Stirling Forge18d agoI think the "temporary" nature of #BIP110 is actually it's what leads to the reasoning of @ODELL that it has potential for being used to "threaten a reorg" later.
The rejoining of the chains later does actually just seems like more risk than reward and threatens history of the main chain in the case of the BIP failing.
I'm running #BIP110 right now because it's directionally correct and majority support of the BIP would be better than it failing completely. But if someone makes a BIP-110 version that is not "temporary" I will run this, as I view it much safer for bitcoin, because it can either succeed or fail gracefully.
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Replies (16)
Alan18d agoThis only reinforces ODELLs stance. The idea that it would be temporary is laughable. It's already starting 😂
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Stirling Forge18d agoWell I'm literally saying that. I don't like the temporary nature of it, it does leave it open to interpretation as an attack. But Odell's stance is stupid overall. Core went full tyranny and needs to revert changes at a minimum, should fire Peter Todd also.
The BIP shouldn't be temporary at all, though. The changes are good for bitcoin in the BIP. The temporary nature is threatening the safety of the change, IMO.
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Cykros17d agoThe temporary part isn't why a reorg is threatened. A reorg is threatened because if in August 110 has 30% hash power and then in December it surges to 60+% hash power, you're looking at a potential for 3+ months of transactions to be reorged out when the 110 chain potentially becomes the heaviest chain. What is known as a flippening.
If you thought CSAM had the potential to kill Bitcoin, see what happens when the presumption of transaction immutability goes out the window.
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kc17d agoThat would be a good concern, but it would be impossible.
I got schooled on this by MarkErhardt. He says the only time there would be a chance of anything happening is in the mandatory signaling period. So about 2 weeks of a slight chance of anything happening.
The chance of that is very very low. Either there is enough hash behind the bip and it gets activated, or there is not enough hash and the code doesn’t kick in. There is no person to flip a switch on the magic date. It is written in code so that every one knows what is going on. All of this back and forth is written correctly, but interpreted wrong by most of us.
If it goes ahead then it goes ahead with majority of the network behind it so all is good and reorg, or chain split… blah blah blah is incorrect. Just ask chatgpt.
with all of that said
#runbip110
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HHide&Seek16d ago
If it weren't temporary it would kill all chances of ever scaling bitcoin 🤔
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