Charlie Lee’s announcement that he has sold off all his Litecoin and donated the dollars to charity have raised many questions. Some have compared this act to a CEO dumping all his company stock and abandoning a ship that is destined to sink.
That’s one way of looking at it. Another is viewing it as a selfless act in order to let the project go on without any accusations of being biased, pumping, manipulating the price, etc.
CEOs and Shares is a completely different world.
Perhaps he wants to demonstrate precisely that he views LTC not as an investment but as an actually useful means of transacting.
Moreover, perhaps what he is doing is heroic and the total polar opposite of what Roger Ver is doing.
Which now makes LTC more legitimate than Bitcoin Cash in my opinion.
Seeing that it’s an earlier clone of bitcoin core with a larger block size.