Charlie Lee, the creator of Litecoin, recently sat down for an interview at the Satoshi Roundtable Dubai 2023 in Abu Dhabi, Dubai with DeFiance Media.
During the discussion, Lee shared his insights on litecoin, his background in computer software, and the exciting projects that the Litecoin foundation is working on. Watch the interview here:
One of the highlights of the interview was the project called MWEB. MWEB uses a technology called mimble wimble that adds better fungibility to Litecoin. Currently, fungibility is lacking from Bitcoin, where the history of each coin is attached to it. This has become more evident with the recent Bitcoin Ordinals popularity and tracking of satoshis.
Fungibility is important because it is a crucial characteristic of money that allows each unit to be interchangeable, for example, a dollar bill is fungible. By making Litecoin more fungible, unlike Bitcoin today, Litecoin is now a better form of money.
Charlie also briefly talked about his upbringing. He was born in the Ivory Coast (Côte d'Ivoire) in west Africa. While living there he was given an Apple II GS computer at a young age and became interested in programming.
He later moved to the United States and went to MIT to study computer engineering.
After graduating from college and while working at Google, he went on to create Litecoin, which has since become one of the most popular cryptocurrencies.
In the interview, Charlie Lee also emphasized the importance of being knowledgeable about a topic before attempting to change it. He advised people to spend time learning about the history and intricacies of cryptocurrencies, including reading books, listening to podcasts, and watching videos. He also highlighted his ability to remain unemotional in the face of challenges as a crucial factor in his success.
Overall, Charlie Lee's interview offers insight into the goals and achievements of the Litecoin Foundation, as well as the importance of fungibility with Litecoin making it the best form of money.