Charlie Lee Twitter - Web3 Activity & Social Influence

Charlie Lee

Charlie Lee is Creator of Litecoin, ex-Director of Engineering at Coinbase. Lee created Litecoin while working at Google, where he served as a Software Engineer. He worked on YouTube, Chrome, and Play Games. Although Lee was immediately excited by cryptocurrency, he was unhappy with the early altcoins. He claimed that most didn’t offer any true differences or advantages over Bitcoin. Thus, Lee created Litecoin in 2011. Its Scrypt proof of work function was meant to keep mining distributed and fa

Officials：

Officials

Charlie Lee Ⓜ️🕸️

@SatoshiLite· 23 days ago

Here's my Coinbase lore. I first contacted Coinbase initially not about a job but, of course, to ask if they would support Litecoin. Olaf @zxocw responded and said they are Bitcoin-only for now as they have limited resources, which made a lot of sense. A few weeks later, my sister was looking for a job and I introduced her to Olaf. She wasn't super interested as she was thinking of starting her own startup. But my conversation with Olaf eventually led to him asking why don't I go in for an interview. At the time, I was working comfortably at Google, but Google had no interest in doing anything with crypto. So I decided why not. At my interview, @brian_armstrong and @FEhrsam asked me quite a few tough brain teasers and coding questions. They didn't know I could do brain teasers in my sleep. 😂 The interview quickly went from trying to test me to trying to sell me on Coinbase. It actually didn't take much to sell me. I get to work on crypto full time, working with super bright and talented people, and building a company that is trying to change the world of finance. Coinbase made me a decent offer, but the pay was a lot less than my pay at Google. I decided to negotiate for more salary instead of more stock, because I wanted Coinbase to at least match my Google salary of $150k. Not negotiating for more COIN stock was the single worst financial decision of my life! 😃 And the rest is history. Read below for Brian's interesting Coinbase lore... 👇

Charlie Lee Ⓜ️🕸️

@SatoshiLite· 24 days ago

RT @brian_armstrong: The first version of Coinbase launched with just a hot wallet - a risky proposition. We were in beta and the app prominently told people not to store any money there they couldn't afford to lose. But the amounts of deposits kept steadily rising. I realized we needed to build build a cold storage system to improve security (otherwise a single hot wallet breach would mean we were insolvent and the company would die), and called the two cryptography/security experts I knew (@zooko and @octal if memory serves) and asked them what the best architecture would be. They were super helpful and gave me a crash course, since I had never built such a system before. I asked them how long it would take to build and I remember one of them said it might take a team of ~10 people 18 months to get it all up and running and tested. The problem was we had about 8 weeks until the total deposits on the platform would exceed the total assets of the company, and only 2 engineers (including myself) to build it. We were seeing signs that hackers were already trying to break in, a true do or die moment. @satoshilite and I buckled down and set about coding the new cold storage system from scratch, and integrating it into the app. We made some reasonable trade offs but what we came up with was fundamentally secure, and a massive improvement. We even unboxed some new laptops for key generation, stored backup material across several safe deposit boxes and locations. With about a week remaining, we started the process of transferring funds over to the new system. We were both extremely sleep deprived (how mistakes happen!), and paired up to double check each others work as we sent over the first test transaction, then a bigger one, and so on until it was fully transferred. We breathed a sigh of relief and went home to sleep for about 12 hours. This was one of my proudest technical accomplishments from the early days of Coinbase: coding our v2 key storage system with 2 people in about 8 weeks, which should have taken 10 people 18 months. And it worked and served us well for years. We're now on ~v5 of key storage, and have advanced way beyond what we came up with that day. But if we hadn't gotten it out in time, Coinbase very well may not exist today. It's a great testament to how constraints breed creativity, top talent matters in startups, and teams are often capable of more than they think when there is no other option. Most products which succeed have early moments like this, where someone has to step up and make a play on the field that defies all the odds. As we face new challenges and deadlines across our many products, I always look out for who on the team is ready to step up and make the game winning play on the field.

Charlie Lee Ⓜ️🕸️

@SatoshiLite· 24 days ago

RT @LTCFoundation: Payment Processor @Coingate has Litecoin surging to become the second most preferred method of payment as of June. Solidifying its position as a leading player, after displacing the leading stable coins, with a significant market share of 14.1%!! $LTC 🔥

Charlie Lee Ⓜ️🕸️

@SatoshiLite· 30 days ago

RT @LTCFoundation: .@Fidelity is rolling out the ability for customers to enable crypto transfers in and out of their traditional accounts! Fidelity only has support for three cryptos, one of which is Litecoin $LTC ⚡️ @DigitalAssets https://t.co/HvH9fSJq6d https://t.co/Yumk8tWqmM

Charlie Lee Ⓜ️🕸️

@SatoshiLite· about 1 month ago

RT @litecoin: Litecoin Summit recap! https://t.co/IdNOyJN2ig

Charlie Lee Ⓜ️🕸️

@SatoshiLite· about 1 month ago

RT @LuxxfolioH: We are pleased to announce that Charlie Lee @SatoshiLite, the creator of Litecoin, and David Schwartz @DaddyCool1991, Director of Strategic Partnerships of the Litecoin Foundation, have joined the our Company’s Advisory Board. Like and repost to let everyone know. $LUXFF $LUXX https://t.co/O7Rjm5z5gL

Charlie Lee Ⓜ️🕸️