<story><title>Litecoin price, tweets, and conflict of interest</title><url>https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/</url></story><parent_chain><item><author>steve_taylor</author><text>A CEO of a publicly listed company doesn&amp;#x27;t liquidate all their shares because there might be a perceived conflict of interest. That would signal disbelief at the top and send the share price tumbling. Similarly, I struggle to see how the founder of Litecoin believes that Litecoin could be the future of money when he liquidates all his LTC. And I don&amp;#x27;t see any upside to LTC&amp;#x27;s market share after he publicly declares that he is no longer invested in Litecoin.</text></item></parent_chain><comment><author>buttershakes</author><text>I couldn&amp;#x27;t agree more with this sentiment. Charlie has been the driving developer and force behind litecoin since its inception, and while he may continue to fill that role, nothing signals actual stake in the success of a project like ownership. If Satoshi dumped his coins and then said he wanted the project to succeed the price of Bitcoin would be negligible, a very clear market signal that he didn&amp;#x27;t believe in it&amp;#x27;s future prospects. It&amp;#x27;s like saying, I got mine, thanks guys.&lt;p&gt;Also, with respect to this being like a CEO taking a $1 salary. Most CEOs have massive stock and performance incentives linked with their company&amp;#x27;s success. Charlie has none.</text></comment>
<story><title>Litecoin price, tweets, and conflict of interest</title><url>https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/</url></story><parent_chain><item><author>steve_taylor</author><text>A CEO of a publicly listed company doesn&amp;#x27;t liquidate all their shares because there might be a perceived conflict of interest. That would signal disbelief at the top and send the share price tumbling. Similarly, I struggle to see how the founder of Litecoin believes that Litecoin could be the future of money when he liquidates all his LTC. And I don&amp;#x27;t see any upside to LTC&amp;#x27;s market share after he publicly declares that he is no longer invested in Litecoin.</text></item></parent_chain><comment><author>mephitix</author><text>I&amp;#x27;m also struggling to understand this, but I guess the only way I can is by thinking of this as a CEO who decided to take a $1 salary + decided not to take any stock awards, but still wants to work at their company because they truly believe in the products they build, without any cash. The difference though from CEOs like Steve Jobs of course is the lack of equity. In this case it&amp;#x27;s like the founder of Litecoin is saying &amp;quot;I want Litecoin to evolve in a decentralized and organic way. It is meant to evolve without a singular influence, including myself&amp;quot;.&lt;p&gt;Cryptocurrencies are (supposed to be) decentralized so having a large stake&amp;#x2F;hash power&amp;#x2F;etc. probably goes against that philosophy.</text></comment>