What is the Difference Between Litecoin and Bitcoin?
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If you've ever browsed TradingView. Now, for the people that don't know who Charlie is, Charlie Lee aka cobleeSatoshiLite worked for various companies and then Google after graduating from college in Charlie must have always had an interest in cryptocurrency because in he created Litecoin.
Litecoin is the third oldest still-living cryptocurrency being younger than only two others, Bitcoin and Namecoin. You should already know about Satoshi Nakamoto, the name used by the unknown inventor of bitcoin.
Satoshi claimed to be a man living in Japan, born on April 5th, In mid Satoshi handed off the source code repository and network alert key to Gavin Andresen and transferred the original domains to various others in the Bitcoin Community.
The author of this chart, MonocoleDundee, brought up a few points and a conspiracy that would shake cryptocurrency to it's core that made me scratch my head. The first thing he points out is probably the most intriguing fact we have. It claims to be announcing a new technology on August 1st of LTC developers love their mystery. I won't even get into the juicy fact that this date is the same date that has been suggested for the USAF of Bitcoin.
The author of the conspiracy-chart then goes down the rabbit hole, citing the recent technology countdown as inspiration. He brings up some facts that I verified and researched:. These are all true and easily verifiable. Take note of Satoshi's claimed birthdate as well April 5th, Litecoin was created in Two years might seem like a lifetime in today's fast-paced crypto world but back then this was a blink of an eye.
The number of Bitcoin wallet holders in was still under 1 million compared to the almost 15 million today. The point is that it wasn't very long between the two coins releasing. Charlie must have been a very very early user of Bitcoin in order to develop another currency so quickly. I would guess he was within the first thousand bitcoin wallet holders.
But this is where the real facts end and the fun stuff begins. During this time Bitcoin's use and value was being maintained by its popularity on the dark web markets, like Silk Road and Agora Marketplace. This period of black market usage and illicit product purchasing was nothing anyone would want to take credit for. The idea of cryptocurrency itself is so powerful and paradigm shifting in itself.
Just think if you were the one person that invented Bitcoin! Who knows how the world would have treated someone like that. If he wasn't dead or locked up by now, or extorted for his massive wallet of coins he would probably be insane. I have no doubt that Satoshi understood the possible ramifications of his invention and wanted to be sure he would not be pin-pointed and blamed for whatever happened after it was unleashed on the world.
I also ask myself this question. If Satoshi is still alive, what are the chances that he is not still involved in crypto somehow. He probably still has wallets with a lot of coins on them.
He also is presumably still in control of the very first Bitcoin wallet. Litecoin is also an almost identical copy of Bitcoin, except with central development. Decentralization is great but it can be slow.
Litecoin is decentralized where it counts and not so much where it can hurt to require open-source voting consensus. Any changes that Bitcoin wants to make can be made on the much smaller and quicker Litecoin to see how they'll work. Litecoins introduction of segwit is a good example of this. Now let's get back to business.
This puts his approximate year of age between and Most likely not an exact match but it's interesting the mention regardless. I know that it's not much, but as far as I know there is nothing that blows a huge hole in this theory. This scenario is highly unlikely.
Coinbase was still it in it's infancy in It very well may have still been the largest cryptocurrency company in the worldbut I doubt a talented guy like Charlie would need to admit something so insane to get a job there. The author of the original TradingView article goes into a much more generalized tirade at this point. His statements about LTC are valid.
Litecoin seems to always be a step ahead of Bitcoin developmentally. Charlie Lee is obviously a very talented programmer and very deep connections in the crypto world and has some incredible knowledge of the landscape we have all found ourselves trying to navigate. As for the question: Is Charlie Lee actually Satoshi Nakamoto? The answer is probably not. I am the type of person that reads a lot but sometimes I read something that just eats away at my brain like bugs, the only cure being pure, unfiltered, information pesticide.
Alas, can bring it all back to the fact that two weeks ago Charlie Lee left Coinbase to focus on Litecoin full time. This coupled with the mysterious countdown timer at MIT further shrouds the lite version of Satoshi in a fog of speculation and imagination.
Read the news and keep up with your coins. If we can learn anything from this, it's that massive things are on the horizon for Litecoin, Bitcoin and the entire Cryptoverse. Until we find out what it is I would really like to hear your thoughts. If you have any evidence supporting or weakening this theory please share it. If you made it this far through the article I want to sincerely thank you. These are just the ramblings of a knowledge junkie and a renaissance man. Please follow and upvote if you enjoyed it.
I am knew to Steem and really giving it a shot. The best reward of all, however, is knowing I stimulated your mind. I'm just a young man with an unquenchable thirst for knowledge and vision.
Thank you for welcoming me here at Steemit and I hope to post again for you all soon! I was always curious about this question myself. I used to mine LTC and it made a lot of sense to me, even if I was not sure it was a good investment which it is.
It's rare that such a mystery goes on for years and is never solved. To me, that means that we are dealing with an uber genius; someone not typical and not easily manipulated.
The mystery of Satoshi is certainly an incredible one. He was thinking many, many steps ahead. That type of person could also possibly embed themselves back into the industry, unnoticed. I went into bitcoin talk one day and read his posts, they literally feel like reading the works of history which they are.
It definitely could be Charlie Lee. I definitely don't think it's Craig Wright. I would also be disappointed if it was. I agree that whoever it is, he definitely was manyyyyyyyyy steps ahead and knew the ramifications of what could happen if his identify was made known.
I also feel sometimes like Charlie Lee in public comes off overly simple, when he's clearly a genius. I feel like he's almost at times keeping it simple on purpose to not show that he could be satoshi. He's denied it a few times, but honestly if I were him, I would never admit it. It's amazing how history happens. Maybe one day in a few centuries, some archaeologist or something will find proof that charliee is satoshi I would say, you should write your own article on this subject. Let us know what you have found in your reading on the subject?
Just seen Charlie in an interview and he seems very straightfaced and down to business. A bit like what people have reported Satoshi spoke like on his posts during the early days. Satoshi Nakamoto is a great man who has been ahead of his time for dozens of years. He changed the world forever. But I'm afraid we'll never know who he really is. Given that one of the principles laid in the base of bitcoin - anonymity.
I think Satoshi wants to stay in the shadows. Thank you for this post. Yes i read to the end. I'm very curious to know what the upcoming announcement will be. I've thought about this too, it could be. Would totally destroy my hope for humanity.
