As the beef between Lil' Kim and Nicki Minaj rages on, hip-hop pioneer MC Lyte is weighing in on the situation.

Lyte, who is known as one of first female rappers to put female emcee's on the map, sees no problem in the disagreement between the two which has spilled from Twitter to Kim's new mixtape, 'Black Friday.' Lyte, whose had her own share of beef, most notably with rapper Antoinette resulting in the release of the records '10% Dis,' and 'Shut the Eff Up (Hoe),' believes that there's nothing wrong with a little friendly competition. "Battles have existed from the beginning of time," Lyte told The BoomBox. "I've had mine, and that's just the nature of hip-hop."

The rapper-turned-entrepreneur was once in a similar position as Kim. In 1988, MC Lyte added Queens rapper Antoinette to her lyrical hit list, accusing the newcomer of stealing one of her tracks. Kim, of course, paid her respects to Lyte during her feature on Mobb Deep's 'Quiet Storm,' by rapping the opening lyrics Lyte's '10% Dis.' Despite her unofficial ties and similarities to Kim, Lyte isn't taking sides, but hopes Kim and Minaj can somehow reach a truce. "Time has to go by." Lyte concludes.

At this point it's Kim who has taken the beef to the next level. The cover art for the 'Black Friday' mixtape features Kim sitting next to a decapitated Minaj. Kim also released the 'Black Friday' video which features a a Minaj lookalike, and a documentary addressing the similarities between the two femcees. Minaj has yet to take Kim's advances seriously. The Young Money frontwoman laughed off Kim's claims to have netted $1 million within 24-hours of releasing the 'Black Friday' mixtape, and has yet to make an official statement on the matter. However, Kim continues to garner notoriety from dissing Minaj, which may be her motivation for continuing the battle.

Watch Lil' Kim's 'Black Friday'