Charlie Lee (computer scientist)

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Charles Lee
Born
Ivory Coast
EducationBS and MS, computer science, Massachusetts Institute of Technology, 2000
WebsiteCharlie Lee on Twitter

Charles Lee is a computer scientist, best known as the creator of Litecoin. He serves as the managing director of the Litecoin Foundation.[1][2] As of July 2013, he also works for Coinbase.[3]

Early life[edit]

Lee was born in Ivory Coast, moved to the United States at the age of 13, and graduated from high school in 1995.[4] He graduated from the Massachusetts Institute of Technology with bachelor's and master's degrees in computer science in 2000.[4]

Lee's brother, Bobby Lee, is the founder of cryptocurrency exchange BTC China.[5]

Career[edit]

For a decade in the 2000s, Lee worked for Google. His work for the company included writing code for Chrome OS.[3] In 2011, Lee became interested in Bitcoin.[6] In October 2011, he released Litecoin on Bitcointalk.[7] He had written the blockchain technology based on the Bitcoin in his spare time while employed at Google. He released Litecoin to the public after mining only 150 coins.[3] Lee has stated that he did not intend to compete with Bitcoin but meant Litecoin to be used for smaller transactions.[6]

In July 2013, Lee left Google and began working at Coinbase, before the cryptocurrency exchange adopted the coin he had created.[3]

In December 2017, Lee announced on Reddit that he sold almost all of his Litecoin holdings due to a perceived conflict of interest. He had been criticized for his tweets, which had a possible effect on the price of the coin.[8] Lee sold or donated all of his coins except for a few minted in physical form which he kept as collectibles.[9]

Lee is currently working full-time with the Litecoin Foundation on Litecoin adoption. [10]

References[edit]

  1. ^ Williams-Grut, Oscar (April 28, 2018). "The founder of litecoin said selling his entire stake 'feels like it's not the right decision'". Business Insider. Retrieved May 23, 2018.
  2. ^ "About Us". Litecoin Foundation. Retrieved May 26, 2018.
  3. ^ a b c d Robert, McMillan (August 30, 2013). "Ex-Googler Gives the World a Better Bitcoin". Wired. Retrieved May 9, 2018.
  4. ^ a b Reiff, Nathan (May 7, 2018). "Who Is Charlie Lee, Litecoin Founder?". Investopedia. Retrieved May 9, 2018.
  5. ^ Hill, Kashmir (2013-11-08). "From Walmart To Bitcoin: The CEO Behind The Chinese Exchange Sending BTC To New Highs". Forbes. Retrieved 2013-11-08.
  6. ^ a b Shen, Lucinda (December 12, 2017). "What Is Litecoin, and Why Is It Beating Bitcoin This Year?". Fortune. Retrieved May 26, 2018.
  7. ^ Hill, Kashmir (January 13, 2014). "A $100 Worth Of Litecoin A Year Ago Is Worth $30,000 Today". Forbes. Retrieved May 26, 2018.
  8. ^ Russell, Jon (December 20, 2017). "Litecoin founder Charlie Lee has sold all of his LTC – TechCrunch". Techcrunch. Retrieved May 23, 2018.
  9. ^ Browne, Ryan (December 20, 2017). "Litecoin founder Charlie Lee says he's sold all his holdings in the cryptocurrency". CNBC. Retrieved May 23, 2018.
  10. ^ @SatoshiLite (7 February 2015). "I'm working on Litecoin full-time and focused on Litecoin adoption" (Tweet) – via Twitter.