Charlie Lee Ⓜ️🕸️
@SatoshiLite
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Creator of Litecoin. Cryptocurrency Enthusiast. Ex-Director of Engineering at Coinbase. Director of the Litecoin Foundation.
San Francisco, CA
Joined April 2008
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Pinned Tweet
As we are approaching the 10th anniversary of Litecoin, I figured it's a good time to do a long Twitter 🧵 on the history of Litecoin from my perspective.
My memory of events can be hazy at times, so for those mentioned, feel free to add or correct anything I say. Here goes...
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The flippening (ETH>BTC) will never happen. But the flappening (LTC>BCH) will happen this year. 🐔🚀
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The Litecoin team has been hard at work working with companies to support Litecoin. Nothing to announce yet, but here's what's in the works:
Merchant processor
Popular online wallet
Goods trading platform
One huge unexpected surprise. 😀
2018 will be a good year for Litecoin!
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Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH.
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Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀
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LTC/BCH has just surpassed 0.02. This is higher than when I sold my litecoins. In other words, LTC has outperformed BTC since that time. Just saying!
The market agrees that my efforts on Litecoin adoption is overcoming the negatives.
Go Litecoin! 🐔🚀🌕
#PayWithLitecoin
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$10B marketcap. What a year! BTC is up 2000%, but LTC is up 4000%! 🚀
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Sorry for creating the only bit of drama Litecoin had all year. We should leave drama to Bitcoin and others! 😀
Happy holidays everyone!
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I ❤️ days like today! Not because the LTC price is up, but because I won't need to read any tweets hating on Litecoin and me. 😂
But inevitably, there will be days when price is down and everyone and their mom will be blaming it on me. Such is the life of a coin creator. 😀
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I'm blocking anyone that complains that I've quit Litecoin because I sold my LTC and that I no longer have any skin in the game. If you really believe that, you don't really need to see my tweets anymore. Cheers! 😀
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There will be at most 21 million bitcoins in existence. There isn't even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first. 🥅
Once you have 1 BTC, buy all the shitcoins you want! 😂
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Roger
@rogerkver
, please stop calling Bitcoin, Bitcoin Core. No one else does this. Both website and mobile wallet are misleading new users with this bullshit. And it is especially hypocritical coming from you seeing how upset you are with the name bcash.
📣ShapeShift PSA: There was a miscommunication in our latest partner announcement with
@BitcoinCom
Wallet. Although we are happy to offer our API integration services for the wallet, we strongly stand by the stance that Bitcoin should be referred to as Bitcoin, not Bitcoin Core.
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Korea bans Bitcoin FUD is the new China bans Bitcoin FUD. 🤦♂️
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Litecoin dev update: we are working on the next release of Litecoin Core and will reduce relay fees to 0.01 lite (0.00001 LTC). Should be released soon. The release after this one, we will reduce min fee to 0.1 lite (0.0001 LTC).
I'm also finishing up my fee signaling proposal.
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It's strange to see people claiming that Bitcoin and Litecoin are dead because the price is so low at $8000 and $140 respectively. A year ago, the price was around $1800 and $30. Back then, people would have killed for today's prices! 🤔
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I just published “My Vision For SegWit And Lightning Networks On Litecoin And Bitcoin”
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Since I get blamed every time LTC price goes down, I'm going to take 100% credit for why LTC is the only top coin in the green today. You're welcome! 😂
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To those that claim that I sold at the ATH, I actually did not. I sold on 3 separate times: 12/8 @ ~$96, 12/11 @ ~$155, and 12/18 @ ~$350. The average price that I got was $205.
It's nobody's business at what price I sold my LTC at, but I got tired of all the "sold at ATH" hate.
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So I got a lot of hate for my TRON retweet. Shows that there are A LOT of $TRX bagholders. If you really believe in the project, some FUD is only a speed bump. When you are a top10 coin, you need to be able to survive some FUD.
These tweets help me block haters from my feed.😁
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For the next release of Litecoin reference client, we will reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb).
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I've been in cryptocurrency for 7 years. There's a FUD every year for why Bitcoin is dead:
2011 MtGox hacked
2012 Pirateat40 ponzi implodes
2013 China bans Bitcoin
2014 MtGox insolvent
2015 Silkroad shuts down
2016 Bitfinex hacked
2017 Ethereum Flippening
2018 Bcash is Bitcoin
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Warren Buffet: Bitcoin is like "rat poison squared"
Charlie Munger: Bitcoin nearly as bad as "trading harvested baby brains"
Wow, I can't imagine worse ways to describe Bitcoin! Sounds like some people are scared of Bitcoin. Bitcoin honey badger doesn't care though! 😀
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Like I've said, I don't control when companies release news. Asking me daily won't make it happen faster. And the news might not even move the price.
