/biz/ - Business & Finance

>>11526436

Thank you for a well thought out response.

Segwit was an easier way to implement Lightning Network without a hard fork. A hard fork Bitcoin Core needed in order for Blockstream to sell Liquid to the exchanges.

What we need is massive adoption in order to create enough transaction fees to fairly compensate miners. This is the only way to create sound money. We need massive adoption FAST.

LN is useful for certain applications where channels are clear and consistent. P2P money it is not.

What exactly is the core issue with Jihan? I never fully understood this. If he didn't build ASICS, someone else would have. If China didn't have cheap electronics and engineers, some other place would have more miners... We want miners to compete. Competition is what allows Bitcoin to be trusted.