Litecoin creator Charlie Lee recently sat down with CoinDesk to cover a wide range of topics, including the 10 year anniversary of Litecoin.
One of the things they talked about was his thoughts on Dogecoin. It didn’t take him long to tell the panel that he is a ‘Big Fan of Dogecoin’.
His experience with Dogecoin goes way back to 2014 when Dogecoin merged its mining with Litecoin, at the suggestion of Lee to the Doge community.
“Well, back years ago, I suggested to the community to merge mine Dogecoin with Litecoin because they were running into security problems where they could easily get 51 percent attack and the community eventually took up the offer. Right now Litecoin and Dogecoin are mined together.
Dogecoin gets pretty much all the security that Litecoin provides, which is great. Dogecoin‘s security is really high which is great.“
Lee was asked why he is such a fan of the coin.
“I think Dogecoin brings in a lot of new people into the space, as we saw recently. It’s just such a cute coin that people just gravitate towards and people learn about Dogecoin, buy some Dogecoin, and even mine some.
You saw like Elon Musk mine some dogecoin with his kid and he would learn about cryptocurrency that way. And then once they get used to it because cryptocurrency can be such a scary thing for most people to get into. Those kinds of things make it fun for people to get into it.”
Litecoin is the eighth largest coin by market cap at over 11 billion dollars. Lee is currently managing director of the Litecoin Foundation in Los Angeles.