Bitcoin
$63,945.28+1.33%
Ethereum
$3,093.64-0.19%
Binance Coin
$543.24-2.16%
Solana
$137.72+0.10%
XRP
$0.49697629+0.73%
Dogecoin
$0.15706325-1.38%
Toncoin
$6.18-6.99%
Cardano
$0.46031794+1.06%
Shiba Inu
$0.00002279+4.73%
Avalanche
$35.01-0.19%
Wrapped Bitcoin
$63,971.55+1.24%
Tron
$0.11208407+0.77%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
03
DAYS
21
HR
50
MIN
18
SEC
Markets

Video: Charlie Lee on Scams, Plans and Being 'Satoshi Lite'

Litecoin creator Charlie Lee talks altcoin scams, Coinbase's expansion plans and why his currency needs bitcoin to succeed.

By Daniel Cawrey
AccessTimeIconFeb 11, 2015 at 3:00 p.m. UTC
Updated Apr 10, 2024 at 3:17 a.m. UTC
charlie lee litecoin

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

There are now hundreds if not thousands of altcoins in existence, but litecoin is one of the oldest and biggest. Since its conception in 2011, creator Charlie Lee – also known as 'Satoshi Lite' – has become a prominent figure in the crypto space.

Besides creating a cryptocurrency with a market cap of $63.79m, Lee also leads the engineering team at Coinbase, the firm that recently raised $75m from a number of high-profile investors, including Spanish megabank BBVA and the NYSE. The company is now the best-funded business in the bitcoin ecosystem.

In my interview below, we discuss altcoin scams, Coinbase's expansion plans and why litecoin needs bitcoin to succeed.

View the full video interview below:

This video was produced by ZapChain.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.