Ep. 38: Sidechains, Stable Coins, and What’s Wrong with the ICO with Charlie Lee of Litecoin

‘There’s definitely some teams that are using [ICOs] and are able to fund their ideas better and more easily than the traditional VC way of doing things, but there’s just too many bad actors that just want a get rich quick scheme.’ Charlie Lee created Litecoin in 2011 while he was working as software engineer for Google. Litecoin is ‘the silver to Bitcoin’s gold,’ functioning as a peer-to-peer cryptocurrency that complements Bitcoin. In the long-term, Charlie sees Litecoin becoming a payment currency used at both physical and online stores, and he is currently working to promote widespread merchant adoption. Charlie also spent four years with Coinbase, serving as the Director of Engineering for the digital currency platform. Today Charlie explains why he is not a fan of the ICO, discussing why it’s ripe for bad actors. We cover the future of cryptocurrency and the major debates in the ecosystem, including hard forks and Bitcoin Gold. Charlie shares his inspiration for dedicating his career to cryptocurrency as well as his ambitions for Litecoin. Listen in for Charlie’s insight around sidechains, stable coins, and the value of CryptoKitties. Connect with Charlie Litecoin https://litecoin.org/ Litecoin on Twitter https://twitter.com/litecoin Charlie on Twitter https://twitter.com/SatoshiLite Resources Mentioned Coinbase https://www.coinbase.com/?locale=en-US Aragon https://aragon.one/ Monero https://getmonero.org/ Connect with Boost VC Boost VC Website https://www.boost.vc/ Boost VC on Facebook https://www.facebook.com/boostvc/ Boost VC on Twitter https://twitter.com/BoostVC