Bitcoin Forum

Litecoin Creator Charlie Lee about When Bitcoin will Enter the Mainstream

There are few people, who determined the history of cryptocurrencies and can predict the evolution of the Blockchain and projects of next generation in BitcoinCT. Charlie Lee is one of them. He is a creator of LitecoinCT who’s being involved with cryptocurrencies since 2011. As such his knowledge in the field is extensive..

Born in the Ivory Coast and grown up in the US to parents from Shanghai Charlie was among the first Chinese people to go to Africa in the 1960s. After growing up in Africa, he went to the US for his studies, and after college, he found jobs working for Google.
http://cointelegraph.com/news/115816/litecoin-creator-charlie-lee-about-when-bitcoin-will-enter-the-mainstream

Maybe, but for some reason litecoin price didn't pass 5$ after the drop from $80. Now litecoin price is 3.20$. I'm sure he knows a lot about the blockchain technology but I'm doubtful about Lees predictions.

Litecoin's only utility is being a potential way to "wash" trades into less-traceable Bitcoin transactions.

The only reason they get any attention at all is because they were one of the first alts, hoovered in a bunch of hopeful investors, and subsequently are exploring the basement for value.
Its amusing that their original intent was to "resist" ASIC developments in hashing, but then capitulated. With mis-steps like that, you have to wonder why tweaking the default settings,
such as decreasing confirm times, was really necessary - in fact, it created more problems to solve than it was worth.