Video: Charlie Lee on Scams, Plans and Being 'Satoshi Lite'

Litecoin creator Charlie Lee talks altcoin scams, Coinbase's expansion plans and why his currency needs bitcoin to succeed.

Feb 11, 2015, 3:00 PM

Updated Aug 18, 2021, 3:39 PM

Election 2024 coverage presented by

There are now hundreds if not thousands of altcoins in existence, but litecoin is one of the oldest and biggest. Since its conception in 2011, creator Charlie Lee – also known as 'Satoshi Lite' – has become a prominent figure in the crypto space.

Besides creating a cryptocurrency with a market cap of $63.79m, Lee also leads the engineering team at Coinbase, the firm that recently raised $75m from a number of high-profile investors, including Spanish megabank BBVA and the NYSE. The company is now the best-funded business in the bitcoin ecosystem.

In my interview below, we discuss altcoin scams, Coinbase's expansion plans and why litecoin needs bitcoin to succeed.

View the full video interview below:

This video was produced by ZapChain.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Daniel Cawrey

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about