So, instead of asking me to increase the LTC price with announcements, ask yourself what you can do to help Litecoin adoption!
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Over $12B worth of LTC has been sent in the last 24hr. That's almost 95% of its marketcap. See how this stacks up against the other coins. Litecoin IS the payments coin!
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I'm glad to see that the market is not overacting to this news.
You can't compare me to a CEO selling all his shares. I'm the creator. Litecoin is like my kid. I'm more invested in it than someone holding 1MM LTC. For me, it was never about the money or I would have pre-mined!😀
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People going 🦇💩 crazy over Bitcoin today and upset at Litecoin not performing as well. Here's some perspective. BTC is up 20x this past year, but LTC is up 25x!
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Excited to announce that the Litecoin logo will be on the canvas as the Official Cryptocurrency Partner of
@UFC
232 on 12/29 in Inglewood CA! Read more:
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You can now buy/sell LTC on
@YahooFinance
. Mass adoption is achieved one step at a time. 🐔🚀
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Lightning Network is effectively Bitcoin's cache. It should rebrand to Bitcoin Cache for ultimate confusion. 😂
#bcash
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Fiat is to gold as lightning network is to Bitcoin.
Fiat was effectively a layer 2 solution to scaling gold. It was backed and settled to gold until that backing was removed. Unlike fiat though, LN's settlement to Bitcoin is cryptographically secured and cannot be removed!
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We are starting to do a serious marketing push for Litecoin. This is just the beginning. 🚀
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I'm excited to announce that
@LTCFoundation
and
@TokenPay
have entered into a strategic partnership to buy a stake in a German bank, WEG Bank AG. We plan to work on many exciting consumer-driven crypto solutions. Stay tuned! 🚀
For more info:
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What a bloody day in crypto-currency! Look on the bright side though: LTC is the best performing coin in the top 20. 😄
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Now you see how volatile this market is. I wasn't predicting that LTC will get to $20. I was saying that I've seen MANY 90% drops from ATH in BTC and LTC. Those that can withstand such a drop without flinching are the ones with lambos eventually. The others pay for these lambos.
@GDAX
Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! 😀
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Microsoft looking into building decentralized IDs on blockchains. Nice shout out of Litecoin! 🚀
"Microsoft points to Bitcoin, Ethereum, and Litecoin as three specific platforms that are suitable foundations for DIDs."
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Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I've been on a mission to get LTC added to exchanges to help increase liquidity.
With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished! 🚀🌕
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1 down, 3 to go!
✅ Merchant processor
@CommerceCB
🔲 Popular online wallet
🔲 Goods trading platform
🔲 One huge unexpected surprise
#PayWithLitecoin
The Litecoin team has been hard at work working with companies to support Litecoin. Nothing to announce yet, but here's what's in the works:
Merchant processor
Popular online wallet
Goods trading platform
One huge unexpected surprise. 😀
2018 will be a good year for Litecoin!
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Bitcoin hits $10,000. 🚀🎉🎊
Congratulations to all the hodlers! This is by far the strongest Bitcoin bull run I've seen in 6+ years.
Now take some profit off the table. You deserve it for believing when no one else around you did. 👍
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Am I not even allowed 4 hours of sleep in crypto?! Can't the market stay calm when I'm asleep? Jeez
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Congrats
@justinsuntron
, but you're making the wrong comparison. You've printed over 34% for yourself ($6B!) versus LTC that I bought and mined. I also didn't sell for 6 years, yet you've only locked yours up for only 2 years. Lock it up for 6 years if you're really confident! 😀
I love
@SatoshiLite
and
@litecoin
. It is a pity that
@SatoshiLite
has sold all of his LTC but we locked up all
#TRX
we have until 2020 because we have confidence in
#TRON
and devoted our lives to it.
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Was at the Stanford Bitcoin Meetup. They thought Satoshi was speaking. Sadly, it was only the lite version.
It was fitting that I was talking about supply/demand and fees. This is what happens when demand outstrips supply and no fee. 😄
I had fun. Thanks Stanford Bitcoin Club!
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I found out about Bitcoin from an article on Silk Road. Whatever you think of Silk Road, Ross Ulbricht, creator of Silk Road, does not deserve a life sentence w/o the possibility of parole. Please join me to sign the petition:
#FreeRossPetition
@Free_Ross
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The number of people upset at me for donating to WikiLeaks shows why censorship resistant is so important. If those people can, they would stop everyone from donating.
The point is, it's my money and only I decide what I do with it. Period.
A monetary statement, not political.
Whenever I want to show the censorship resistance feature of Bitcoin/Litecoin, I make a donation to WikiLeaks. No company or government can stop me. That's what makes crypto-currency valuable!
@JulianAssange
@wikileaks
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There's a fear going on that the recent price rise was helped by printing of USDT (Tether) that is not backed by USD in a bank account.
