RATE Group | Litecoin [LTC] creator Charlie Lee says Bitcoin [BTC] transactions are not peer-to-peer …
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Litecoin [LTC] creator Charlie Lee says Bitcoin [BTC] transactions are not peer-to-peer …

05 Oct Litecoin [LTC] creator Charlie Lee says Bitcoin [BTC] transactions are not peer-to-peer …

Posted at 20:41h in Bitcoin News by

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Recently, the CEO of Bitcoin.com, Roger Ver and Charlie Lee, the creator of Litecoin [LTC] debated on various aspects of Bitcoin [BTC].

Roger Ver started the discussion by stating that Bitcoin [BTC] no longer possessed the characteristic of a peer-peer electronic cash system. He said:

“In fact many of the BTC proponents are hostile to the idea of using it as cash… they say buying coffee with Bitcoin is stupid. “

Charlie Lee responded by stating:

“They say buying coffee with Bitcoin on chain is stupid…People are working on Lightning network to help Bitcoin scale to the second layer solutions. So it’s still Bitcoin, right. So they’re not hostile.”

Lee stated that the lightning network is a peer-to-peer electronic cash system. The Founder claimed that it was more peer-to-peer in comparison to Bitcoin’s on-chain payment transactions. He further stated that with the lightning network, people were connecting in a network, and the transactions…

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