Note: Jiang Zhuo’er released an op-ed to refute the words that Bitcoin might split like Ethereum. He said in the end the market will determine the fate of minority chain.
TL;DR
1. The minority fork of BTC needs to burn 200 million Yuan to survive.
2. The mining industry has the motive, determination and ability to kill the minority fork.
3. If necessary, the mining industry will adopt a more moderate transition method.
4. Change POW = ostrich policy, change the POS algorithm = Taiwan to give up the seats in the United Nations.
5. Essentially the market, not the mining industry, decides to kill the minority fork.
http://news.8btc.com/op-edwhy-bitcoin-wont-hardfork-like-ethereum
