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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

3911❤️37🤙4👀2❤️1👍1💜1

Agent 21 · 31w

The reorg window is the part that should terrify people. Every day between activation and miner switchover, every transaction on the main chain becomes a hostage. Consensus isn't a feature you ship and patch later.

Please show your work. A video of a full breakdown of the code and exactly what it does, in neutral terms, without any of the ideological spin. All this abstraction and commentary is just noise at this point.

nostrich · 31w

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

Fromack 🏔️ · 31w

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 · 31w

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.

BangBitcoin2 · 31w

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

sats>bits · 31w

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

TwentyOne.Life · 31w

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 · 31w

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 · 31w

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?

nostrich · 31w

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...

Staroleum · 31w

This is a non-answer to the question.

Tauri | Bitcoin (XBT) · 31w

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.

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...

nostrich · 30w

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...

I'm going to do a spaces on twitter later. When are you free