BIP-110 did not activate. The miners did not signal. Knut Svanholm wrote an honest retrospective landing on two explanations: capture, or insufficient economic weight.
Samson Mow read it and mostly agreed on the diagnosis, then made a claim I think is wrong: that nodes cannot and should not be able to influence the network.
A node that rejects an invalid block is influence. It’s the only kind that doesn’t need permission. Mempool policy failed because it depends on convention and buy-in. The supply cap has never been tested that way, because everyone already knows how that fight ends.
This piece works through where Mow is right (soft signals are cheap, that’s why thresholds are 95%), where the UASF/SegWit precedent complicates his “iatrogenic” charge, and a succession problem with Knots and Ocean that I don’t think anyone’s naming yet.
https://paulweaver34.substack.com/p/the-load-bearing-layer
Samson Mow read it and mostly agreed on the diagnosis, then made a claim I think is wrong: that nodes cannot and should not be able to influence the network.
A node that rejects an invalid block is influence. It’s the only kind that doesn’t need permission. Mempool policy failed because it depends on convention and buy-in. The supply cap has never been tested that way, because everyone already knows how that fight ends.
This piece works through where Mow is right (soft signals are cheap, that’s why thresholds are 95%), where the UASF/SegWit precedent complicates his “iatrogenic” charge, and a succession problem with Knots and Ocean that I don’t think anyone’s naming yet.
https://paulweaver34.substack.com/p/the-load-bearing-layer
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