1/ I find it’s hilarious that people demand @SatoshiLite hold on to his litecoins, some even suggest locking his litecoins in a Trust. I’m going to explain why this is not a wise idea.
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10/ Last but not least: There are better ways to align incentives than using money.
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11/ Why was stock compensation package necessary to begin with? because modern CEOs come from the outside & are typically not the original founders, so you need an extra motivator for them. But if the CEO *is* the founder, you don’t need an extra motivator.
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12/ Elon Musk threw his own assets into the businesses he created, risking bankruptcy several times. Why? Because he believes in his missions. No stock compensation package can ever come close to that kind of intensity.
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13/ It is the same reason why Buffett prefers to keep the original founders for the businesses he acquired. He knows it’s a tall order to replace them. Passion beats money when it comes to incentives. It’s just good business.
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14/ I support
@SatoshiLite ‘s decision to sell. Without a financial stake in Litecoin, Charlie can focus 100% on the long term success of Litecoin. Nothing can hold back the chikun now!Show this thread
End of conversation
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This is the exact point why I thought the news about Charlie selling all of his LTC, as utterly irrelevant. This news is used as a weapon against LTC and also as redemption. Yet we dont know if he owned 0 or 1 000 000 or if he now owns 0 or 1 000 000.
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