During an interview, the founder of Litecoin (LTC) – Charlie Lee, talked about his vision concerning digital currency, the reason why he sold his LTC tokens, and the comparison between Litecoin (LTC), Bitcoin (BTC), and XRP (XRP).
Charlie Lee Said It Was a Relief to Sell His LTC Tokens
During an interview at the Asian Blockchain Summit 2018 that held in Taiwan, Lee was asked some questions regarding the crypto space during some free time. When asked about his decision to sell his LTC tokens, he said that it was a huge relief to him.
He said the decision to him two weeks to make, however, he doesn’t regret it. Based on this act, he eradicated the accusations of biased opinions, it will also help him to focus more on the development of the blockchain project beyond speculating on the value of the coin in the market.
Bitcoin Is an Electronic “Gold”
Charlie Lee said that the only commodity that he can compare Bitcoin (BTC) to is “gold,” adding that the closed things to gold in the crypto space is BTC. He said the considerable increase in values, as well as the massive adoption of Bitcoin (BTC), makes it a valuable digital storage for a lot of people, and this is what makes Bitcoin a great digital equivalent to gold.
Litecoin Is “Silver”
According to Lee, Litecoin (LTC) and Bitcoin (BTC) share the same philosophy. He said the basic difference between both coins is the speed of transactions and the fees required to process a block. LTC is four times faster than BTC, but BTC has more use cases.
XRP Is “Diamond”
Lee said that XRP’s extreme centralization makes it have certain traits with the diamond market. He added that centralization paves the way for manipulation. He also commented that hodling XRP is good news for fiat lovers.