Bitmain’s Actions Go Against Bitcoin Movement & Philosophy

​Marek Palatinus, better known to the cryptocurrency community as Slush, has said that Bitmain’s recent actions regarding the proposal of a user-activated hard fork (UAHF) strictly go against the philosophy of bitcoin users and community.

On June 14, Bitmain, the world’s largest bitcoin mining equipment provider and the parent company of Antpool, published a blog post entitled “UAHF: A contingency plan against UASF (BIP 148) as a response to the Bitcoin Core development team’s majority rejection of Barry Silbert and Digital Currency Group-led New York Agreement participated by 57 other companies that represent approximately 83 percent of bitcoin’s hashrate.

The group of 58 companies including DCG proposed the activation of the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) by September at an 80 percent activation threshold and execute a hard fork six months thereafter to increase the bitcoin block size to 2MB.