I urge
@bitfinex
and
@Tether_to
to perform a 3rd party audit to prove their reserves. Please do the right thing. Thanks.
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And now LTC $100!!! 🎉🚀
Bitcoin hits $10,000. 🚀🎉🎊
Congratulations to all the hodlers! This is by far the strongest Bitcoin bull run I've seen in 6+ years.
Now take some profit off the table. You deserve it for believing when no one else around you did. 👍
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For those asking, I care very little about marketcap rank. I care more about the chart on the left (# transactions) than the chart on the right (price). The Litecoin team and I are focused on the chart on the left. People need to actually use Litecoin. The price will follow. 📈
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8 years ago today, Laszlo Hanyecz paid 10,000 BTC for 2 pizzas.🍕 Today, you can throw an office pizza party for 10,000 bits. ($80) That's over 1,000,000x increase in 8 years! Thanks Laszlo for your sacrifice, which helped kickstart Bitcoin adoption worldwide. 👏
#BitcoinPizzaDay
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Litecoin halving was a success! And price just hit $100! 👍
Block 168,000 produced 12.5 LTC in block rewards.
Let's do this again in August 2023! 🎉
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Litecoin trying its best to lead all of cryptocurrencies out of this bear market. 😀👍🚀
#UFC
#MammothFilm
#ConfidentialTransaction
#MimbleWimble
#LightningNetwork
#Flappening
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If the US government owned every single bitcoin and each BTC was worth $1 million, it still wouldn't be enough to pay off the US national debt. 🤔
US gross national debt jumped by $72.8 billion in one day, on Thursday, punching through the $21 trillion mark and reaching $21.03 trillion. "Trillions are flying by so fast, they’re hard to see"
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2018 is the year it becomes dead simple for anyone to buy Bitcoin. We already have so many different apps that support it:
@Coinbase
,
@CashApp
,
@RobinhoodApp
,
@Abra
,
@RevolutApp
. Which big ones did I miss? Some of these even support Litecoin. Mainstream adoption here we come! 🚀
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Going up 100x in a year is unheard of even in crypto space. The little chickun that could! 🐔🚀
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I'm tired of all these "join this pump group" replies. That's an instant block from me. I wish there's a way to automatically block these posts.
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I'm ranked 3rd most influential in blockchain 2017 by
@coindesk
behind Jamie Dimon and the Bitcoin Sign Guy. How did I manage to lose to those 2 fools?! 😜 Thanks
@pete_rizzo_
for a great article!
Happy new year everyone! 🎉
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Craig S Wright's talks and papers are filled with illogical technobabble (h/t
@PeterRizun
) and his Satoshi proof is fraudulent. He's a fraud. Why give this guy a platform?
I will not attend or speak at any conference that invites CSW to speak.
Speak out if you agree!
#NoCSW
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Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. 😲 🚀
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Whenever I want to show the censorship resistance feature of Bitcoin/Litecoin, I make a donation to WikiLeaks. No company or government can stop me. That's what makes crypto-currency valuable!
@JulianAssange
@wikileaks
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Gemini will be adding Litecoin!
Breaking: Winklevoss Brothers Bitcoin Exchange Adds Zcash, Litecoin, Bitcoin Cash by
@DelRayMan
#BlockchainWeekNYC
#Consensus2018
#BUIDL
@Forbes
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GDAX keeps showing the annoying "Partially Degraded Service" message. Apparently, Bitcoin is congested with transactions and Ethereum is congested with crypto kitties. But Litecoin network works perfectly. 😀🚀
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I'm proposing an upgrade to Litecoin with a soft fork that will let miners signal their min accepted fee in the block header. This will let a fee market develop without having us decide what the min fee is. Will also make it easier for users to estimate fees. More details later.
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I just noticed Cardano (ADA) is
#6
on CoinMarketCap. How did it become a $10B coin when it's only 3 months old and the only major exchanges trading it is Bittrex and Binance and without even any fiat trading pairs?
Either the market is crazy or Cardano will end world hunger.
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Thanks Justin! I'm excited about this opportunity to meet a legend.
I'm thrilled to invite my good friend
@SatoshiLite
, creator of Litecoin, to be the 1st guest to join my lunch with
@WarrenBuffett
. More friends to be announced!
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Yes, it's my birthday today. April 13, which happens to be Friday the 13th this year.
Turns out, it's also Litecoin's 6½ birthday. Coincidentally, I launched Litecoin on my half birthday.
🎂🎁🎆
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Bitcoin is making a HUGE statement today showing all the altcoins who the king of crypto is! Wow.
