“It’s battle-tested, really demonstrated use case of payments.” – 04:10
Charlie Lee, Creator of Litecoin, joins Remy Blaire to discuss Litecoin, a digital currency designed to be a faster and cheaper alternative to Bitcoin, while also incorporating optional privacy features.
Remy invites Charlie to share the foundational principles of Litecoin, where he likens money to a battery. Charlie explains that Litecoin was created primarily for payments, emphasizing its low transaction costs—less than a penny per transaction—and its goal to serve as sound money for the people, similar to gold and silver.
As the discussion progresses, Remy notes that Litecoin is approaching its 14th anniversary and asks Charlie about the plans for Litecoin funds. Charlie reveals the rebranding of MEI Pharma to LiteStrategy, which aims to hold over $100 million worth of Litecoin. He outlines the strategy to accumulate more Litecoin and explore mining opportunities as part of this initiative.
Remy then addresses the criticisms surrounding Litecoin, particularly regarding its innovation and competition in the crypto space. Charlie responds by discussing the recent addition of a privacy layer called MWeb, which enhances the fungibility and privacy of transactions. He emphasizes the importance of allowing users to maintain control over their wealth without exposing their financial information on the public blockchain.
The conversation shifts to Litecoin’s identity as the “people’s currency” and its adoption by public companies implementing crypto treasury strategies. Charlie underscores Litecoin’s fair launch, its battle-tested nature, and its proven use case in payments, noting that it has consistently been a top choice for transactions on platforms like BitPay.