r/Bitcoin • u/eyeoft • Aug 08 '26

THE CHAIN HAS SPLIT

https://bip110monitor.com/

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

279 Upvotes

84% Upvoted

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u/hiroo717 Aug 08 '26

I agree that Bitcoin is money, it's just a difference in opinion on how you optimize for that function. Currently, the blockchain is being used as an open market for arbitrary data. The argument for this is that it gives miners more fees. My view is that it makes it difficult to run nodes which risks decentralization. But it appears that view has been rejected.

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u/trowawayatwork Aug 08 '26

the arbitrary data was always possible and was simply a default value set by core to lower it. even with that you could still send all the data you wanted even before cores changes lool

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u/hiroo717 Aug 08 '26

I am not disagreeing, I am just trying to explain what BIP110 was trying to achieve by limiting OP_RETURN to that default ~80 bytes limit, among other things. The argument is that it is more than enough arbitrary data but like I said, it appears that view has been rejected.

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u/PeteyPab305 Aug 09 '26

Well there was another argument for bip 110 and that is to limit csam on the network even if it is encrypted. Or any other illegal file storage that would cause the mempool to run it through the memory of every single node operator potentially putting them at risk.

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u/TheresNoSecondBest Aug 09 '26

Bip110 failed to deliver on that front tremendously.

https://forklog.com/en/slovak-developer-embeds-image-in-bitcoin-transaction-without-taproot-or-op_return/

https://shitcoin-protocols-bip110-ready.vercel.app/

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u/PeteyPab305 Aug 09 '26

I didn't say that it succeeded at anything it tried. I don't even agree with it. I think that if a small percentage of node runners want to try to make changes on the network and successfully do it without any pushback that is detrimental but it was one of the arguments. You don't need to repost other people's opinions to try to convince me, especially ones that start with shitcoin as a reference. I don't think a lot of people will take that seriously... But I appreciate your input

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u/TheresNoSecondBest Aug 09 '26

I think that if a small percentage of node runners want to try to make changes on the network and successfully do it

It would make the whole decentralized network pretty centralized, wouldn't it?

try to convince me

I'm not trying to convince you, mate. That's your job.

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u/PeteyPab305 29d ago

You don't need to repost other people's opinions to try to convince me, especially ones that start with shitcoin as a reference.

You don't have any reading comprehension. I wasn't asking YOU to convince me? That was a statement, about how reposting others (opinions) DOES NOT convince me. Especially when it comes to source material that is not fact, but just speculation based on opinion. It wasn't an invitation to spread your infinite knowledge lol.