On Saturday, Charlie Lee tweeted about a startup which, as per him, is really important for the industry, even though it has been around for three years now.
The Litecoin founder compares his confidence in it with the times when he joined Coinbase back in 2013. At the end of the post, Lee adds: ‘I’m an investor in Casa’.
Congrats on the hire!— Charlie Lee [LTC⚡] (@SatoshiLite) August 17, 2019
I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!
Disclosure: I'm an investor in Casa. https://t.co/Zy0a6UhRUf
Casa ‘is making Bitcoin easy to use’
Casa was founded back in 2016. This is a crypto wallet that requires user’s signatures on three devices to move funds to or from a wallet. It uses a Keymaster system for storing user keys, as well as offers running a Casa Node (a BTC and a lightning node) from home.
The firm is also developing such products as the Casa Lightning Explorer and the SATS extension for Chrome and Firefox browsers.
The community’s not taking the news warmly
The reaction the Litecoin community showed in the comment thread was far from excited. Several Twitter users recalled Charlie Lee’s selling the majority of his LTC near the ATH back in 2017 as a rebuke, saying that Casa is apparently where the profit went.
So that's where all your ltc sold cuz of conflict of interest went to, aye captain?— CryptoCookie (@Crypt0Cookie) August 17, 2019
Of course you are @SatoshiLite ... we all know you only have investments on projects with future... that’s why you dumped litecoin...— Ruben (@RubenRibeiroLTC) August 17, 2019
A few comments came from critics of Casa, who say that this company is ‘illustrative of everything wrong in the crypto space’.
With all due respects to @CasaHODL team and @lopp, Casa is illustrative of everything wrong with crypto space. $10000/yr for custody service? No support for @Ethereum due to some lame excuse (everyone knows the ideology is behind it). A business spawned in crypto insular bubble.— Last Token (@LongLastToken) August 17, 2019
Don’t hold your breath. They’re focused primarily on BTC. No clue why. It’s an untapped market that someone’s bound to capitalize on.— Anonymous (@fCktheBanks) August 17, 2019
Several users wrote that they will start using Casa wallets only when the company adds support for Litecoin.
I can't wait to buy a casa once LTC is implemented— HeyLitey🥑 🅙 (@HeyLitey) August 17, 2019