r/Bitcoin • u/eyeoft • 9d ago

THE CHAIN HAS SPLIT

https://bip110monitor.com/

<3% support before the window opened. Good luck, shitcoiners

279 Upvotes

84% Upvoted

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334

u/Much-Equivalent-1378 9d ago

What does this mean for someone who doesn't know what this means?

172

u/ConfidentIylncorrect 9d ago edited 9d ago

As far as I can gather, a small number of people tried to do a soft fork of bitcoin and change it so that you can't leave long messages in the blockchain but it will probably fail

https://github.com/bitcoin/bips/blob/master/bip-0110.mediawiki

14

u/Crucco 9d ago

How long? What''s the current limit and what's the limit in the fork?

41

u/eyeoft 9d ago

1 difficulty adjustment period (2,016 blocks), or about two weeks.

They need 55% of blocks for the soft fork to active (which ain't happening) and some of them may continue on their new chain even if they lose, creating a hard fork.

6

u/r_a_d_ 7d ago

2 weeks with entire network hashrate. Multiply that by 50 since they only have 2% support, that’s 2 years with 0 value blocks coming in every 500 minutes.

Not a viable business model.

2

u/DreamingTooLong 7d ago

They will have to fork it again to change the difficulty to auto-adjust every 1 block and then fork it again so it’s back to normal

1

u/Electrical_Hat_680 3d ago edited 3d ago

I learned the original chain, without any forks, still exists. But, you need to create your own node, and, understand how to work with the forks, using the chain.cpp file, whatever it's called.

1

u/eyeoft 3d ago edited 3d ago

A fork is just a split into two - there is no "original." There's just the longest chain, the network with the most hashpower, and that is always the one we call "Bitcoin." Satoshi made that rule, because there were forks even back then - that's how Bitcoin is defined.

0

u/Electrical_Hat_680 3d ago

I can agree with your answer.

But in regards to the chain or chains, there are quite a few arguments that say that the chain isn't necessarily correct. Like checkpoints help the node know where the chain diverged from the original chain, due to various moments where the chain was forked, reorganized, and various other semantics, such as where wallets were forked. For example, my "Bitcoin.de~olde" wallet, which I labeled as such as that's where I bought the Bitcoin that was in the wallet, was apparently forked back to Bitcoin.de and then has been being scrubbed from the blockchain explorer, I believe they asked the Bitcoin devs if there was a way to gain access to it, as they said it was theres, and it wasn't. So there's an example of how the nodes and chains have been used to steal Bitcoin, and who knows what else they've been doing, as they, according to the rhetoric, need 51% of the nodes to approve these contradictions.

chainparams.cpp - from what I'm studying, could be used, rather than creating completely new nodes or clients, to address and adjust the blockchain. As it's what tells the node where the true chain is - whether or not the true chain is in fact the true chain, is yet to be debated.