Has anyone actually broken down and explained why bip110 is a threat and an attack?
I’d be interested to hear what it technically does.
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HIS ONLY DEFENSE I'VE HEARD IS, "LOOK AT WHAT VC AND OTHER PARASITES ARE DOING (ITS WAY WORSE THAN WHAT I'M DOING)"
ZERO CREDIBILITY LEFT, HE IS PART OF THE PROBLEM
Retarded game theory? Is bitcoin not doing what it is supposed to?
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 days, weeks, months after activation it will reverse every bitcoin transaction that happened on the main chain during that period
considering luke calls everyone that doesnt support his fork a pedo, the tactic he will use to try to get miners to switch seems obvious
Core started this! with their reckless OP_RETURN policy. This is on core.
But it will only reverse "invalid" (relative to BIP-110 consensus rules) tx, most likely spam, not normal tx, correct ?
No
No, that is not what will happen. All mined blocks become invalid. So all transactions in them become unmined. Unless they happen to be mined in the other chain too.
Perfect time for a a large double spend...
Even considering an approach that might cause a reorg is hostile to bitcoin and bitcoiners.
That's not how that works. Nothing gets "unmined" The scenario ODELL is trying to describe is if no one supports BIP110 that chain stops because of so many invalid transactions on the main chain then miners switch completely to BIP110 and mine literally tens of thousands of blocks faster than everyone else can mine a single block on the main chain.
I hope I don't have to describe how improbable that outcome is.
Bip 110 would have the effect of putting spam into the UTXO set, harming node decentralisation, and the strict relay policy of Knots would centralise mining by encouraging miners to use out-of-band systems. It's an attack on all the important aspects of decentralisation, including Luke's desperate attempt to make himself the lead developer
This debate ended in early 2024 when, in response to Mara's Slipstream, the bitcoin network (without asking permission from Core or Knots) relaxed relay policy in order to defend mining decentralisation