We are pleased to announce our next AMA on January 12th 2021 at 06:00 PM UTC Time: Satoshi Club x Charlie Lee
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Charlie Lee Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Charlie Lee Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Charlie Lee
For more details:
Charlie Lee – @Litecoin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Litecoin have almost 10 years. There are not so many projects with such longevity. What are your next objectives at Litecoin Foundation and what are your duties for the foundation
I read that you created LTC while being employed at Google. Didn't this create some conflict of interests? I heard that sometimes they try to steal tech developed by people who are employed by them at the time of it being created.
Litecoin is one of the oldest cryptocurrency that exist since 2011.Congratulation to all of Litecoin achievement until now. So how do you feel become one of top 5 (or maybe top 3) in cryptocurrency? What achievement in the future that Litecoin still want to reach?
Curious what you see the focus of the foundation is adoption , improving the community, or payments. How many people accept LTC now?
What is the importance of cryptocurrencies in emergent countries?
Hear there’s a lack of developer involvement from the latest Bloomberg article where they referenced github. Is this true? If not, how are they contributing and to what scale?
What is the difference between P2SH redeem script on Bitcoin and on Litecoin?
How do I Authenticate and get Litecoin Id in iOS Swift ?
There are many cryptocurrencies out there, and by some counts more than 2,000. Do you think we will get to the point where maybe a few will emerge as dominant, or maybe just one? How many do you think the world can handle?
Do you see that maybe one iteration of that future is that central banks would issue some kind of cryptocurrency?
Do you think there will ever be a time when we will do away with central authorities of monetary systems in the world?
Do you see a world where cryptocurrencies in blockchain applications will be ubiquitous, just like mobile phones are now widely used to pay for things instead of just making phone calls? Do you see blockchain and cryptos changing the daily lives of people, and in what way?
How big is the Litecoin foundation at the moment? How many people are involved directly in it? I mean on the about us section I saw a lot of names, but the has a few errors, copyright info is not updated, looks a bit forgoten to be honest
Litecoin is part of the top 10 of coinmarketcap for a long time, but a lot of sites of cryptocurrencies and enthusiasts say this is not descentralized like others coins for example Dash. What you say about it?
What is the plans to make the transaction of litecoin more fast with more scalability? For a small transaction the time can be 5 10 minutes in other coins like tron it’s in seconds.
As one of the oldest and leading cryptocurrencies in the market, and one of the main “rivals” of bitcoin, what do you think about the fluctuation that BTC has had these past days, and how could that possibly affect Litecoin itself?
What advices and perhaps, wise words would you have for those companies that are starting right now to launch their own token and aspire to be as big as Litecoin and yourself one day?
How are you planning to stay as important and relevant as you are right now? What marketing plans do you have to get to even more users than you have at this moment?
My question is simple: If you could make a comparison, what are the similarities and differences between Litecoin and Bitcoin?
At the moment, with the market all red and people scaring out, what will you say is the best choice for investors to do with their Litecoins?
One of the usecase of Litecoin (LTC) is to be use as borderless payment all over the world. Do you think you already achieved this purpose or you still feel that LTC needed to push more marketing programs?
There has been a lot of controversies regarding litecoin’s instamine phase, that the initial distribution of Litecoin was done in an unfair and uneven manner, and two years back you were criticised for posting and deleting a tweet that was aimed at Dash where you claimed that Dash was launched to friends only for the first few days and then total supply reduced after that which to many is a similar issue to what you were being criticised for…so what is your stand regarding the controversies associated with litecoin’s Instamine phase, what issues did you have with DASH and why was that tweet deleted…
There are reports that no one is working on the development of Litecoin protocol.. does this bother you at the moment, and what can you say is the reason for the lack of interest of developers in working on Litecoin protocol.. don’t you think this spells doom for the future of litecoin
You were heavily criticised when you sold and Donated all your Litecoins, which is believed to be due to personal reasons and possible conflicts of interest.. are there any other reasons apart from these.. and ever since you did that, was there any point where you regretted this particular act
SEC is very active on scrutinizing cryptocurrencies and the latest is the XRP case which SEC considered as a Security coin. With this in mind, are you not worried that LTC might be subjected to the same fate like TON and XRP? Will there be a chance that SEC might see LTC as security too.
As a coin that has existed for a long time. How do you respond to new projects that have recently made their own coins? Is this a threat to you and LTC coin?
Lots of investors or cryptocurrency activists are buying LTC coins. Your community is also very large and strong. Since its creation, how have you maintained a strong, healthy community? and of course, what is your strategy to make LTC coin and its community continue to grow today?
