Damus
epsql · 2w
I honestly don't understand why after BIP110's failure everyone seems to have woken up to what I think is quite an obvious thing: - nodes without hashpower have a lot of power to resist changes - nod...
Excommunicado profile picture
How can you say miners had no incentive to signal bip 110 ๐Ÿ˜‚. The incentives were very clear. Mine for a decentralised Bitcoin chain with reduced attack vectors to support the sound money project or mine for a state chain that can do whatever it wants with it thanks to controllable 3rd parties influence Bitcoin was meant to eliminate. Miners don't want Bitcoin without controllable 3rd parties so they chose latter.
3
epsql · 1w
> Mine for a decentralised Bitcoin chain with reduced attack vectors to support the sound money project Miner incentives == more fees in the short to medium term I don't think miners are ideologically motivated
Hanshan · 1w
If you think miners are going to make decisions based on ideology and not economics youre gonna have a hard time.