Charlie Lee

I definitely don't have the largest holding.

I know quite a few people who have more Litecoin than me.

Well, I created Litecoin, but I didn't pre-mine coins.

I didn't create coins for myself.

I had to mine the Litecoins or buy the Litecoins off exchange just like anyone else.

But then...

I obviously believe in it more than a lot of other people because I created it.

So I was there in the beginning, right in the beginning, obviously.

So I had a chance to buy a lot of Litecoins at a lower price.

No, not.

It's quite different, actually, because Litecoin and Bitcoin, the coins are created by mining.

So when I launched it, there were zero Litecoins out there.

You had to actually spend computational resources to mine a coin.

So that costs money, right?

So whoever's mining it is paying electricity costs.

Even today, you're paying electricity costs to mine Bitcoin and Litecoin.

So they're paying electricity costs to mine Litecoin.

And then there's a market that forms to decide how much a Litecoin is worth.

um so like i don't control any of that right so i can if it's if i think that like when it's undervalued i would buy some right if i think it's over value i might sell something just like any other trader or investor now you create the mathematical equation though that determines how much is available correct yeah it actually follows a schedule that is uh very pretty much identical to bitcoin because i didn't want to change what

I know is not broken.