Li Qiyuan's talk about SegWit2x caused huge controversy, and the founder of "Latiao" refuted that BTC is not a competing currency

On Wednesday, BTCC CEO Bobby Lee discussed his views on the SegWit2x fork in a public AMA, and his stance sparked debate.

In response to questions from netizens, Li Qiyuan said that if the SegWit2x chain gains enough market support, BTCC may accept this new chain.

He also added that BTCC’s mining pool will continue to mine BTC and will soon support the mining of Bitcoin Cash (BCH).

“We will support multiple blockchains if there is sufficient user demand and if it makes economic sense to do so,” he wrote in a reply to one of the netizens.

“BTCC supports altcoin mining. Earlier this year, we started mining Litecoin, and soon, we will also start mining Bitcoin Cash. In the future, if the Bitcoin Core legacy chain (BCL) still exists, we will consider providing BTCC mining pool support based on market demand .”

Some of Lee’s other views broadly echo those of major exchange Coinable and wallet provider Xapo.

“The upcoming SegWit2x is an upgrade for Bitcoin, and yes, this time it will result in some changes in the consensus rules,” he mentioned in another reply.

“Based on the rules of Bitcoin, the chain with the most cumulative hashrate and producing the longest valid chain will continue to enjoy the title of Bitcoin.”

Interestingly, Lee Qiyuan had an argument with his brother, Litecoin founder Charlie Lee, because of his personal views on 2x. Charlie Lee mentioned on Twitter:

“@bobbyclee, your point is unconvincing, Bitcoin (BTC) is not an altcoin. I have explained to you many times that miners do not determine consensus. SMH (shakes head, expressing disappointment)”

https://twitter.com/bhec39/status/925941647392821248…
2:02 PM – Nov 2, 2017

At the same time, this AMA event was held at a time when Chinese Bitcoin exchanges were completely withdrawing from China. Regarding the possibility of Bitcoin returning to China as rumored recently, Li Qiyuan was still not optimistic. He wrote:

“I have heard these rumors, but from what I have observed so far, Bitcoin exchanges have no plans to return to China.