Stirling Forge on nostr

I think the "temporary" nature of #BIP110 is actually it's what leads to the reasoning of @ODELL that it has potential for being used to "threaten a reorg" later.

The rejoining of the chains later does actually just seems like more risk than reward and threatens history of the main chain in the case of the BIP failing.

I'm running #BIP110 right now because it's directionally correct and majority support of the BIP would be better than it failing completely. But if someone makes a BIP-110 version that is not "temporary" I will run this, as I view it much safer for bitcoin, because it can either succeed or fail gracefully.

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nostrich · 26w

The temporary aproach of BIP 110 is very humble and smart approach. It gives us the opportunity to analyze the BIP, it gives us time to consider all different use cases and if something can be improved - improve it and the make it permament. There is no risk for BIP 110 being temporary because it i...

nostrich · 26w

Also here you can see BIP 110 in action. nostr:nevent1qqswk6ej5ym3h0hwrtxzk7djs8lcma86ttvca78dz6c86z28c90khpcppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qgcwaehxw309aex2mrp0yhxvmm4de6xz6tw9enx6tc70lytf

Cykros · 26w

The temporary part isn't why a reorg is threatened. A reorg is threatened because if in August 110 has 30% hash power and then in December it surges to 60+% hash power, you're looking at a potential for 3+ months of transactions to be reorged out when the 110 chain potentially becomes the heaviest c...

kc · 26w

That would be a good concern, but it would be impossible. I got schooled on this by MarkErhardt. He says the only time there would be a chance of anything happening is in the mandatory signaling period. So about 2 weeks of a slight chance of anything happening. The chance of that is very very low...

Hide&Seek · 26w

If it weren't temporary it would kill all chances of ever scaling bitcoin 🤔