Bitsquare CEO Michael Lee said the Binghamons university will not be participating in Bitcoin Core.
“The Binghamtons decision will be a disappointment to the Bitcoin community,” Lee told CoinDesk.
Bitmain said it will take a more focused approach to supporting the Bitcoin ecosystem.
“This decision is a win for the Bitcoin world,” Lee said.
Lee told the news outlet that Binghamts decision would likely come down to BCLC being too large.
“We will be more focused on supporting Bitcoin in the long term,” he said.
“They have said that they’re looking at other opportunities.
I think it’s really important for us to look at those opportunities and what we can do to help build the Bitcoin future.”
Lee said Bitmain will be hiring more people to help develop the BCLCs core, but that the company plans to focus on “supporting the Bitcoin network.”
The decision came in the wake of the Bhattas announcement, which was reported by Bloomberg.
“I was looking at how we could help build Bitcoin’s ecosystem, and this was the first opportunity to see how much it could support Bitcoin,” Bhatta said at the time.
“And, the Bhams decision will put the Bitcoin Core community at a disadvantage.”
The Bhattamans decision came after the Bensons announcement, according to Bloomberg.
In May, the Bitcoin Foundation announced the creation of a new group dedicated to “exploring, developing, and protecting Bitcoin.”
A Bham group member wrote in a blog post on May 31 that he was pleased to see Bitmain join the group.
“Bitmain is a global leader in the Bitcoin industry, and the company has a great track record in this space,” he wrote.
“Its been my privilege to work closely with them over the past few years.
They have been a great addition to the group, and they have already proven that their expertise can be utilized in the ecosystem.”
Bitmain’s move into Bitcoin core follows other moves by major companies to support the Bitcoin space.
Last month, Amazon CEO Jeff Bezos announced his plans to establish a Bitcoin mining lab in his Seattle home.
At the time, Bezos said the lab would “help create the largest open-source, global-scale Bitcoin mining community in the world.”
Amazon CEO’s decision to create a Bitcoin lab comes after other major tech companies such as Apple, Facebook, Google, and Amazon announced they were creating Bitcoin mining labs.
Earlier this month, PayPal CEO Brian Harrison announced he was developing a Bitcoin payment processor and will build the company’s own mining facility.