Charlie Lee: Simply Acquire Bitcoin and Disregard Alternative Cryptos – Bits Media
Acquiring and keeping bitcoins as a long-term investment, rather than actively participating in crypto trading, is simpler and yields higher returns than launching and maintaining your own venture, suggested Litecoin co-creator Charlie Lee.
During a CoinDesk Spotlight podcast discussion, Charlie Lee confessed his remorse over the time and resources spent building his alternative cryptocurrency. He further stated that, given a second chance, his sole focus would be on acquiring and holding Bitcoin.
“The development of Litecoin didn’t enhance my financial status; instead, it evolved into a continuous source of concern. If I had the opportunity to change things, I would simply purchase Bitcoin, store it away, and maintain complete anonymity,” the businessman revealed.
Lee pointed out that Litecoin is frequently marketed as “the silver to Bitcoin’s gold,” boasting supplementary characteristics like swifter transaction processing. Nonetheless, Lee expresses his conviction that these perceived advantages do not outweigh the personal obligations he feels toward the community and the difficulties tied to overseeing the initiative.
“Launching something such as Litecoin during cryptocurrency’s nascent stages was indeed exhilarating. Yet, considering things from a present-day view, merely possessing Bitcoin would have proven a more straightforward and productive method,” Charlie Lee reflected ruefully.
The reality is that the world isn’t in search of a “quicker Bitcoin,” but has a strong requirement for the most “reliable and dependable” digital currencies, Litecoin’s originator clarified.
Previously, Cardano blockchain’s founder, Charles Hoskinson, communicated the commencement of discussions aimed at achieving an accord for integrating his project with Litecoin.
Источник: bits.media
