I happened to come across a TW thread by Litecoin founder (Charlie Lee) it read as follows:
"1/ The companies behind Segwit2x (Coinbase, Blockchain, Bitpay, Shapeshift, Xapo) all have business models that depend on low transaction fees. They are in the prime position (customers & funding) to help Bitcoin scale by building out layer 2 infrastructure, which reduces fees. 2/ Instead, they keep pushing for onchain scaling, which externalizes the cost to everyone else that's part of this decentralized network. I'm calling all of you out right now. Do the right thing. Implement SegWit and work on Lightning Network and other layer 2 solutions. We all want the same thing. But let's scale Bitcoin the right way without sacrificing what makes Bitcoin valuable, it's decentralization and censorship resistance. 🚀"
I have been using Shapeshift and I tend to agree that all we need is fast transactions at a low cost similar to these companies' business model. Your thoughts are welcome
