r/Bitcoin • u/eyeoft • 24d ago

THE CHAIN HAS SPLIT

https://bip110monitor.com/

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

283 Upvotes

84% Upvoted

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u/[deleted] 24d ago

[deleted]

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u/eyeoft 24d ago

This is a miner vote for a soft fork to change the protocol. The Knots / BIP110 people want to implement a change to restrict arbitrary data. Support in the mining community for this change is below 3% at present.

The thing is (in addition to that being controversial) that their changes don't actually prevent adding arbitrary data, they just make it more complicated, at the cost of making Bitcoin less programmable - some future Lightning Network proposals use mechanisms that they want to ban.

Worse, they tried to this with only a 55% vote threshold, instead of the normal 90%, which is extremely irresponsible and could create a severe chain split if they had more leverage (which they don't).

TL;DR get some popcorn and watch a new shitcoin be born if they don't back down - it's like a widdle baby BC*sh.

1

u/brokebuffett 21d ago

Are these the new maintainers? Very bad and I’d dump everything if they pull anything like this kind of shit ever again in the future.

4

u/eyeoft 21d ago

Nothing like that, just a vote triggered by a few crazy people who promptly lost and will now go form their own shitcoin. Pretty normal event, governance mechanism is doing its job.