LTC coin has been around for a long time. Likewise, those of you who have developed and achieved big achievements. Have you achieved all the targets that you made? Do you have other big goals that you will achieve? Please share with us
With lots of new competitors in the crypto space and the popularity of Defi and NFTs are soaring, is there any plans to venture on it or any other developments that is ongoing right now with Litecoin?
2020 and this year is a golden year for the DEFI project, what about Litecoin? Are you not interested in trying to bring up DEFI features such as staking, yield farm and NFT?
Litecoin has been build since 2011, for almost 10 years, what is the biggest achievement of Litecoin?
Yesterday I was very surprised to see that the next AMA here at satoshi club was going to be nothing more and nothing less than the great Charlie Lee, however I was a little surprised by the fact that they do events like this that are usually for new projects. So, why do they do it? What is Litecoin’s goal with these AMAs?
If I told you that I intend to create my own token aspiring to be the future bitcoin or the next litecoin, what advice would you give me? What have these 9 years taught you?
When I write Charlie Lee in google, the first search recommendation is for: Charlie Lee sold Litecoin.
There were a lot of discussions regarding this topic. Can you clarify those speculations. Do you still have LTC or not?
Litecoin has a big community and currently with lots of places in social media. What will you say are the next steps in marketing solutions for the growing of Litecoin?
If Litecoin is really a powerful political and economic tool, as you say on your website, why is it not as renowned or marketing as many other projects? Could it be that Ltc is working on its fundamentals first and then creating a gigantic and reliable structure?
Litecoin can be purchased by using Paypal, neverless this platform can be tricky and sometimes people get scammed. I saw an interesting proposition to use VixWow but never heard of it, why do you recommend it?
really the third most important cryptocurrency is XRP, but does LTC seek to supplant it in any way? is that why the XRP native Flare Network project is now associated with you?
the definition of Litecoin is simply “decentralized money”? but really the other cryptocurrency projects are not the same Decentralized money?
is it really possible to make totally private payments, in a network free of censorship and open to all? is not this a contradiction? How does LTC please everyone?
The only benefits that LTC provides to its users is the guarantee that its value will increase considerably over time? Or do you plan to benefit them with some liquidity mining system, farms?
What role does the community play for this LTC project? Are you planning to use the DAO governance system? Or will they just give him the supporting role that they have always had?
really what was the primary objective they took for the creation of Litecoin? Was it simply to develop a currency that could make payments completely transparent and free of centralizations and impediments?
really why they have as a slogan that Litecoin is “THE FUTURE OF MONEY “? And really what time in the” future “do you mean? Do you think it will be in 10 years or more?
Two of the biggest challenges for Bitcoin right now are issues of scalability and volatility in its price. What about Litecoin price volatility? Do you worry that volatility will be an obstacle to using Litecoin for everyday transactions?
How about the block time for Litecoin significantly (4x) faster than Bitcoin’s. Do you ever consider making the block time even faster?
The decentralized nature of blockchains makes it all the more important that blockchain communities are active and growing. What efforts are you making to cultivate the Litecoin community?
As I remember, the selling point from Litecoin is “Asic Resistance”. ASIC-resistant is the property of a cryptocurrency that is “immune” to Asicmining. But it looks like Litecoin already abandoned that goal. Can you tell us the reason?
Can you tell us the history of how litecoin build for first time? And on 2017 why did you sell almost All of your Litecoin asset?
where you have been the very public face for a long time. What do you see as the advantages and the challenges to being the public face of a major altcoin like Litecoin?
Where do you see cryptocurrencies going? What do you think is its next iteration or use case? Do you see any new trends coming?
Where do you see cryptos in terms of being an investment asset? Is that a good idea? How do you even do a valuation of that?
With the evolving of all other chains, some of which have low to no fees at all, what makes LTC relevant? Why is it special?
LTC evolve from BTC codes in 2011 , it is one of the largest Alt coins around. I like LTC with it’s high speed andd low fees transfer and makes transaction in this bull run bearable. How will LTC evolve to join the defi hype ? What will be the most important feature in LTC roadmap for it to continue thriving in the cryto screne ?
litecoin basically have a lot of similarities to bitcoin..they both decentralized cryptocurrencies…they are both proof of work ecosystem…. but litecoin uses Scrypt algorithm while bitcoin uses the longstanding SHA-256 algorithm..what is the difference between the two algorithms and why litecoin use the newer algorithm which is Scrypt algorithm?
Recently, the US SEC filed a lawsuit against RIPPLE and kinda hot topic right now, after hearing this news what plans were you thinking to get rid of the FUDs out there regarding SEC issues and to protect LTC holders and investors’ trust? How important it is to abide the law and regulations, did Litecoin has complied with SEC beforehand?
