Damus
Frank Corva · 3w
I’ve recently opened my mind to BIP 110 for the sake of trying to hear where supporters for it are coming from, as I believe many of them care about Bitcoin as much as I do. I get some of the argum...
Tauri BIP110 profile picture
This vid is a good explainer of your question. To me as a BIP110 supporter a hard fork PoW change is a non-starter. At the same time if BIP-110 fails I firmly believe Bitcoin as we know it is over and it’s probably not coming back. You can’t have perfect money if your blocks are 40% non-monetary junk that competes with the monetary usecase. Bitcoin then becomes like silver is to gold and it will be demonetised in not too long.

https://youtu.be/jVHM4iytiJk
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Des Imoto マキシ · 3w
Imho, if #Bip110 fails, there will be a hard fork to the original rule-set. And maybe that’s a good thing. #Bitcoin will go underground again a bit more for a while, used as intended.
Frank Corva · 3w
Thanks. I’ve had someone share that with me. I don’t agree with the framing at all and I find the argument disingenuous.
Kyma Fi · 3w
Same. I’d sell everything and would disconnect my node. Not going to support free data storage and the possibility of illicit trash being stored on BTC. I went all in on bitcoin because it was decentralized, and secure… if BIP110 fails then so does my thesis of it as money. Not going to happen...
unSATiated · 3w
Please help me understand why you and nostr:nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4sppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshscy566r are so optimistic about #bip110 succeeding. If the majority of miners and nodes just ignore it, as the curre...