Justin Sun's "secret" conversations with Charlie Lee

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The CEO of TRON and BitTorrent, Justin Sun, made it public that he was conducting, as he put it, "secret" conversations with the creator of Litecoin, Charlie Lee.

A mysterious meeting

On the 25th of January, there was a meeting in which both Justin Sun and Charlie Lee participated. TRON's CEO revealed that conversations between him and his companion regarded Bitcoin, Litecoin, the TRON project, and also some secrets which he did not reveal.

Justin Sun is famous for keeping his supporters in suspense. The tweet that he posted prompted the followers to further speculate on what was actually discussed during the meeting. Some people believe that one of the possible scenarios is establishing cooperation between Litecoin and TRON.

Charlie Lee encourages donations to develop Litecoin

It is worth noting that just a day before, Charlie Lee shared with his community an idea about financing the further Litecoin's development. In order to be able to develop the project further, he asked Litecoin miners to woluntarily donate 1%, i.e. LTC 0.125 when mining this cryptocurrency.

With a consistent transfer of this sum, the solution would provide the Litecoin Foundation with sufficient funding in the long run. The donation would be voluntary, of course. Charlie Lee made it clear that even if only a small number of miners decided to transfer their funds, the money would certainly be very well used to finance the work of developers on Litecoin Core, Mimble Wimble, LiteWallet or LN wallet.

Getting enough capital may be difficult, especially when the project strives to become decentralized. What is more, at the end of 2019, there were rumors that the Litecoin Foundation is on the verge of bankruptcy. Charlie Lee quickly denied them, however, by writing that the rumors were all lies which had little to do with the truth. He emphasized at the time as well that the project has sufficient resources to survive the next two years.

The creator of Litecoin drew attention to one more thing. Currently, thanks to the combination of LTC mining with Dogecoin and other cryptocurrencies based on the Scrypt algorithm, miners are able to work more efficiently. 1% is, therefore, a relatively small amount that could be spent on financing the public good.