Damus
Tauri BIP110 · 3w
Because miners have nothing to lose by activating it and much to lose if they try to ignore it. It’s a classic prisoner’s dilemma type situation. Plus they can lose up to 13% fee revenue from user...
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Regarding the "nothing to lose" part: wouldn't they be wasting resources mining only BIP110 compliant blocks and ignoring invalid ones, when the majority of miners will mine the BIP110-invalid blocks, and form a longer chain, as validated by the majority of nodes?

1
Tauri BIP110 · 3w
As I said, it’s a classic prisoner’s dilemma. If say 10% of the global hash pivots to BIP-110 tomorrow, there’s a 99% chance the rest will pivot immediately after. Currently there’s no penalty for doing this which is why only the ideological miners signal at this point. This will change in e...