Charlie Lee

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Charlie Lee
Charlie Lee.jpg
Occupation Creator
Employer Litecoin
Location San Francisco, CA
Twitter @Satoshilite
LinkedIn Profile
Website Litecoin Homepage

Charlie Lee is the creator of Litecoin. He is a former employee of both Google and Coinbase.

Background[edit]

Charlie Lee was born in the West African nation of Ivory Coast. He emigrated with his family to the United States, later attending the Massachusetts Insitute of Technology.[1][2]

Lee has worked for several tech companies. In 2007, he began a software engineer position at Google.[3] In his spare time, he attempted to create an altcoin called Tenebrix in 2011, but it was unsuccessful.[4]

Litecoin[edit]

Lee began work on Litecoin in 2011.[5][6] He launched it in 2013, his second attempt at creating an altcoin.[7] That same year, he left Google to begin working at Coinbase, simultaneously working there and managing Litecoin. He said at the time that he considered Litecoin a "side project."[8][9] He left Coinbase in 2017.[10]

In February 2018, Lee announced over Twitter that Litecoin Cash, a new ICO, was fraudulently presenting itself as a fork based off of Litecoin. Lee issued a firm statement that Litecoin was not forking any time soon, and that any ICOs presenting themselves as forks of Litecoin were "scams." He advised potential investors, "don't fall for it," and "be careful out there!"[11]

In February 2019, Lee announced that he had met with Matthias von Hauff, CEO of Germany's WEG Bank, in a "very productive" meeting about upcoming products from TokenPay.[12]

In August 2019, the Litecoin Foundation began receiving decreased donations. According to Xinxi Wang, a board director at the Foundation, a number of employees volunteered to decrease their salaries in order to help the Foundation "weather the storm." The organization did not actively seek donations from the community in Q1 of 2018. News of this came a week after The Block reported that the Litecoin Foundation had depleted 75 percent of its cryptocurrency reserves since Q2 of 2018.[13] Lee, whose donations have accounted for 80 percent of the foundations funding since 2017, told Coindesk in a story published on August 28 that he would remain committed to funding the Litecoin Foundation. He said that his goal is for the Litecoin Foundation to become self-sustaining from donations, partnerships, and merchandise sales. Wang told Chinese news site XCong that the financial issues the Foundation was having were had no correlation "between donations and enthusiasm," and that the decreased price of Litecoin in Q1 2019 had just as much to do with the Foundation's financial issues as the low volume of donations.[14]

Education[edit]

Charlie Lee graduated from MIT in the 1999 with a master's degree in computer science, after studying in a back-to-back bachelor's and master's degree program.[15][16]

References[edit]

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