BTCC Shutting down and the Charlie Lee connection

[marcelchuo]

We have all seen BTCC (one of China's biggest exchanges) shutting down by September 30th.
https://www.coindesk.com/btcc-to-cease- ... -continue/

I am really concerned about the timing and motivation of BTCC's announcement. BTCC was not one of the exchanges that received a decease letter from the Chinese gov't. Granted they have been violating the gov't rules with ICO's, but why would they shutdown before any official instructions from the gov't?

Next, Charlie Lee is also the brother of Bobby Lee, a.k.a the CEO of BTCC. It stands to reason that Charlie's "anonymous" news source that exchanges would be banned in China that he tweeted (it has been deleted) was likely to be Bobby.

I'm slightly weary of Charlie. He keeps advocating Litecoin as the "silver to Bitcoin's gold" and encourages people to use bitcoin as a store of value and not to transact because of higher fees. Instead he advocates Litecoin because it is cheaper and faster. However, bitcoin's value is derived largely from it's use as an incredible from of value transfer without the need to trust a bank. That and Charlie is a core supporter that is responsible for btc full blocks and slow confirmation times.

I can't seem to figure everything out, it just seems there is a lot more going on than what we see on the surface.

[OneChain]

Dang, charlie lee tried to warn us. We just had to listen. This guy is alright.

"Granted they have been violating the gov't rules with ICO's, but why would they shutdown before any official instructions from the gov't?"

^^^
Profit from shorting and buying low?

[marcelchuo]

Right so if you believe that they shorted it then they spread fud to make money

My deal is like Charlie makes litecoin to be like bitcoins but with more coins and larger blocks, then he implements segwit on it also. But why is he on the core side of smaller blocks if he made litecoin to have larger block sizes than bitcoin.