"When we were trying to activate SegWit on our network, I was renting some percent of the network hashrate to get the extra few % over the 75% threshold. But then, someone was bidding against me with uncapped bids to the point that they were spending >30 BTC per day on hashrate just to stop Segwit activation. The bidder would buy any amount of hashrate to keep it below 75%, which caused a big spike in April. So clearly someone had an interest in stopping altcoins from activating SegWit too. Assuming it was one of Jihan‘s cronies or something."
https://imgur.com/a/30ogz " says today the lead developer of VTC.
With BTC/LTC, all of the fees and rewards go to Jihan Wu. No matter what you think of him, that sounds a lot like the current system with Goldman and JP Morgan to me!
