Guo Hongcai publicly supports BU. His personal email account was attacked and he called on miners to express their views as soon as possible.

On March 21, Guo Hongcai, a well-known miner and angel investor in the community, tweeted that he supports Bitcoin Unlimited's expansion plan and called on more people to support BU.

I've made the jump to Bitcoin Unlimited today. Come join us, come to Bitcoin Unlimited.

Afterwards, Guo Hongcai's mailbox was attacked by a large number of spam emails. He said, "After posting on Twitter, all the email attacks came from overseas mailboxes. It's not just me who received them. Bitcoin.com has also been attacked by emails. This is a common thing and it is understandable."

Bitmain founder Jihan Wu posted a Weibo comment on the attack:

“After Erbao announced his support for BU, his personal email was immediately attacked. Speech censorship and terrorist acts are a complete betrayal of Bitcoin’s tradition of freedom and openness, and pose a huge threat to the development prospects of Bitcoin.”

Guo Hongcai: Stand at ease and follow BU

Guo Hongcai's support for BU has attracted much attention from the community, and some media even believe that the mining pool in which Guo Hongcai participates will also support BU, which means that the computing power supporting BU will increase by another 1%. Previously, after Antpool, a mining pool under Bitmain, announced its support for BU, according to coin.dance, the support rate for BU and isolated verification has changed significantly.

Guo Hongcai clarified this statement to Babbitt. He said,

“I only represent my own position, not EXX and BW. As a shareholder of these two mining pools, I cannot make decisions on behalf of the CEO. Supporting BU is just my personal attitude, and I will try my best to convince them. Stand at ease and follow BU!”

At the same time, he called on more miners and mining pools to express their views as soon as possible: "Miners, mining pools, and exchanges do not need to panic, and they should all stand up and express their views. I think expressing your views late is the same as not expressing your views at all. In the end, expressing your views can only be a follower, which is not a wise choice. More than half of the mining pools in the industry have not expressed their views. There are many opinions supporting capacity expansion, but most of them are waiting and watching. At present, supporting BU means capacity expansion."

Is capacity expansion imperative?

Why choose to support BU? Guo Hongcai told Babbitt, "I think current capacity expansion is imperative."

Guo Hongcai believes that not expanding the capacity is not conducive to the development of Bitcoin. He showed a screenshot:

The above chart shows that the market capitalization of all competing coins in the total digital currency market capitalization is rising rapidly, while the market capitalization of Bitcoin in the total digital currency market capitalization is decreasing. The gap between the two is gradually widening.

Guo Hongcai said,

"On the surface, what we see now is that the price of Bitcoin has not fallen, and it is still maintained at 7,000 to 8,000 RMB. But in fact, the scale of the entire digital currency is expanding, but the proportion of Bitcoin is plummeting. Why? Because many new users see that there are many uncertainties in Bitcoin after entering. For example, the expansion is still being debated. Will Bitcoin become two currencies? At the same time, the transfer speed of Bitcoin is very slow and the fees are very high. The situation of competing coins is another story. Emerging digital currencies such as ETH, Zcash, DASH, etc. are booming, so everyone has turned to new currencies."

Although this statement only represents his personal opinion, Guo Hongcai still called on miners to switch their computing power to mining pools that support BU. "Bitcoin.com's mining pool adopts the PPS model, and miners have a 110% return, which is higher than all domestic mining pools. Miners who support BU are welcome to switch."

Currently, the mining pools that have publicly announced support for BU include Viabtc, Antpool, Bitcoin.com, BTC.top, Canoe, GBminers, and Slush.