Q Well, again, though, what influenced you early on when you were still at YouTube to say, yeah, it's, it's time to do this. You, you saw at that time kind of transaction fees going up and that's really what drove you?
A Um, What drove me, I actually created Litecoin just for fun, kind of just wanted to play around with it, um, but I've kind of suspected all along that Bitcoin, there won't be just one cryptocurrency, um, that Bitcoin, it's a, um, kind of inevitable that the fees will go up, because in order to stay, uh, decentralized, Uh, Bitcoin has to kind of err on the side of being, um, decentralized, having smaller blocks and having higher fees than to go to other kind of the other route, which is to have large blocks, but having it more centralized. So if Bitcoin wants, it's kind of like you have to choose as the block rewards go down, you can't have the cake and eat it too. Initially people were Um, were spoiled, where fees were low, transactions were fast, blocks were empty, and Bitcoin kind of satisfied both needs, and that's because of the block rewards. The block rewards were something that were, the miners were getting for free, kind of, and that will reduce over time. Initially it was 50 bitcoins per block, and now it's only 12.5 bitcoins per block.
AI assessment note: “What drove me, I actually created Litecoin just for fun”