The Founder of Litecoin Says He No Longer Owns Any Litecoin

“[W]henever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence,” Lee, who was also an early engineering hire for crypto trading platform Coinbase, wrote on r/litecoin. “For this reason, in the past days, I have sold and donated all my LTC.”
While an unencumbered founder may generate trust and goodwill in the short term, the question remains if Lee knows something Litecoin speculators don’t. Even the person (or people) who operated under the alias of Satoshi Nakamoto did not sell, donate, or delete their stake in Bitcoin before disappearing. Nor would it be an easy task to find a startup founder (an imperfect analogy to be sure) that did not have some level of investment in their own product. Lee notes in the same Reddit post that, “when Litecoin succeeds, I will still be rewarded in lots of different ways, just not directly via ownership of coins.”

Source: The Founder of Litecoin Says He No Longer Owns Any Litecoin

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