Dr. Julian Hosp, co-founder of TenX, has made an interview with Charlie Lee, who created LTC and previously worked as former director of engineering at Coinbase. Lee launched Litecoin back in 2011, with the currency reaching its peaks last December at $375. Litecoin had been in focus lately, at the very last after the failure of LitePay has been announced. You can read our report of that here.

In the freshly conducted interview Lee has claimed that his ultimate intention is to make LTC a global decentralized cryptocurrency, however in order to achieve this vision he believes that he must ‘step away’ from LTC as its leader at some point.

“Litecoin is more centralized because I’m around, so it has a more centralized development team, has more centralized foundation. I can steer litecoin towards my vision, and people will listen to me because I created it.”

The reason for this is because BTC and LTC are ‘working close together’ by mutually reinforcing each other and since being around the project makes it more centralized, he is ready to eventually disappear to make it truly decentralized just like Satoshi did after introducing BTC. This way Litecoin could become a fully decentralized currency without a leader.

“Litecoin is more centralized because I’m around, so it has a more centralized development team, has more centralized foundation. I can steer litecoins towards my vision, and people will listen to me because I created it.” stated Lee who has already begun his separation from LTC when he announced that he has sold all of his litecoins in a previous reddit post:

LTC is currently just slightly above the yearly lowest of $125, currently being traded at $148 at the time of writing. For the full interview click here.

