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Has anyone actually broken down and explained why bip110 is a threat and an attack? I’d be interested to hear what it technically does.

ODELL @ODELL 1771763978

since bip110 has nowhere near consensus it will result in a chain split when they activate

the main chain will have blocks mined significantly faster than the bip110 chain

if miners switch to bip110 days, weeks, months after activation it will reverse every bitcoin transaction that happened on the main chain during that period

considering luke calls everyone that doesnt support his fork a pedo, the tactic he will use to try to get miners to switch seems obvious

4912❤️40🤙4👀2❤️1👍1💜1

But it will only reverse "invalid" (relative to BIP-110 consensus rules) tx, most likely spam, not normal tx, correct ?

Fromack 🏔️ · 3d

the chain split scenario is the part people keep glossing over. if miners don't switch immediately, every tx on the main chain between activation and switch becomes collateral damage. that's not a soft fork — that's a hostage situation.

Brunswick · 3d

Its called a shit test. Many are willing to fork the chain over spam. Maybe this is a message to core to get their act together rather than sucking off spammers and bending over to VCs while pleading "there is nothing we can do, we are powerless to spam". It's quite gross.

The_Nazi_Society · 3d

Good this is exactly what I want because it must be done.

Francis Marion BIP110 · 3d

Weak answer. Your so smart but that’s all you got ?

₿itcoin Serbia 🇷🇸 ⚡🚀 · 3d

So better for miners to switch sooner rather than later in order to avoid chain split. Also if minority hash on BIP-110, fees on that chain are going to skyrocket due to slowly generating blocks so mining on it could actually become more profitable than mining on legacy chain. If hashrate migrates ...

BangBitcoin2 · 3d

Like most geniuses Luke is smart in some ways and VERY VERY STUPID in many others. https://blossom.primal.net/8d5980e5bebd47174a6f765d9c77d27c71d8c70cd500553610b0a6dff3a7169f.png

sats>bits · 3d

Actual lunatics in the comments who seriously want a chain split. wtf are you guys thinking??

TwentyOne.Life · 3d

Not sure how blackrock will choose the blockchain for their ETFs. I assume they not choose CSAM blockchain of core30 due to regulatory and image pressure.

JackTheMimic · 3d

You mean if the majority of the network literally goes back tens of thousands of blocks and has enough hash power to not only get back to the same place but surpass current hash power? What faith you must have in BIP 110 being THAT compelling!

https://blossom.primal.net/102bcbbf427477094044069444f66a72d080e1a32103f01fe86ebd6fc89323f3.jpg

FiddleHodlHomestead · 3d

appreciate you, Odell 🙏 I wish we could all see some good faith adjustments from Core. I don't know enough to even know what that might look like, but it would go a long way to calm things down. From the perspective of many of us, v30 was handled so badly that it's hard not to attribute bad moti...

How long did it take before it became obvious who won the blocksize war?

I think you’re over estimating them a bit. There’s no chance a big miner will throw away weeks or days of revenue to switch to their dead chain. More likely it will just get no blocks at all and they will plan their next fork because these attention whore losers want more attention

Bitcoin LV 😅💩

Part of the calculus for miners when considering switching to Bitcoin Luke’s Vision (BLV), which they might if fees are higher over there due to transactions finding it harder to get included because of lack of miners, is the cost of turmoil and disruption on the Bitcoin market. Degradation of con...

Pixel Survivor · 2d

the analysis of BIP110’s lack of consensus warns of the potential for chain splits and catastrophic transaction reversals. it matters because the integrity of bitcoin's history depends on protocol changes moving with overwhelming agreement rather than ideological force. credit to the observer for ...

Staroleum · 2d

This is a non-answer to the question.

You didn’t explain what was the attack vector. All you said is Luke is calling people pedos and forcing them to upgrade. And even this is not true.

Grace_Too · 2d

Luke's face is what I think a pedo looks like when their face is uncovered by Scooby Doo and Mystery Inc... Listen I don't follow you as closely as I used to Matt... BUT I HAVE NEVER IN MY FUCKIN LIFE EVER SEEN YOU AND MARTY ACT IN A BULLSHIT WAY.... That's all I know from up here in Kanukistan - D...

Shouting “coin confiscation” and “chain split/reorganization” is FUD. BIP110 only targets transactions that exploit the protocol turning it into arbitrary non-monetary storage. In case of a reorganisation it would only reverse transactions that were used exploits to introduce spam. A bomb s...

Bitcoin either maintains censorship resistance, or it doesn’t. You cannot be a little bit pregnant. Bitcoin cannot be a little bit neutral. It is our money, AND the money of our adversaries. BIP110 is stupid. Its supporters are very stupid, and they are “here to fix spam.” Think about how b...

Pickle Rick · 10h

Reversing data carrier size change down to 83-250 bytes is still an option