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by coblee
Tue Nov 10, 2015 10:51 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

1) I plan to travel to HK/Taiwan/Shanghai next month. And I've asked Bobby Lee, my brother, to help me plan some stuff. What do you have in mind that I could be doing when I'm there? 2) Litecoin adoption is being pushed by the Litecoin Association and less by me. Though I tweet and give talks about...
by coblee
Tue Nov 10, 2015 10:50 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

How would you answer those who say you are not really committed to Litecoin because you are only involved part-time in the project and haven't done any innovation since Litecoin was launched? Don`t you think your persona is rather overrated since you didn't do much rather than forking and tweaking ...
by coblee
Tue Nov 10, 2015 10:43 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, Can you speak to the resources being devoted to Coinbase Merchants. Is there any focus by the engineering team to building this out more? How has this been received by other developers and the merchants who use these services? How many merchants use Instant Exchange to convert the curre...
by coblee
Tue Nov 10, 2015 10:38 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie,

Given you invented Litecoin, have you ever considered starting your own company? If so, can you share any ideas?

Thanks for doing the AMA!
Yes, though I don't have any ideas currently. If I think of something compelling, I would do it.
by coblee
Tue Nov 10, 2015 10:37 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Yes, Coinbase has been spending most of our resources addressing the current use cases of Bitcoin: trading, storing, and spending. Next year, we plan to spend a bit more time innovating and thinking up new ways to push this technology. Will see if we can come up with the next killer app! Which of B...
by coblee
Tue Nov 10, 2015 10:33 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

1. Why did Litecoin choose to use the same version byte for Pay-to-Script-Hash as Bitcoin is using? 2. Is there any plan to change this soon? This seems to result in confusion where users will attempt to send Litecoins to a Pay-to-Script-Hash address that is intended to be used for bitcoins (or vic...
by coblee
Tue Nov 10, 2015 10:30 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie,

Would you ever counsel Litecoin as an investment?
No, please do your own due diligence as to whether or not to invest in Litecoin. :)
by coblee
Tue Nov 10, 2015 10:29 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

What's your opinion on the following technologies and which would you prefer if Litecoin were to suddenly have the same block size issue: BIP100 BIP101 BIP1** Lighting Network Are you in favour of a hardfork to change the version number of multi-sig addresses. (Are you aware that many people are se...
by coblee
Tue Nov 10, 2015 10:23 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie,

are there plans that Litecoin adds some anonymity features in the future? i guess people would love this.

LiteCoinGuy
I'm always open to that. I think the work Greg Maxwell is doing with confidential transactions is pretty cool.
by coblee
Tue Nov 10, 2015 7:22 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, Here is another Question from another forum i should ask you: Robert01 asked: Can you give me a few reasons why Litecoin is more than a pump and dump coin right now and why i should invest more time and -in the end- money in it? Why Litecoin is necessary in the future besides Bitcoin? A...
by coblee
Tue Nov 10, 2015 7:18 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, I understand first and foremost your position is to keep the Coinbase machine running smoothly. Do you find it's tough to make time to innovate and do experiments on new ways to use this technology? Do you have any opinion on Blockstream's proposed implementation in terms of performance...
by coblee
Tue Nov 10, 2015 7:14 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, Thanks for doing the AMA! Leaving Google to join Coinbase must have been a difficult decision, although the [bitcoin price] run up prior to July was pretty epic. Was there anything about that decision that you can share with us that helped you leave Google for a bitcoin company? Thanks....
by coblee
Tue Nov 10, 2015 7:10 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Charlie,

Glad to see you are still riding my coat tails. :p. Wondering when you decided to let Warren take over the project.
It was early 2013. Warren was very active with Litecoin development and was the best person to lead the project.
by coblee
Tue Nov 10, 2015 7:08 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, where would you like to see Litecoin in 5 years from now? What's your game plan to take from where it is today, to where you envision it to be? The plan has always to be for Litecoin to be used as money in everyday transactions alongside with Bitcoin. My plan is to first help Bitcoin/Li...
by coblee
Tue Nov 10, 2015 7:03 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie What do you think about the future of Litecoin... like now and the next 1 or 2 years? Do you think that bitcoin & litecoin will be THE future of digital money? Or will it don't excist anymore...? if that is possible...? What price do you think litecoin will have for each litecoin in 2016...
by coblee
Tue Nov 10, 2015 7:01 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie, Thank you very much for doing this. 1.) Litecoin creates the most volume in China. Are there any special events planned to maximize Litecoins Market Importance there? Are you in contact with the chinese community? 2.) Are there any plans to increase Litecoin adaption? 3.) Is Warren stil...
by coblee
Tue Nov 10, 2015 6:55 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Did you ever see Litecoin taking over Bitcoin?
The plan was not for Litecoin to overtake Bitcoin. And I don't see that happening except for an extremely rare scenario. I think Bitcoin/Litecoin is a good 1-2 crypto-currency punch against the world of fiat currencies.
by coblee
Tue Nov 10, 2015 6:53 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Thanks so much for participating Charlie! What percent of your time do you spend on Bitcoin things vs Litecoin things currently? What do you see as the biggest difference between the two communities? I spend about 95/5 split between Bitcoin and Litecoin since I work full time on Bitcoin at Coinbase...
by coblee
Tue Nov 10, 2015 6:48 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Which digital currency (litecoin,dogecoin, peercoin etc) do you think will be the biggest competitor or which shows higher chance of success to bitcoin in 5 years
Litecoin, of course!

I also think Ether has good staying power. Vitalik is brilliant and is doing very innovative things with Ethereum.
by coblee
Tue Nov 10, 2015 6:47 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

Hi Charlie! How is it going with the blocksize issue? What are Core Developers opinion regarding BIP 100 and especially BIP 101? Do you think it can be resolved even if Gavin might not go to the scaling bitcoin event in hong kong during Dec? Also Coinbase has announced that it will support BIP101 p...
by coblee
Tue Nov 10, 2015 6:36 pm
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

1) What are your plans once Litecoin reaches it's block limit. 2) What did you mean when you said "LTC does not need development right now."https://twitter.com/satoshilite/status/544805318740283393 (I know what you meant but trolls like to take this one out of context.) 3) You once said in the trol...
by coblee
Tue Nov 10, 2015 11:33 am
Forum: AMA - Ask Me Anything
Topic: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Replies: 53
Views: 33961

I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!

First, some background... I graduated from MIT with a Bachelors and Masters in computer science. Worked at various companies including Microsoft, Guidewire, and Google. I discovered Bitcoin in April of 2011 from an article on Silk Road. Of course! :D I created Litecoin in October of 2011. I left Goo...

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