14 With Litecoin's Charlie Lee
Play • 41 min
Legend Charlie Lee, founder of Litecoin, joins hosts Steven McClurg and C.J. Wilson on the podcast this week to talk about Bitcoin and Litecoin. Lee shares his story about starting out in the crypto space by buying bitcoin at an ATH of $30 before it dipped to $2. Even after this dip, he bought more, explaining that the community didn’t lose faith. He tells the hosts that back in the day, he used to buy bitcoin by meeting up with a stranger at a Starbucks or McDonalds with cash. However, he would wait there for the transaction to confirm which was around 10 minutes, but sometimes it would take up to an hour. He also shares that he’s done cash-bitcoin transactions in bank lobbies and at the steps of police stations, where it felt like a drug transaction. “For certain people who aren’t very technical, being on an exchange is safer,” Lee advises, “For people who are more technical, I would recommend they handle it themselves. For those who can’t do it themselves, I recommend…
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