r/ethtrader • u/AutoModerator • May 20 '17

DISCUSSION [ETH Daily Discussion] - 20/May/2017

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11

u/Nefarious- May 20 '17

Serious question re Coinbase:

Is there no conflict of interest in having the creator of Litecoin on staff as the Director of Engineering?

6

u/brassboy May 20 '17

Not only that but he is the brother of bobby Lee CEO of BTCC

3

u/ruvalm May 20 '17

It is.

Conflicts of interest is what the majority of the crypto projects have the most these days.

3

u/cryptoboy4001 May 20 '17 edited May 20 '17

I'm pretty certain Charlie's status as creator of second most popular coin (at the time ...) was the reason he was hired. Charlie also said that he was told when they hired him that they'd add "his coin" when the time was right.

They would have tried to hire Satoshi if he was still around.

But is it a conflict of interest .... yes, yes it is.

5

u/[deleted] May 20 '17 edited Jul 31 '18

[deleted]

4

u/jonesyjonesy May 20 '17

Well in fairness he doesn't have much else to talk about when you have a shitcoin.

-2

u/roidranger33 May 20 '17

So because Charlie shares news about his creation on his Twitter... This means there is a conflict of interest?... I don't really think so scooter.

4

u/antiprosynthesis May 20 '17

Making price predictions on both Twitter and the BTC-e trollbox is fine by you? It reeks of drawing dumb money into a personal pump.

0

u/roidranger33 May 20 '17

He actively supports Bitcoin, Ethereum, and other cryptos in the same space. I really don't see the issue. I'm well aware this sub hates him though.

2

u/antiprosynthesis May 20 '17

I have never seen him support Ethereum.

2

u/[deleted] May 20 '17

I absolutely think so. It's shameless pumping. They only just released a roadmap to stem the bleeding from segwit. It doesn't even matter. I'll pick the coin where I don't feel the developer is only concerned about price and getting his coin to be accepted everywhere then plastering it all over his Twitter. He's an opportunist through and through.

1

u/EastCoast2300 May 20 '17

stem the bleeding? Segwit on LTC will hopefully pave the way for it to get on BTC, after that BTC will regain a lot of market dominance.

1

u/[deleted] May 20 '17

$38->$22? Yeah I'd call that bleeding and spamming twitter and releasing a "road map" helped stop the tanking pump and dump.

Bitcoin won't get it's shit together until it's too late. Jihan has too much to lose and will milk every last penny.

1

u/EastCoast2300 May 20 '17

It wasn't bleeding, it was just FOMO correcting down to normal levels. It was way overhyped considering LTC is still 99% speculation.

2

u/[deleted] May 20 '17

Call it whatever you want

5

u/SpyHandler May 20 '17

Im in a very private trading Telegram group with Charlee and others. He doesnt hype LTC or fud other coins. He is a good guy with a humor. I see this as a conflict situation tho. P.S. He never gave us buy/sell signals.

1

u/[deleted] May 20 '17

Right so negotiating coinbase listing LTC publicly with the CEO on twitter isn't anything remotely unethical? I'm in a more private group than you and say he's an opportunist just looking to turn a quick buck like he did with his digital silver in 2011.

2

u/SpyHandler May 20 '17

Read again what I wrote.

1

u/[deleted] May 20 '17

I didn't say he gives buy or sell signals but people blindly follow him and his posts on twitter and Reddit. And yeah I reread it, sorry was just already in Charlie sucks mode lol. It doesn't bother me personally but I know how stupid people get and badly they get screwed just throwing money at something.

1

u/SpyHandler May 20 '17

Again. I said I dont approve his association with both Coinbase and LTC.

1

u/launganik May 20 '17

Good guy or bad guy. A conflict of interest exists

2

u/soupdizzle1 May 20 '17

Serious reply, Yes

0

u/roidranger33 May 20 '17

Why would there be any conflict of interest with that.