Re: Know Why the Founder of Litecoin Charlie Lee Sold and Donated All His Coins

#2
kenzie wrote:
December 25th, 2017, 7:28 am



Lee sold out just before LTC reached it's ATH and right before it dipped pretty heavily.
That looks rather suspicious, don't you guys think so?


Read more: https://www.profitconfidential.com/cryp ... litecoins/
Just curious as to how you see this as suspicious? He wanted no conflict of interest at all between owning the coin and developing the coin. Obviously the market could be manipulated significantly by the lead developer / huge figure in the crypto scene, and he didn't want that controversy in the future.

The TA probably could explain it better than words, but LTC was running quite high at the time, and Charlie decided he didn't want any future conflict so that's that.
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