BitPay CEO: The future of the Bitcoin network is determined by users, and we support user-activated soft forks (UASF)

Stephen Pair, CEO of BitPay, a Bitcoin payment service provider known as the "PayPal" of Bitcoin, has expressed the company's position on the issue of Bitcoin scaling - supporting the "User Activated Soft Fork (UASF)".

During an appearance on "Let's Talk Bitcoin" last week, Pair said the future of the bitcoin network should be "determined by its users."

He told host Adam B. Levine and co-host Andreas Antonopoulos:

“I think the most important thing about Bitcoin is its users; I really like the idea of ​​a user-activated soft fork,”

“At a high level, what we’re saying is ‘We want to build user consensus on new rules to be implemented on the Bitcoin network,’ and users are expressing their wishes in one form or another.

Before Pair expressed his support for the USAF, other prominent figures in the Bitcoin community also supported the concept.

Former BTCC COO Yongquan Liao announced the winner of a private coding competition involving a “secure” UASF this week, with the winner, Shaolinfry, taking home nearly 6 BTC.

Additionally, the conversation turned to a so-called super UASF that could ostensibly be implemented without making major changes to current networks.

Meanwhile, Pair said that as miner fees continue to rise sharply, off-chain payments have taken the top spot at Bitpay, and he also said that there will be some “exciting things” coming in this area.