[buttershakes]

I couldn't agree more with this sentiment. Charlie has been the driving developer and force behind litecoin since its inception, and while he may continue to fill that role, nothing signals actual stake in the success of a project like ownership. If Satoshi dumped his coins and then said he wanted the project to succeed the price of Bitcoin would be negligible, a very clear market signal that he didn't believe in it's future prospects. It's like saying, I got mine, thanks guys.

Also, with respect to this being like a CEO taking a $1 salary. Most CEOs have massive stock and performance incentives linked with their company's success. Charlie has none.

[scoggs]

I know this is a stretch and quite a loop of a situation to jump through to make my thoughts true but could we liken his sale of his LTCs in a similar vein to a Facebook's Lead Developer deciding to deactivate their account because they spend too much time on FB being distracted when they should be working?

I know the financial ties and importance of that developer's personal use of their product is very different from LTC and it's Charlie's situation, but will 100% of people really not believe he wanted to focus where he wanted and also remove certain aspects of criticism? Is it possible that he both knew that criticism would come either way and less criticism would come from the choice to sell his LTCs away considering he knows, himself, that he will have more time and energy to improve LTC since he knows he's being honest (I assume of course)?

[buttershakes]

I totally believe that it is possible he wanted to do that. Why not sell all of his LTC at $10? Why continue to focus his time and energy on it? There is only one reason, which is that it hadn't made him enough money yet. Now that it has, the idea that he will focus substantially all of his time on it to make it even better rings pretty hollow. Maybe he will do that instead of spending his tens of millions (or more) on other pursuits. Altruism is a pretty rare quality, financial motivation has an uncanny way of actually getting things done.

[hndamien]

Of course he wanted to. The whole idea of Bitcoin was the free us from central banking. When Bitcoin was $30, this had hardly been achieved - it still is not accomplished today - but we are getting there. This was the point that Charlie Lee bought Bitcoin, and I presume it is the point when he decided to clone it. Philosophically this is a ridiculous thing to do if you believe in Bitcoin and what it was trying to achieve. This is the reason that I never have and never would buy Litecoin. Charlie's selling out only confirms what I already suspected. I hope the bag holders enjoy the whatever the ideology seems to be over there.