Lee’s accommodation to advertise all of his Litecoin in December? Do you anticipate he charge footfall abroad from the activity absolutely for it to absolutely be decentralized? Let us apperceive in the comments below!
Images address of Bitcoinist athenaeum and AdobeStock.
