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So Dashjr’s picking Bitcoin’s new mining algorithm with a Testnet4 dice roll today.

Quick catch up. BIP-110 needed 55% of miners signaling for it. Got 2.56%. Two blocks mined on the fork and then it just stalled out.

So now the move is a proof of work change. Watch Testnet4, grab the next block hash, last character picks the algorithm off a list nobody agreed on til this morning.

One of the Knots guys said the reason for ditching SHA256d is to fire the miners, not because it’s broken.

We watched this movie in 2017. Different fight, same instinct. Small group decides the majority’s the problem and hard forks their way out. Ended in Bcash last time.

Watching this one play out live today.

Luke Dashjr @Luke Dashjr · 1w

So here's the plan for selecting Bitcoin's new PoW algorithm: Nobody knows the new algorithm right now, and nobody will until we all know at the same moment. At 14:00 UTC August 11th, we will begin watching Bitcoin's Testnet4 chain for new blocks. The very next block found, lo Show more

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Libertas Primordium · 1w

I'm not ideologically against anybody forking the code for any reason. That's freedom. Their logic however is baffling. They're not 'firing' the miners by doing this. The miners are going to keep hashing SHA256 on the same network. Their fork doesn't erase the original. Random selection of a hashing...

This is exciting. This is my first fork (won't be the last). It's been an entertaining ride.

syntaxerrs · 1w

Consensus is weak with this one.

Thanks for the tldr. What’s the likely path for this going forward?

The cool part is the list is weighted using like logic. No doubt he has some washboards set up to take advantage of the weighting. Scammers be scamming.

MIM = madness in motion.

Fiat Free · 1d

nostr:nprofile1qys8wumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2tcpy4mhxue69uhk6ctnw3hkgmmw9e3kcmm4vshkzurf9amrztmnw3ex2ctdd9hxwqpq4hq5lgadtyy9dhvtszq46dnl0s0xwdddqr7e32rdqqhma8a4xhssfgurah What would you have done to stop illegal content from ending up on your node?