Lol Luke you can thumbs down facts all you like. You might be Pope but that don't make you able to flip a 1 into a 0.

Honestly it's not that it does too much. It's that it doesn't solve anything. At all.

And yea, it COULD have negative downsides. I actually don't think there'd be much.

But when it accomplishes nothing why risk any?

Both can cause chainsplits.

No. When it fails it's still a soft fork. A soft fork that caused a chain split.

Soft forks restrict rules. Hard forks open them up.

They're doing a soft fork. But it's a minority soft fork and they're right now getting less than 1% of blocks per signaling period.

If they get 51% of the hashrate they can pull Bitcoin along with their 'upgrade.'

Otherwise their chain splits off because they throw away the blocks in the heaviest chain due to the rules of their BIP.

Some do seem to not recognize this is how soft forks work believing that only hard forks cause chainsplits. So indeed some will be quite surprised.

Others just believe that miners will have an 11th hour capitulation to avoid having blocks thrown out. But as far as I can tell miners couldn't care less about these non-merchant (aka non-economic) nodes.

Yep. Even Saylor's been tweeting about how ineffective this approach is in his Saylor sort of way.

Rough when the paper bitcoin guy understands the p2pp network better than the 'node running maxis.'

I think the terminology makes people feel more badass than they should for running an executable though.

In 2011, I didn't 'run a node.' I downloaded this new thing called Bitcoin and ran it. Literally easier than a bittorrent client.

Idk how I started following you but it was probably late 2024.

Also, you post regularly -- a lot of people don't, or only reply.

Sometimes all it takes to be famous is to be there early for something that grows and doesn't fail. Especially when it's organic networking rather than algorithmic.

You can watch the failure fairly well through this dashboard as it approaches: https://bip110.rip

BIP-110 mandatory signalling block height hits in the early morning. And is expected to cause a lot of very loud people to suddenly find out that they're no longer Bitcoiners.

Oh, and I got a house and paid for a wedding and raised a teenager in the meantime. Don't think I'd have done most of that as readily had I been more thoroughly orange pilled earlier.

No regrets. I'm sure retirement will still go fine at this rate. And I'm not sure I quite wanted to be nobility anyway, even if Svetski did write a really good book.

I sadly spent 2014-2017 more focused on work and 2018-mid 2024 learning my way around the monetary system.

All valuable stuff of course but it meant what was left of my 2013 Bitcoin did get a bit lonely. And getting new sat friends for it now takes a LOT more than it did back then...

It does mean I got to mostly experience all those ups and downs without quite so much of a pit in my stomach and now am quite content to let it ride with every marginal dollar I save though.

Did you have to post this within 24 hours of the Ordinals team announcing they updated to be able to work in a BIP-110 way? 🤣

Though 1% might be generous odds to give them.