[buttershakes]

I totally believe that it is possible he wanted to do that. Why not sell all of his LTC at $10? Why continue to focus his time and energy on it? There is only one reason, which is that it hadn't made him enough money yet. Now that it has, the idea that he will focus substantially all of his time on it to make it even better rings pretty hollow. Maybe he will do that instead of spending his tens of millions (or more) on other pursuits. Altruism is a pretty rare quality, financial motivation has an uncanny way of actually getting things done.

[hndamien]

Of course he wanted to. The whole idea of Bitcoin was the free us from central banking. When Bitcoin was $30, this had hardly been achieved - it still is not accomplished today - but we are getting there. This was the point that Charlie Lee bought Bitcoin, and I presume it is the point when he decided to clone it. Philosophically this is a ridiculous thing to do if you believe in Bitcoin and what it was trying to achieve. This is the reason that I never have and never would buy Litecoin. Charlie's selling out only confirms what I already suspected. I hope the bag holders enjoy the whatever the ideology seems to be over there.