this is the thing. yes. 3% hashpower means 466 days to DA.
but within 466 days, the amount of hashpower being burned by bip-110 supporters can realistically double.
that drops the next DA on bip-110 chain down to 234 days. that hits within the deactivation target of bip-110
after that, 59 days later. then 15 days later.
i say that it is a long campaign. people are going to burn kilowatts for their belief in bitcoin as money
on the other side, they are going to burn kilowatts for yield. once DA 1 happens, there will be hedging. assuming a doubling of hashpower cumulatively over that 234 day period. that DA will trigger defection. and the next one after that will trigger more defection.
and none of this even counts the issue that 3 blocks a day at 4mb per block. means that transactions on bip-110 chain will not lag far behind spamchain. when you consider the data size alone. spamchain will be spammed to the bejesus. bip-110 users have an incentive to spend sats on that too, it's cheaper than buying a new miner. it will hurt lightning and other custodials.
yeah this is a war alright. we are up for a 1 year campaign. that's the whole point.
if we lose bitcoin as money, we lose bitcoin. altogether.
but within 466 days, the amount of hashpower being burned by bip-110 supporters can realistically double.
that drops the next DA on bip-110 chain down to 234 days. that hits within the deactivation target of bip-110
after that, 59 days later. then 15 days later.
i say that it is a long campaign. people are going to burn kilowatts for their belief in bitcoin as money
on the other side, they are going to burn kilowatts for yield. once DA 1 happens, there will be hedging. assuming a doubling of hashpower cumulatively over that 234 day period. that DA will trigger defection. and the next one after that will trigger more defection.
and none of this even counts the issue that 3 blocks a day at 4mb per block. means that transactions on bip-110 chain will not lag far behind spamchain. when you consider the data size alone. spamchain will be spammed to the bejesus. bip-110 users have an incentive to spend sats on that too, it's cheaper than buying a new miner. it will hurt lightning and other custodials.
yeah this is a war alright. we are up for a 1 year campaign. that's the whole point.
if we lose bitcoin as money, we lose bitcoin. altogether.
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