Those scenarios are the reason why I still hold gold

I see your concern regarding miners switching after activation. But what is your concern about bip 110?

That doesn’t explain what bip110 actually does and how it’s a threat/attack. How/why does it reverse transaction? You guys need to do some sort of deep dive video explaining your side with some actual facts.

Core started this! with their reckless OP_RETURN policy. This is on core.

The OP_RETURN value is a user configurable setting, that has not changed. Noderunners are still free to set it at the old limit or even at 0

This is compelling. Making me rethink my running bip110. One thing that's refreshing: this note is talking about the problem rather than questioning the intention of the people. If living under a government has taught us anything it's that intentions rarely match outcomes. So it's nice that this note only talks about the problem without impugning the people. View quoted note →

But it will only reverse "invalid" (relative to BIP-110 consensus rules) tx, most likely spam, not normal tx, correct ?

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.

Thanks, you've given me place to start researching, because there are a few things that are not clear to me. Like when you mention "non monetary transactions" in a block. What does that exactly entail? Because from what I understood in your post, these transactions are keeping the UTXO spammers at bay by outbidding them. I know governments have access to the money printer, so I understand the theoretical point as to why this wouldn't stop them. Also, some argue that spam is subjective, I personally don't think that's entirely the case, I think there are things that are clearly spam to the majority of people. But anyways, at least to a knots supporter, would your statement read to them as "spam is keeping UTXO spam at bay"?

You mean if the majority of the network literally goes back tens of thousands of blocks and has enough hash power to not only get back to the same place but surpass current hash power? What faith you must have in BIP 110 being THAT compelling!

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.

The BIP 110 is NOT designed that way and you are completely dishonest. BIP 110 is designed to reduce spam on Bitcoin (which it will achive well if successful) and this is one of 4 scenarios. 4.

Issue#10: BIP-110: The Miner's Paradox

Sound money or spam database: Miners must choose what they're mining

That's bs. CAT does that not BIP110.

appreciate you, Odell 🙏 I wish we could all see some good faith adjustments from Core. I don't know enough to even know what that might look like, but it would go a long way to calm things down. From the perspective of many of us, v30 was handled so badly that it's hard not to attribute bad motives to it.

How long did it take before it became obvious who won the blocksize war?

would be way safer but they want control if you express concerns then they call you a pedo, insane

A hard fork would give total control, so it doesn’t seem like that is their main focus. Does it? Did you deny being a pedo? jk jk jk, I shouldn’t be funny with this. It’s not a funny topic and shouldn’t be thrown around lightly. Someone has to save Bitcoin. #bitcoin #savebitcoin #runknots #runbip110

You didn’t explain what was the attack vector. All you said is Luke is calling people pedos and forcing them to upgrade. And even this is not true.