Roger Ver: Litecoin’s founder, Charlie Lee, has no idea why Bitcoin [BTC] became popular
Roger Ver, the founder, and CEO of Bitcoin.com, recently gave an interview at the Bitcoin SV channel. When asked about what his thoughts were on Litecoin’s creator Charlie Lee, Roger Ver said, that Charlie Lee was waiting for Bitcoin to slack so Litecoin can pick up from there.
“His whole goal, from day one, was to be right there ready to pick up the (BTC’s) slack.”, says Roger Ver.
He further adds that the moment Bitcoin’s transaction fee rises and reliability reduces Litecoin would be promoted as the best alternative to Bitcoin. He also adds that if Bitcoin is completely reliable then Litecoin would be pointless.
“If it wasn’t for the crippling of BTC, Litecoin would be completely pointless and worthless.”
He closes his topic on Charlie Lee by saying,
“I don’t know how much Charlie is in it for the money or not, but I do know that he has zero understanding of the economics of why Bitcoin became popular, to begin with.”
Litecoin’s the sidechain of Bitcoin [BTC]
According to Charlie Lee, Litecoin isn’t competing with Bitcoin but rather acts like a sidechain to Bitcoin. Charlie Lee says that major Bitcoin changes can be first tested on Litecoin and if successful they can be implemented on the main Bitcoin blockchain. One example of this is the implementation of privacy protocol, Mimblewimble protocol.
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