According to the Creator of Litecoin Charlie Lee, the decision to sell all his LTC coins when their price reached a record high, was not quite correct because the negative effect on the course “digital silver” in the short term. This revelation was shared in a conversation with a founder of a startup TenX Julian Hosom.
At the same time, the Creator of Litecoin noted that his decision should have a positive impact on long term rates for the seventh by market capitalization crypto-currencies.
“Despite all your doubts, I am convinced that this was generally the right move. However, in the context of short-term prospects, when the price is significantly reduced, it was not the right decision”, said Charlie Lee.
Lee also once again reminded that Litecoin needs to be truly decentralized and that he did not want to single-handedly influence the exchange rate of the cryptocurrency.
“The currency was indeed global and decentralized, it should not be a leader who could control the situation. To make Litecoin decentralized, I’ll step aside… I Think that in five years when the price will return to record levels, I can finally confirm that it was the right decision”, — he stressed.
ForkLog previously reported TenX partnership with Litecoin Foundation and plans for a Singapore company to release a debit card for LTC.