Behind the Creation of Litecoin

Published on
June 22nd, 2019
Duration
44 minutes

Behind the Creation of Litecoin

The Interview ·
Featuring Charlie Lee and Michael Green

Published on: June 22nd, 2019 • Duration: 44 minutes

Charlie Lee, inventor of Litecoin, sits down with Michael Green of Thiel Macro to discuss his background, the creation of Litecoin, and cryptocurrencies’ place in the future of the world financial system. Lee shares his thoughts on both the practical and technical challenges to widespread adoption - specifically ease of use, scaling solutions, and government interaction. Finally, Lee and Green talk about the growing potential for bitcoin to replace fiat currency or gold. Filmed on November 1, 2018 at the World Crypto Conference in Las Vegas.

Comments

Transcript

  • GF
    Guangle F.
    3 July 2019 @ 03:52
    feel like he has no idea of why gov control money
  • Kv
    Kristian v.
    25 June 2019 @ 03:05
    Fantastic line of questioning by Mike Green. Somewhat unsatisfying answers by Charlie Lee. Can Real Vision please get Mike to interview one of the preeminent thought leaders in the Bitcoin space with this same line of questioning. Perhaps Andreas Antonopoulos. That would be amazing to watch.
  • LK
    Lisa K.
    24 June 2019 @ 23:29
    Mike Green brings up good point about taxing cryptocurrency. You either tax it when you buy it or when you sell it. A wealth tax ie on the total amount just won't work since the price varies so much, and account holders can just off load their account instantly to an off line network storage. To spur fast adoption of crypto would be to tax it at the point of purchase. To have a regulatory mess would be to tax at time of spend. Which in theory is now, and thus no widespread adoption.
  • DB
    David B.
    24 June 2019 @ 19:41
    Much respect for Michael, he has provided us with some amazing interviews. I don't think it's appropriate to hate on Charlie. He understands the amazing potential for crypto. Just because Charlie does not accept the arguments that world governments must stop or heavily regulate crypto currencies in order to maintain power and control over money, does not make him a buffoon. Michael has been skeptical of crypto from the start. Charlie has been all-in since 2011 and is likely many times richer as a result. Crypto represents a tidal wave hitting the beaches of finance and governments are ill advised to stand in the way. As for investors / speculators, you can not find a space that has more asymmetric potential. Risk manage by the size of your position. Whether it is 1%, 2%, 5%...it is clearly worth have some part of my net worth invested here given the potential upside.
  • SA
    Stephen A.
    24 June 2019 @ 19:08
    Mike Green is showing to the fight with a nuclear bomb, Charlie Lee with a plastic knife. This is simply hilarious, Charlie couldn't even comprehend the questions he was being asked. Look, Charlie saw early on that bitcoin transactions would eventually slow down a lot once the space go crowded and would require a lot of electricity so he made the first improvements to the core bitcoin code base so that reasonably fast transactions can be ensured. That's about it. Obviously since that Litecoin creation the field has exploded. Charlie obviously is very rich for what he has done with Litecoin and I think Litecoin's original purpose as a backup to Bitcoin is a valid use case. But please don't ask him questions about what money is. He is still stuck on gold and silver coins. It's kind of ironic - super smart crypto coder guy, but he is a total amateur when it comes to money. What a world. If you don't understand the connection between the ability to print money, government debt and the ability to field an army which protects the territory over which that money is accepted, just quit talking and go read a book about Abraham Lincoln and Samuel Chase.
  • ZY
    ZHENG Y.
    24 June 2019 @ 01:26
    I thought all video is previewed by both parties about the topic...or maybe RV could give guest option if they want to preview and better prepare. Anyway, this is how on-demand interview is, we cant expect all guest speak idea like Raul or others... At least he make his point straight...
    • EN
      Eric N.
      6 July 2019 @ 11:18
      Other guests seem to manage quite well.
  • AJ
    Aditya J.
    23 June 2019 @ 21:55
    Mike Green tried very hard to have a meaningful conversation with Charlie Lee. Unfortunately, Charlie was total unprepared. It is clear that he has not given any thought on these topics. Overall, a frustrating experience. Charlie needs to learn about all these aspects about crypto to be able to hold his own and come across as a credibe source of informtion and thought on this topic. He seems to be only paying attention to the technical side of things.
  • MP
    Matias P.
    23 June 2019 @ 14:43
    This interview was one of the worst seen on RV for two reasons: - Mike Green doesn’t seem to understand crypto or bitcoin well and takes an anti-crypto position without having a deep understanding - charlie lee seems to be winging the interview
    • SC
      Sean C.
      25 June 2019 @ 20:23
      Does he have "an anti-crypto position" because he asks the difficult questions that few if any in the crypto space can answer well?
  • TR
    Travis R.
    23 June 2019 @ 08:11
    RV please interview Roger Ver.
  • OC
    O C.
    23 June 2019 @ 01:38
    please add captioning to these videos. Some watching may be hearing impaired and need captioning assistance. Thanks.
    • M.
      Milton .. | Founder
      23 June 2019 @ 07:25
      We’re on it - if you’re watching in the apps, it’s coming soon. Captions work well in the browser if you want to try it out.
  • CM
    Carl M.
    23 June 2019 @ 00:27
