Yang Zuoxing has been arrested by Chinese authorities over a legal dispute. The tech mastermind was previously a core member of Bitmain before founding his own competitor company in 2016.
Bitmain’s competitors are slowly fading as it solidifies control over the mining sphere in China. The mining giant had a rocky 2018, to say the least — but it seems that it is now getting some unplanned help from the Chinese authorities.Source news hereI don’t know which side am I on though. This tech mastermind was the one really behind Bitmain’s success before quitting and start his own rival company.
Now that MicroBT’s founder has been arrested, the future of MicroBT is at stake and Bitmain would regain full momentum.
I know here in Bitcointalk, some of you have used Bitmain and others are using MicroBT.
What would be your reactions to this one guys? I would like to hear you out. Cheers!
The way it is, they might not even have a serious thing on him but all they wanted is just to shake him and bring him to his knees. One lesson to learn from this is simple when you join an organisation, be very sure to know what you are signing in the face of the large bonuses that you are being offered because from what I can see here, there must have been a non-compete that he must have signed at some point which is what they are using against him in this case. As much as Bitmain could be powerful, they cannot go to this extent simply to harass him if they don't a tangible thing to hold on to.
