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Lee brothers argue on SegWit2x

06 November 2017 21:00, UTC

Charlie Lee is famous for his creation of Litecoin, one of the most popular cryptocurrencies and third most expensive until Bitcoin Cash arrived. He absolutely does not support the future SegWit2x hard fork implementation, claiming that the further increase of blocks in the blockchain of Bitcoin is unnecessary and would benefit only corporations, not miners. He went as far as to establish an interesting agreement with Roger Ver after many debates which is better - original Bitcoin we use right now or B2X, a mutation of Bitcoin that will emerge after the protocol update.

Bobby Lee is a chief executive of BTCC, once prominent Chinese cryptocurrency exchange that has suffered after the reckless exchange ban by the local authorities. His latest statement on possible SegWit2x outcomes concerned his brother and Charlie Lee claimed on his Twitter that mining pools should not make decisions behind the backs of other market participants. The primary reason of this reaction is that Bobby Lee called the original BTC an altcoin and told that BTCC would support the cryptocurrency that will have the chain with more difficulty. Not the finest position, as many might agree, but Coinbase and BitPay think the same.

However sharp the debates might be, it did not harm the value of Bitcoin. The actual divergence of market players and cryptocurrency exchanges, however, might harm the price, as suggested by some experts.