I just read something interesting that Charlie Lee, the founder of Litecoin, just brought up about how the crypto market has evolved over these years.

Basically, Lee is saying that the fair launch model that was key for Litecoin to take off back in 2011 no longer makes sense in the current context. And he has a point. If you look at the landscape today, almost everything is backed by significant venture capital. Projects come with pre-mined tokens, substantial funding from day one, and secured listings. It's a stark contrast to how Litecoin was designed: without pre-mining, without the founders taking unfair profits.

What Charlie Lee criticizes is precisely that: this trend of VC-backed projects has completely changed the equation. Previously, the idea was that cryptocurrencies would be fair money for everyone. Now it seems that fairness has been lost along the way, buried under funding rounds and preferential distributions.

Looking at LTC's numbers right now, things are different. It’s trading at $56.24 with a market capitalization of $4.34 billion. It has gained 3.10% over the past seven days, although over the last year it has retreated 28.09%. It’s not the best performance, but the point Charlie Lee raises about the original philosophy remains valid, regardless of how the price moves.