    The interview reminded me of skit from an episode of “the Benny Hill Show” were he is trying , unsuccessfully to extract more than a one word answer from the pipe smoking guest. Absolutely excruciating at times. Mike’s outstretched arms begging for a more elaborate dialogue. All kidding aside there was some good takeaways from the last few minutes. Mike , as always, stellar.
  • RK
    Robert K.
    23 June 2019 @ 00:02
    Dude thinks he is fighting Gold :) That's mother naturer's Bitcoin bro. Works also without Wi-Fi and even shepards in the mongolian desert recognize it.
  • ID
    Igor D.
    22 June 2019 @ 17:24
    Charlie is really winging it here, huh?
    • RS
      R S.
      22 June 2019 @ 17:36
      Pitiful
  • CH
    Craig H.
    22 June 2019 @ 17:14
    Charlie Lee doesn't disappoint... a brilliant and genuine man that is working to make the world a better place. Looking forward to the follow up interview as Digital Gold continues to gain adoption.
  • CB
    C B.
    22 June 2019 @ 16:53
    Coinbase, today, is rubbish. This claim is supported by reviews and personal experiences. If it survives longer term they may hire competent customer service which is an analog to the decades long view that Lee is holding for potential adoption.
  • AG
    Alex G.
    22 June 2019 @ 15:09
    Ooph .. MG punching a little above Mr. Lee's weight. Definitely an expert in tech .. not in policy.
  • JM
    James M.
    22 June 2019 @ 14:38
    IMO Mike green is by far one of the best people working at RV and an incredibly switched on guy. Charlie Lee seems to struggle to understand the questions and possible problems facing crypto. Clearly, the guy is an intelligent mathematician and maybe just struggles to articulate his responses. As a speculator in this space, a lot of my punts go on the individuals running the protocol and setting it up as i,m not like most a mathematician. You compare Lee to say a guy like Charles Hoskinson and you would conclude logically imo to punt on Cardano over LTC. Or maybe Charles is just a great salesman? Who knows!!!
  • KL
    Kim L.
    22 June 2019 @ 12:26
    Thanks RealVision for interviewing Charlie Lee. Very rare to see founders sit down for an hour and thoughtfully talk about the crypto space.
  • SS
    Steve S.
    22 June 2019 @ 11:44
    Can't wait for the day Mike Green interviews Satoshi Nakamoto
    • MP
      Máté P.
      22 June 2019 @ 22:56
      I'd rather watch Green interviewed by Satoshi
  • SR
    Steve R.
    22 June 2019 @ 09:37
    Charlie's arguments and answers are extremely weak, especially on the legal, taxation, and ownership aspects discussed. He didn't even really understand Michael's questions a lot of the time and comes across as very naive. He didn't have any answers to the government control issue either- funny, none of them never do. He clearly needs to spend more time out in the real world and less time stuck in front of a laptop. Having watched all the crypto interviews this week, I personally found them mostly very disappointing. This was one great opportunity completely missed by the 'believers' and adopters to explain why crypto is the future. But the arguments are all very unconvincing, dodging the big important questions. Maybe crypto is the next big thing, maybe its not, but if it is its clearly got a very long way to go yet. Not going to hold my breath on this one. All IMHO of course. PS: Gold breaking higher alongside Bitcoin - I know which one I'd rather own.
    • LJ
      Liam J.
      22 June 2019 @ 18:30
      I'm a firm believer in cryptocurrencies but except the interview from Kyle bass. I also found most of them very dissapointing. I honestly even think i would be able to articulate and give better answers than what most of the cryptointerviewees were giving, so yeah pretty dissapointing
  • SS
    Shanthi S.
    22 June 2019 @ 08:05
    I enjoyed this a lot. Michael and Charlie are brilliant. Just my opinion, but perhaps having the last section/question first would have improved the structure of the interview a little. I’ve really enjoyed RV’s Crypto Week, but feel it could have focussed more on the potential of decentralised currencies, dapps, dexs, censorship resistance, privacy and the other reasons BTC came into existence over ten years ago. These are relevant to anyone interested in freedom, economics and prosperity, and are sadly more relevant today than they were ten years ago. There’ll be no truly free markets as long as there isn’t a free market in money.
    • HC
      Howard C.
      22 June 2019 @ 08:40
      Agree with Shanthi 100%, hope to see Charlie back on RV. As the crypto journey continues I hope and request that segments be dedicated to discussing the characteristics of the different crypto- and other coins such as zcash, Ripple, etc, with the aim of identifying the coins that are likely to be around in 10 years. For example, just this past week Moneygram and Ripple announced a working relationship for cross-border transfers that will reduce the costs for a $300 transfer from $30 to .03 cents. Disruptive if it works in real life. And it would benefit all publics if the banks would adopt Ripple(XRP) as it pains me to send a $1000 telegraphic transfer(TT) via a bank and pay up to $45 for privilege of using these services, even when I execute the unassisted TT from my own computer. The selective enforcement of AML laws, using SWIFT as a club, FACTA non-sense that prevents some nationalities from opening accounts overseas, etc, means that the average Joe needs a system outside of the nation-state structure.
  • MV
    Max V.
    22 June 2019 @ 06:38
    Stating the obvious: Background noise... Feel sorry for Charlie.
  • PB
    Pieter B.
    22 June 2019 @ 05:43
    I really enjoyed this! Thanks a lot!