my biggest fear is of bip110 threat the hashrate or creating a new hardfork splitting the community, bip110 is still a minority;
but the main point I didn't get is why is it temporarly just for one year instead of being permanent or something more persistent? after one year, all that will go back to normal pre-bip110
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BIP110's temporary Band-Aid exposes bitcoin's governance farce, controlled by VISA-backed Blockstream and Rockefeller-funded oligarchs.
Because it actually has a chance of activation if it's temporary. I don't think anyone could write a URSF that is similarly temporary (or enshrining large OP_RETURNs and OP_IF/OP_NOTIF)
this won't be lasting only for "one year"
given current difficulty and generously assuming hashrate of the whole ocean pool (~3% of current hashrate):
- bip chain will mine 1 block every ~5.5 hours (btw if we take current signalling it is ~1 block per day)
- the "one year" period is measured in blocks: 52416 blocks
- diff adjustments will happen every 2016 blocks = ~466 days (for first adjustment and it will require multiple adjustments to achieve 10 minutes block interval)
- this will lead to a ~2.5 years period until 52416 blocks have passed
* assuming constant hashpower of 3%. bip miners have to keep up mining through the first adjustment periods
