Damus

Recent Notes

Daniel Tapa · 3w
but why wouldn't the same effect happen to the other chain when hashrate turns minority there?
ODELL · 3w
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...
₿itcoin Serbia 🇷🇸 ⚡🚀 profile picture
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 to BIP-110 chain due to higher profitability, price of that coin could continue to rise together with block rewards, creating positive feedback loop.
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Daniel Tapa · 3w
how can "minority hash" and "hashrate migration" be both good for BIP-110 at the same time?
Jameson Lopp · 3w
If you truly detest me as a shitcoiner then the logical decision would be to take my money by winning a trustless fork futures contract with me. Imagine how much shitcoinery you will save Bitcoin from by putting that BTC into pure hands! You'll be a hero!
Jameson Lopp · 3w
Hey Knotzi, any chance you're willing to put your money where your mouth is? nostr:nevent1qqsvegvp0kw8c7c70yptgnuurl2uqhmshj0uzzkc3m84uufemqpqf5qprpmhxue69uhkummnw3ezumr0wpczuum0vd5kzmp0qgs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpsrqsqqqqqpl7rkms
₿itcoin Makueni 🇰🇪 · 3w
True
rieger_san · 3w
🙄🙄🙄
21seasons · 3w
What's the problem with uncapping OP_RETURN? It does not change anything related to what's valid tx and what is not, it does not change block size, and you still have to pay for the block space 🤔
₿itcoin Serbia 🇷🇸 ⚡🚀 profile picture
The fact that something is "within consensus" doesn't mean that it can't change Bitcoin fundamentals for the worse. FAFO-ing with mempool policy can also have terrible long-term consequences just like FAFO-ing with consensus can. That's why I think that this is perhaps the most important lesson we can learn from this war.

Gaslighting like "but it doesn't change consensus, what's all the fuss about?" simply doesn't hold water.
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rieger_san · 3w
Sure it does! The change has nothing changed! Everything was possible before