Charlie Lee news

Creator of Litecoin. Cryptocurrency Enthusiast. Ex-Director of Engineering at Coinbase. Managing Director of the Litecoin Foundation. Active since 2010.

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Litecoin’s Charlie Lee says signing a message with genesis key is the only way to authenticate Nakamoto’s true identity

Over the years, Bitcoin has grabbed the attention of crypto Twitter repeatedly, with BTC always being a trending topic, yet the identity of its founder is surrounded by a cloud of mystery. Recently, crypto community’s attention was caught by yet another person claiming to be the “real Satoshi Nakamoto”. The news went viral on Twitter […] The post Litecoin’s Charlie Lee says signing a message with genesis key is the only way to authenticate Nakamoto’s true identity appeared first on AMBCrypto.
AMBCrypto

Nobody Interested in Working on Litecoin Protocol, Says Charlie Lee

Leaked conversations between Charlie Lee and other principle actors involved with Litecoin show evidence of no significant work being done on the cryptocurrency code since the start of 2019. Charlie Lee Dropped the Ball According to a Reddit post submitted less than a week ago, the Litecoin code development arena is a ghost town. The post revealed a series of correspondence between LTC creator Charlie Lee and some members of the Litecoin Foundation. Bitcoinist was able to obtain an HTML download of these leaked chat messages showing Franklyn Richards, the director of the Litecoin Foundation taking Lee to task on the absence of any progress being made to improving the crypto protocol. An excerpt from Franklyn’s argument reads: I was extremely disappointed to discover that no progress had been made on CT since the announcement, especially when I stand on stage telling everyone it’s happening and we are actively working on it. CT above refers to Confidential Transactions — a protocol upgrade Lee promised via Twitter about eight months ago. At the time, the Litecoin creator declared that CT will be available before the end of 2019. Last Sunday (August 11, 2019), Lee took to Twitter to address these speculations. According to Lee, even though the Litecoin GitHub shows no code commits in 2019, there is still work being done which doesn’t reflect on the master branch. 15/ That said, I believe it's time now for me to shift focus from adoption back to development. I still think fungibility is extremely important and I will get the ball rolling on MW/CT again. This time, I won't make any promises on dates. — Charlie Lee [LTC] (@SatoshiLite) August 11, 2019 The Litecoin creator did, however, admit that he “dropped the ball” on the promised Mimblewimble (MW) and CT protocols. Lee chalked these up to being side-tracked by activities in the adoption arena neglecting core development issues such as fungibility. Money Cannot Solve Litecoin’s Problems While responding to criticism supposedly from Richards, Charlie Lee offered a seemingly startling admission about Litecoin’s pedigree, saying: The honest truth is that no one is interested in working on Litecoin protocol development work. At least no one technically competent. You can’t just throw money at this problem. This is true for Litecoin since the beginning. It has only been me, Warren, and Thrasher. Lee’s admission echoes similar findings recently published by Electric Capital in its Developer Report showing the latest trends in the crypto code development arena. According to the report, Litecoin has a lesser number of developers than other projects that command a far lower daily transaction volume. Back in April, Mike Novogratz of Galaxy Digital called Litecoin a glorified testnet for Bitcoin. With a dearth of competent developers, Litecoin may well become obsolete long before protocols like the Lightning Network begin to make a significant impact. Do you think LTC is dying a slow death? Let us know in the comments below. Images via Twitter @SatoshiLite. Shutterstock The post Nobody Interested in Working on Litecoin Protocol, Says Charlie Lee appeared first on Bitcoinist.com.
Bitcoinist

Litecoin (LTC) Progress is Solid: Charlie Lee Disputes Fears

The month of August was a hugely vital one for Litecoin as the cryptocurrency finally had its much anticipated and highly controversial halving event. By way of that move, the reward for Litecoin miners for each completed block has been reduced from 25 LTC to 12.5 LTC, and that had set off fears that a dramatic crash in the price would occur. Nothing of the sort happened, and in fact, the price of Litecoin rose after the halving as many experts had predicted. Key Details That being said, it did not, however, lead to the sort ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

Charlie Lee Sheds Light on Litecoin, Hints at MimbleWimble

Litecoin founder Charlie Lee has taken to Twitter to offer a more honest view on the state of Litecoin’s network development. As per his Twitter thread, Litecoin adopts most of its code from Bitcoin with a few months lag, which causes people to believe that development activity has come to a standstill. Additionally, commits aren’tRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail

By CCN Markets: The latest self-proclaimed Satoshi Nakamoto overpromised and underdelivered in Part 1 of his "big reveal" — probably to the surprise of no one in crypto. In a meandering blog post, the self-proclaimed bitcoin inventor did not reveal his real name, nor did he produce a photo of himself. So we're still no […] The post Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail appeared first on CCN Markets
CCN

Bitcoin Groupies Call Bullsh*t on 'Fraudulent' Satoshi Reveal

By CCN Markets: The handful of Bitcoin fans who are still begging for the “real” Satoshi Nakamoto to please stand up may get their wish as early as today. However, most of the crypto community isn't getting worked up. They’re in no mood to be punked. 'Satoshi Nakamoto' to Reveal 'True' Identity CCN reported that […] The post Bitcoin Groupies Call Bullsh*t on 'Fraudulent' Satoshi Reveal appeared first on CCN Markets
CCN
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