Charlie Lee (computer scientist) explained

Charlie Lee
Birth Place:Ivory Coast
Education:BS and MS, computer science, Massachusetts Institute of Technology, 2000

Charlie Lee is a computer scientist, best known as the creator of Litecoin. He serves as the managing director of the Litecoin Foundation.[1] [2]

Early life

Lee was born in Ivory Coast, moved to the United States at the age of 13, and graduated from high school in 1995.[3] He graduated from the Massachusetts Institute of Technology with bachelor's and master's degrees in computer science in 2000.

Lee's brother, Bobby C. Lee, is the founder and CEO of cryptocurrency exchange BTC China.[4]

Career

For a decade in the 2000s, Lee worked for Google. His work for the company included writing code for ChromeOS.[5] In 2011, Lee became interested in Bitcoin.[6] In October 2011, he released Litecoin on Bitcointalk.[7] He had written the blockchain technology based on the Bitcoin in his spare time while employed at Google. He released Litecoin to the public after mining only 150 coins. Lee has stated that he did not intend to compete with Bitcoin but meant Litecoin to be used for smaller transactions.

In July 2013, Lee left Google and began working at Coinbase, before the cryptocurrency exchange adopted the coin he had created.[8] Lee held the position of Engineering Director until 2017.[9]

In December 2017, Lee announced on Reddit that he sold almost all of his Litecoin holdings due to a perceived conflict of interest.[10] He had been criticized for his tweets, which had a possible effect on the price of the coin.[11] Lee sold or donated all of his coins except for a few minted in physical form, which he kept as collectibles.[12] [13]

Lee is currently working full-time with the Litecoin Foundation on fostering Litecoin adoption.[14]

Notes and References

  1. News: The founder of litecoin said selling his entire stake 'feels like it's not the right decision'. Williams-Grut. Oscar. April 28, 2018. Business Insider. May 23, 2018.
  2. Web site: About Us. Litecoin Foundation. en-US. May 26, 2018. February 16, 2023. https://web.archive.org/web/20230216144022/https://litecoin-foundation.org/about-us/. dead.
  3. News: Who Is Charlie Lee, Litecoin Founder?. Reiff. Nathan. May 7, 2018. Investopedia. May 9, 2018. en-US.
  4. News: Hill. Kashmir. From Walmart To Bitcoin: The CEO Behind The Chinese Exchange Sending BTC To New Highs. Forbes. 2013-11-08. 2013-11-08.
  5. Ex-Googler Gives the World a Better Bitcoin. Robert. McMillan. August 30, 2013. Wired. May 9, 2018. en-US.
  6. News: What Is Litecoin, and Why Is It Beating Bitcoin This Year?. Shen. Lucinda. December 12, 2017. Fortune. May 26, 2018. en. January 29, 2021. https://web.archive.org/web/20210129070502/https://fortune.com/2017/12/12/litecoin-bitcoin-price-2018/. dead.
  7. News: A $100 Worth Of Litecoin A Year Ago Is Worth $30,000 Today. Hill. Kashmir. January 13, 2014. Forbes. May 26, 2018. en.
  8. Ex-Googler Gives the World a Better Bitcoin. Robert. McMillan. August 30, 2013. Wired. May 9, 2018. en-US.
  9. Web site: McGleenon . Brian . Why is this crypto token rising amid crash and FTX collapse? . Yahoo Finance . 7 December 2022 . 24 November 2022.
  10. Web site: Litecoin price, tweets, and conflict of interest. December 20, 2017 . live. https://web.archive.org/web/20171220082106/https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/ . December 20, 2017 .
  11. Web site: Litecoin founder Charlie Lee has sold all of his LTC – TechCrunch. Russell. Jon. December 20, 2017. Techcrunch. en-US. May 23, 2018.
  12. News: Litecoin founder Charlie Lee says he's sold all his holdings in the cryptocurrency. Browne. Ryan. December 20, 2017. CNBC. May 23, 2018.
  13. News: Founder of Bitcoin Rival Litecoin Sells His Cryptocurrency After 7,500% Rally. Bloomberg. December 20, 2017. Fortune. August 2, 2020. August 10, 2020. https://web.archive.org/web/20200810071051/https://fortune.com/2017/12/20/charlie-lee-litecoin-cryptocurrency/. dead.
  14. SatoshiLite . Lee . Charlie . 1042648826027241472 . 20 September 2018 . I'm working on Litecoin full-time and focused on Litecoin adoption. .

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