Who is Charlie Lee, Litecoin (LTC) Founder?
He is undoubtedly one of the most respected personalities in cryptocurrency. He is the founder of Litecoin (LTC), currently one of the top coins in the market.
Even though LTC isn’t as glamorous as Bitcoin or Ethereum, it still holds the distinction of being the earliest altcoin that was created to be the silver to Bitcoin’s gold standard.
Many know him for his incredible knowledge about blockchain technology and cryptocurrency. But who is he exactly?
According to his Twitter page, he is the “Creator of Litecoin, Cryptocurrency Enthusiast, Ex-Director of Engineering at Coinbase and (the current) Managing Director of the Litecoin Foundation.”
Here’s a brief low down about Charlie Lee, the man whose Twitter account handle is SatoshiLite.
Born in Africa, attended MIT
Charlie Lee was born in the Ivory Coast, Africa in 1975. His parents first moved to Africa in the 1960s before coming to the US.
Lee was 13 when he moved to the US where he joined and graduated from the Lawrenceville High School in 1995.
He then attended MIT for his college education, studying Computer Science. It’s here that he began to show his genius.
Lee chose to pursue both his Bachelor’s and Master’s degree back-to-back.
In 2000, he left MIT armed with a Master’s degree in Computer Science. It appears the journey had just begun.
Lee worked for Google and Coinbase
It would be fair to say that Charlie Lee has spent much of his life fascinated by the possibilities of computer technology.
Post-MIT, the LTC founder worked for two of tech firms in the shape of Kana Communications and Guidewire Software. He spent a total of about 7 years at these firms.
In September 2007, he became a software engineer at tech giant Google. It is while at Google that he honed his tech skills.
The hardworking Lee is said to have worked on a number of high profile projects like Google Play Games, Chrome OS, and Google’s YouTube Mobile.
Charlie Lee would later create Litecoin in 2011 while still employed at Google.
He stayed on the company till 2013. It’s while here at Google that he came across Bitcoin and got fascinated by its underlying technology.
Later, still as the face of Litecoin, (unlike the mysterious Satoshi Nakamoto), he was tapped to work for Coinbase.
He became the budding exchange’s Engineering Manager, and then later became its Director of Engineering.
By the time he left the US-based crypto exchange platform, his Litecoin was already one of the top recognizable crypto coins.
Some in the community have used this period to bash him for influencing the listing of LTC on Coinbase. That, however, is far from the truth according to Lee.
Creator of Litecoin (LTC)
Lee entered cryptocurrency via Bitcoin mining. The earliest attempts at cryptocurrency by Lee were when he got involved with a project called Fairbix.
The project failed to hold up and succumbed to a 51% attack. That failure prompted the creation of Litecoin (LTC).
Charlie Lee created Litecoin in 2011 as a faster and obviously less expensive alternative to bitcoin.
He, however, eventually sold his entire LTC holding in the crypto last December, at a time when it was selling at its all-time high.
That decision has somehow haunted him, especially with some in the Litecoin community accusing him of taking flight. He recently commented about the same, saying:
“I still think it was the right move but I question whether — I think in the long run it was the right move but in the short term while the price is down, below the all-time high, it just feels like it’s not the right decision.”
Although he has indicated that he’ll eventually leave, he still feels that Litecoin has a bright future.
He has said more than once that the launch of LTC futures is just one way the coin will regain its lost value.
Charlie Lee’s latest comments about cryptocurrency are a belief that prices of Bitcoin and other coins will stage a recovery in 2018.