Post
Topic
Board Speculation
Re: CSW's "hash wars" impact on BTC price?
by
1Referee
on 14/11/2018, 16:59:40 UTC
he will not do it, in the last day I hears rumors that he had been removed from leading the bitmain, today I read this news:

Bitcoin Mining Firm Bitmain Confirms Board Shakeup, Denies Jihan Wu is Out as Chair

this shows that there are internal problems in Bitmain

It's just a smokescreen attempt to make him appear less relevant because of their IPO filling. Bitmain's extreme bias towards BCash might turn out to be a problem, and then mainly Jihan with how he is the public face of Bitmain, and this could very well be a convenient way to tackle any potential doubts on the side of the regulators.

Don't forget that Jihan has to ask for board approval to use Bitmain resources to stock up on BCash, and that approval was given to him more than once if you look at their accumulation history. In other words, this is just standard media circus.