Bobby Lee Divides Reddit AMA as Talk Centers on SegWit2x
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BTCC CEO Bobby Lee’s public AMA largely focused on SegWit2x Wednesday as his position causes controversy.
Answering user queries during the recurrent Reddit Q&A session, Lee said that BTCC would potentially accept the SegWit2x chain should it receive requisite market support.
He added BTCC’s mining pool would continue mining BTC and would shortly start mining Bitcoin Cash (BCH).
“…We will support more than one chain if there’s enough user demand and if doing so makes economic sense,” he wrote responding to one user.
“BTCC supports altcoin mining. Earlier this year, we started mining Litecoins and we will start mining Bitcoin Cash soon. In the future, if the Bitcoin Core Legacy (BCL) chain survives, we will consider providing BTCC Pool support for that based on market demand.”
Lee’s more accommodating position on Bitcoin’s major hard fork echoes that taken by fellow major exchanges Coinbase and Xapo. Others, however, have come out firmly in support of Bitcoin Core, including mining pools originally signed up to Barry Silbert’s New York Agreement, the precursor to SegWit2x.
“The upcoming SegWit2x feature is an upgrade to Bitcoin, and yes, there is a change in consensus rules this time,” he continued in another response.
“Per Bitcoin rules, Bitcoin will continue to be the chain that has the most accumulated hashing power and produces the longest valid Blockchain.”
Lee had previously caused contention elsewhere with his personal 2x outlook, with his brother, Litecoin creator Charlie Lee, taking him to task over the issue on Twitter.
Extremely lame @bobbyclee. Bitcoin (BTC) is not an altcoin. I have explained to you multiple times that miners don’t decide consensus. SMH ?
— Charlie Lee [NO2X] (@SatoshiLite) November 2, 2017
Meanwhile, the AMA also included speculation as to the future of exchanges in China. Lee’s BTCChina formally closed down last month.
Discussing rumors Chinese exchanges may reopen at a future point, Lee remained downbeat. He wrote:
“I’ve also heard those rumors, but from what I can see here on the ground, there are no plans for Bitcoin exchanges to reopen in China.”