Litecoin, like its contemporaries, functions in one sense as an online payment system. Like PayPal or a bank’s online network, users can use it to transfer currency to one another. But why litecoin conducts transactions in units of litecoin instead of using U.S. Dollars?
Undoubtedly, Charlie Lee and Satoshi Nakamoto are known as the most popular and leading names in the crypto world. In 2019, you made an interesting claim and claimed that Satoshi Nakamoto made a donation for the privacy project Grin. What was the basis of that claim, and after your conversations with Grin’s developer David Burkett, the idea emerged for Satoshi Nakamoto that he represented a group of people, not just one person. What do you think of these allegations?
Many wondered when Paypal would enter the cryptocurrency world, and eventually the company launched a new service that allows users to buy, hold and sell cryptocurrency. According to Litecoin, what contributions does PayPal’s entry into the industry or mediation bring to the industry and how do you evaluate the use of Litecoin on PayPal?
For the Litecoin network
How do nodes connecting and mining on testnet provide blocks to enable mimblewimble, and why do you use BIP9-style activation to provision blocks on testnet?
Litecoin is undoubtedly one of the oldest player when it comes to the crypto currency space been a top 10 crypto for many years, but over time litecoin has been seen to struggle in terms of adoption and application compared to its older rivals (BTC and ETH). What is LTCs plan and projections over the coming years that can help improve it’s metrics as against the above stated issues?
The foundation is registered in Singapore, but the team seems from all around the word. Where are you located after all?
In recent time so many big crypto like bch forked into two,so any forking in litecoin in nearby days?
We all see that privacy coin like xmr,zec,dash is delisting from major exchange,so litecoin being a privacy coin how will you overcome this problem?
If you bring out a change in litecoin,what it will be the changes?Any planning to change proof of work to proof of staked and any definitely on it?
In terms of Litecoin or cryptocurrency more generally, what keeps you up at night right now?
Given how long Litecoin has been around, how has your perspective of it changed over time?
What do you see as the most interesting applications of Litecoin’s scripting language?
Hello Charlie, Litecoin is a very good currency to pay with, it is fast and it hold its value. My Questions 1/ Why did Flare choose Litecoinholders to airdrop,(is this true!) do you have some insight news you can share.? Question 2/ You recently announced an ongoing partnership with Hub, why did you choose Hub and what benefit does this bring to the litecoinfoundation. Questions 3/ The intial roll out of the Litecoin card was in the usa, any news when it will become availible in Europe and the rest of the world. Thank you.
Can you tell us more about Flare’s integration with Litecoin on the Flare network launch in Q2? What advantages does this bring to both communities?
What do you think about litecoin getting 7.27% of the PayPal volume in last 24hour? How long do you think before Litecoin can break the dominance of Bitcoin?
What caused the recent drop of Litecoin by 25%? Can you please tell us why it happened and steps you are currently taking to gain the markets dominance?
Are there any plans to switch mode of mining from a centralized form to a Decentralized form?
What are the reasons behind the withdrawal of the Litepay service? What new opportunities did this leave Litecoin with?
What step is being taken to clear the uncertainty of status and the lack of rules of circulation that surrounds Litecoin?
Have you ever considered a merger with any other blockchain? If you were to have a merger, which blockchain would interest you most in this merger and why would you choose the exact blockchain?
What do you believe Litecoin can do to become the apex crypto currency in the world by 2025? Can you share with us some of the ideas that your team is working on to bring Litecoin to the very top of the crypto food chain?
Unfortunately I have not had the opportunity to speak with Satoshi Nakamoto but I definitely cannot miss the opportunity to speak with the founder of Litcoin… My question is a simple one, but I’ve always dreamed of asking it: How does it feel to be one of the first 5 most capitalized crypto-currencies in the market? When you created it, did you think that a few years later you would be in this position?
This October is already its first decade, and I would like to ask: What do you think have been your biggest successes and biggest mistakes regarding Litecoin all these years?
What do you think about Litecoin owning it’s own blockchain? In reality, which do you think will profit stakeholders more: being a fork of bitcoin or having your own blockchain? Your thoughts please.
Why did you decide to implement Mimblewimble protocol into Litecoin? And how this protocol will be interact with your coin, Litecoin will be fully private coin after fully Mimblewimble realisation or it will have features of optional anonymity by user’s choice?
XRP had a great Spark airdrop recently but after that has been dealing with SEC case and delistings. Now I heard that Litecoin will also do a Spark airdrop. Can you please share the details of the airdrop? And should we expect a SEC case afterwards 🙂