BTCC CEO Bobby Lee Wants Bitcoin Community to Scale “Responsibly,” Urges “Patience”
BTCC Mining firm CEO Bobby Lee mostly urges a “wait-and-see” approach before jumping to conclusions about how the Block Size debate might turn out. “Even though there are people out there who don’t like what Core is doing, I still fundamentally think that they are a very valuable resource in the Bitcoin community, and whatever compromise we propose, that we need to involve the feedback and input from Core team,” says the BTCC CEO. He makes clear in the recent Reddit AMA that he supports the Core Bitcoin developers. “Even though there’s a lot of opposition in the industry, I fundamentally....
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The Bitcoin network is in dire need of a scaling solution and Bobby Lee urges the developer community to decide upon a network hard fork. The Bitcoin scalability debate has been going on for over a year new. Each time the topic arises, it ends in a stalemate. The Bitcoin community is currently divided between whether to use a hard fork or soft fork. While the Bitcoin Core developers are hell-bent on SegWit, not everyone in the community agrees with it. Bobby Lee, the founder of BTCC — one of the largest Bitcoin exchanges in the world has expressed his support for a hard fork. Bobby Lee in....
Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in). — Bobby Lee (@bobbyclee) February 26, 2017. Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price....
Founded in June 2011, BTC China, now BTCC, is the oldest and second largest chinese Bitcoin mining company. BTCC plays a leading role in every segment of the Bitcoin ecosystem, offering digital currency exchange, mining pool, payment processing, consumer wallets, and blockchain engraving. The diverse products and services BTCC offers allow its customers to engage in all aspects of the digital currency spectrum in one integrated platform. Headquartered in Shanghai, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and....
China is one of the major economies and a regional superpower in Asia. The vast country with the highest population in the world is also the country that tops the charts with the highest hashing power. The Chinese Bitcoin community is actively involved in Bitcoin mining operations and the Chinese mining pools are in control of the majority of overall Bitcoin mining. According to the latest data available on Blockchain.info, the top three Bitcoin mining pools are AntPool, F2Pool, and BTCC Pool. AntPool is a mining pool operated by the company known for AntMiner ASIC miners, BitMain while....
BTCC CEO Bobby Lee has forecast Bitcoin being worth between $5000 and $11,000 by 2020 after the block reward halving. In a tweet on Sunday, Lee, who has made regular predictions, stated that the daily inflow of cash into Bitcoin would also scale accordingly from the current levels of $2 mln per day to up to $10 mln. Lee added that for the “medium-term” he expects a price equal to the number of his followers - $5,600 - but did not stipulate what length of time that might refer to. His upbeat tone comes amid continued frenzied trading in China, despite the country’s Bitcoin exchanges only....