related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
Litecoin Fund Lacking Funding and Considering Various Support Options developers.
On January 25, Charlie Lee tweeted:
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
I think the best financing optiondevelopment will be the voluntary donations of miners. Miners can give the fund a small portion of their block reward. How about Litecoin mining pools donate 1% (0.125 LTC) of our fund's rewards?
This proposal provoked a lot of criticism.among community members. Some commentators suggested that Charlie Lee should pay for the work of his employees, “using the money received during the sales of LTC at the peak of the price.”
It is worth noting that after the halving, the reward for mining the Litecoin block fell to 12.5 LTC, which forced many miners to switch to mining other currencies.
At the end of 2019, rumors about the bankruptcy of the Litecoin Foundation appeared. On October 13, Lee tweeted:
Do not listen to stupid alarmists and liars. We have enough money to hold out for at least 2 years.