$16500 now. I'm expecting a correction anytime now. But then again, I have been expecting a correction since $5000. What do I know? 😀
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Hodl on for dear life! This is what a rocketship to the moon feels like. 🚀
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I bought my first BTC at $30 and watched it tumble to $2 in the next year. If you can't stomach a 90% drop in crypto, don't adopt early. 😀🚀
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This guy at the senate hearing looks suspiciously like my profile pic. 🤔
It's not me... I swear! 🤣
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@GDAX
Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! 😀
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LN with atomic swap makes Litecoin effectively Bitcoin's sidechain, but with much better security via decentralized PoW mining compared to federated/merge mining of regular sidechains. Value can move across chains seamlessly to take advantage of LTC's faster/cheaper onchain txns.
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I will let you guys in on my little secret. The reason why I post so much about Bitcoin is to get Bitcoin maximalists to follow me. Then I slowly chip away at their Highlander beliefs one tweet at a time. Before long, they will have bought some LTC and brainwashed. It works. 😜
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Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.
If Satoshi wanted to reveal himself, he would sign a message with the genesis key. Anything short of that is most likely fraudulent.
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Japanese DMM crypto exchange will launch on January 11 with 7 coins including LTC.
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Listen to the amazing
@brucebuffer
introducing Litecoin at
@ufc
232 before the co-main event b/w
@criscyborg
&
@Amanda_Leoa
! 🚀
Tonight is about brand awareness, but the end goal is still mass adoption. UFC PayPerView discount when you
#PayWithLitecoin
? How about it
@danawhite
?
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To the scammer that replies to my posts scamming for LTC, why don't you do some good with your skills? Create fake
@rogerkver
and
@bitcoin
accounts and always reply to their posts with "I changed my mind, Bcash is a scam!" 😂
I bet people will donate coins to you in that case.
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Coinbase and GDAX now supports Segwit 'M' addresses for Litecoin. 👏
FYI: Litecoin has switched to 'M' addresses to prevent confusion with Bitcoin's '3' addresses used for multisig and SegWit.
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TenX recently added LTC to their wallets, and we are working with them to launch a Litecoin debit card. Stay tuned for more information. LitePay who? 😂
#PayWithLitecoin
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Litecoin debit card!!!
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I have not seen so much hate towards one another on crypto Twitter since I first started tweeting. I realize the bear is giving us a beating, but this is what makes us stronger in the long run. And this is what "blood in the streets" look like.
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Reddit plans to support Litecoin payments. 🚀
#PayWithLitecoin
.
@Reddit
, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO
@KeyserSosa
.
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I'm announcing today that in 4 days, I will be cutting Litecoin mining rewards in half for the first time in 4 years. This should help prevent the possibility of a cryptocurrency downturn. 👍
And I will cut it in half again in 2023! 😮
Federal Reserve cuts interest rates for the first time in over a decade to help prevent the possibility of an economic downturn
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Boom! 💥
Aliant adds Litecoin support to their merchant solutions. This is e-commerce and most importantly also point of sale with Poynt terminal integration!
#PayWithLitecoin
The Aliant team is excited to announce that we are now offering our merchants the ability to accept Litecoin payments! Who's ready to
#PayWithLitecoin
? Thanks to
@SatoshiLite
for creating the LTC we all love!
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I've been asked what I think about BitConnect. From the surface, seems like a classic ponzi scheme. I wouldn't invest in it and wouldn't recommend anyone else to.
I follow this rule of thumb:
"If it looks like a 🦆, walks like a 🦆, and quacks like a 🦆, then it's a ponzi." 😂
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Over 300,000 magical crypto friends on board this crazy ride! That's very humbling. Thanks everyone!
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Another payment processor for Litecoin. It's going to get a lot easier for merchants to accept LTC!
@GoCoin
@CoinPaymentsNET
@AliantPayment
@LitePayInc
and now
@LitePalOfficial
#PayWithLitecoin
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Happy 8th birthday to Litecoin! 🎉
Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. 😮
Looking forward to the next 8 years and more! 🚀
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I have a lot of tabs open in Chrome. But every now and then, I check the
@GDAX
tab title to see if it starts with $2. 😂
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Ok, Google. Ask Mr. Satoshi what is the price of Litecoin. 💥
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PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it's related to Litecoin. Don't fall for it and definitely don't enter your private keys or seed into their website or client. Be careful out there!
Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *... all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.
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Abra chose Litecoin over Bitcoin Cash because of Litecoin's better security and its adherence to Bitcoin's scalability roadmap. 🐔🚀
#flappening
Second piece of good news today.
@AbraGlobal
has chosen to launch its newest product on the Litecoin network after a long and thorough research. Abra lets you invest in all sorts of cryptocurrencies all hedged with smart contracts on Litecoin! 🚀
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One nice thing about being a crypto-celebrity at Consensus blockchain week is being able to get into sold-out parties by saying "I'm Charlie Lee, let me and my posse in!"
The flip side is that I sometimes even have to make conversation at the urinal. Talk about awkward! 😂
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