Founder of Litecoin, Charlie Lee, tweeted Friday that he will no longer be working for Coinbase. He is leaving the company to focus on his brainchild creation, Litecoin. This news comes as a welcome surprise to the Litecoin community, who are entering into a new stage of maturation, as they recently elected to activate segregated witness.
Why?
Charlie Lee has already said that Litecoin doesn't need any development. If he's not going to be developing, then what is he going to be "working" so hard on and how will his not developing Litecoin take it to the moon?
P.S. Then again, in this market anything can happen. Dogecoin is up 18x since the beginning of the year, so nobody seems to care about fundamentals at the moment.