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If the chinese miners adopted the fork, then everyone would follow them because they are the consensus. That's why he tried so hard to convince them. The ligh
by bduerst 10y ago
If the chinese miners adopted the fork, then everyone would follow them because they are the consensus. That's why he tried so hard to convince them.
The lightning network (or any other private side chain) are not a solution because it still requires the bitcoin network to verify, which means they can't scale for users.
Example: It takes minutes for a side chain to process 20 million transactions for just 2 people, but it takes over a month for a side chain to process just 2 transactions for 20 million people.