Litecoin creator calls for generosity of miners

Credit: Eivind Pedersen – Pixabay

Charlie Lee suggests that minors of litecoins donate 1% of their mining awards in order to participate in the funding of initiatives of the Litecoin foundation.

On Twitter, Lee suggested that Litecoin mining pools give 1% of the rewards (0.125 LTC) distributed by the network to the Litecoin Foundation, the main organization in charge of developing litecoin.

"I think a better way to finance development is to donate some of the rewards from the mining pools. How about if the Litecoin pools donated 1% of the rewards to the Litecoin Foundation? If every miner / pool does, that equates to a donation of around $ 1.5MM per year, " did he tweet.

Lee said that with the merged mining of Dogecoin and other Scrypt-based tokens, miners were now earning more rewards.

So 1% is a reasonable amount, ”he said.

In addition, minors might choose to send their donations to other organizations that work around litecoin, as Litecoin.com or The Lite School.

The proposal was rather badly received by certain litecoiners who criticize Lee to have sold all its LTCs at the end of 2017 as the price of the digital coin soared.

And what do you say to use the money you took by reselling your LTC at its top price, ” tweeted one of them.

In 2018, Lee justified the fact of having sold his litecoins in order to avoid a conflict of interest.

In 5 years when prices go up, I think my choice will be more obvious to a lot of investors, "he said.