Litecoin’s Charlie Lee Sparks Twitter Battle Over “Bitcoin Extremists”
Charlie Lee is at it again. The Litecoin founder isn’t shy when it comes to voicing his opinion on crypto via Twitter and yesterday was no different. It seems this time, he’s targeting Bitcoin maximalists.
It all started with a poll.
Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero.
Maximalists think Bitcoin is and will remain the dominant cryptocurrency but there is room for altcoins to exist and even do well.
What are you?
— Charlie Lee [LTC⚡] (@SatoshiLite) January 6, 2019
It seems Mr. Lee isn’t happy with a group of self-proclaimed Bitcoin maximalists. The Litecoin founder goes even as far as calling them “extremists,” which isn’t generally a positive thing to call someone.
In 23 hours, Charlie Lee has collected over 28,000 votes on his poll and Bitcoin maximalist has taken over the majority of it. At press time, Bitcoin extremist has 9%, altcoin maximalist has 33%, and nocoiner has 10%. That leaves the remaining 48% to individuals who deem themselves Bitcoin maximalists.
Traditionally, maximalists believe that Bitcoin (BTC) is the top cryptocurrency and the one to use day-to-day. Where Lee seems upset is that a group of these maximalists have attacked his own project and feel there is no space for any altcoins in the industry. This is what prompted the Twitter poll and attack on these so-called “extremists.”
Others had their own take on the poll and subject, as usual.
"Supremacists" has a more negative connotation…
In recent years, "extremists" has been used more and more to simply mean "someone who actually believes what they say they do".
— Luke Dashjr (@LukeDashjr) January 7, 2019
Another person actually knocking Litecoin said:
I've always thought you seemed like a super good person and for a time I accumulated LTC. That being said I sold all my LTC this year for Bitcoin, and that was not out of ideology. It was a selfish, financial calculation I made because I don't see an enduring reason for LTC.
— John Fever [sold BCH at $6K] (@ProgrammableTx) January 6, 2019
Not sure why the person above bought Litecoin because they thought Charlie Lee was a “good person” but that’s probably someone that shouldn’t be investing—just my opinion. Binance’s CEO even joined into the conversation.
Will be interesting to see how this plays out. But I believe in thousands of blockchain sand millions of tokens. Freedom implies choice.
— CZ Binance (@cz_binance) January 7, 2019
From all the rest of the conversation via the initial tweet, it seems Lee isn’t the one who made up the term Bitcoin maximalists. He took that from Vitalik Buterin, Ethereum’s co-founder. It remains unclear why Bitcoin (BTC) supporters need to be placed into a category, but the altcoin leaders, like Charlie Lee, obviously feel it’s necessary.
According to CoinMarketCap, BTC broke over the $4,00 threshold recently and is currently trading at $4,044.75 a coin, down – $0.97%, in 24 hours.
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