In a YouTube interview with Julian Hosp from TenX, published a couple of days ago, Charlie Lee, creator of Litecoin and former chief of engineering at Coinbase, said that, in order for Litecoin to be truly decentralized, he may eventually need to step away.
The whole interview is just 35 minutes long and I embedded it below, if you want to watch it by yourself:
The most interesting parts, for me, are the ones in which Lee touches the leadership and vision areas of both Bitcoin and Litecoin. While saying the two assets are complementary, he also stresses the differences between them. The fact that Satoshi Nakamato is still an unknown persona allowed for a much bigger and more decentralized community to gather around the Bitcoin concept. If Litecoin would be to walk in the same footsteps, then Lee would eventually have to leave.
If you don't remember, Charlie Lee recently sold all his stack in Litecoin, citing "conflict of interests" reasons.
One notable difference between Litecoin / Bitcoin and STEEM, is that the former are PoW-based and the latter is DPoS-based. DPoS allows, in my opinion, for a larger degree of governance flexibility than PoW, and that may, eventually, increase the overall resilience of the entire ecosystem.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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