Lee: Bitcoin is a savings account, while Litecoin is for checking
Charlie Lee · 951 How He Created LiteCoin, the Silver to Bitcoin Gold · Mar 2, 2018 · at 5:43
Litecoin creator Charlie Lee shares an analogy for the complementary roles of Bitcoin and Litecoin.
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“Another analogy that people can think of is Bitcoin would be your savings account, and Litecoin would be your checking account. So you would keep for long-term store of value, Bitcoin is definitely well, arguably better, and Litecoin is better for a day-to-day use.”
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