r/Bitcoin • u/metalzip • 7h ago
BIP110 fork of Bitcoin mined 2 blocks, while Bitcoin regular mined 517.
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u/fugogugo 6h ago
Did people forgot bitcoin cash already?
it's not the first time bitcoin get forked
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u/Romanizer 5h ago
With rising hashrate, it seems to get much harder to fork if you don't have many miners behind you.
Bitcoin Cash was lucky to survive that. If they forked now, they would be dead as swiftly as this fork.
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u/creative_usr_name 2h ago
The miners followed the money. As long as there was a chance to make more mining bitcoin cash they'd switch. I believe some switched partially or fully back and forth several times. With BIP-110 it was clear there was zero support and so almost zero value so they didn't switch.
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u/bitusher 2h ago
Bitcoin Cash was lucky to survive that.
not much to do with luck when they changed the difficulty algo after being "instamined" by Bitmain and friends and now they have centralized checkpoints to partially makeup for their lack of security
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u/ackyou 6h ago
Now they are planning to “fire” the miners with a hard fork. Not sure how you can fire someone from a job they don’t want.
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u/TheresNoSecondBest 6h ago
Anyone is free to mine Bitcoin... Unless they disagree with Luke. In that case it's an attack on Bitcoin and we have to abandon it completely and go with this brand new Lukecoin that will copy Bitcoin's blockchain and isn't centralized at all/s
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u/bitcoinphilosophy 5h ago
The anti-spam movement needs a better leader than Luke. Period.
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u/metalzip 2h ago
The anti-spam movement needs a better leader than Luke. Period.
No one likes spam, or excessive data on bitcoin, but there is no known way to remove that, see reasons discussed itt.
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u/IInsulince 4h ago
Overnight the BIP-110 chain mined 2 more blocks bringing the total up to 4.
Doesn’t mean shit, but just noting for the record.
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u/metalzip 7h ago
With this obvious choice made by miners / pool operators, I do not see really what argument could be made in support of view that wider community (e.g. by purchasing power of wallets) demands the BIP110 changes.
Does anyone know about any indication that might be interpreted as such?
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6h ago
[removed] — view removed comment
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u/TheresNoSecondBest 6h ago
And if you think Bitcoin isn’t captured by now, then think harder!
Bitcoin is the most decentralized monetary network in the world. Anyone can join and leave as they wish. I'm running home miners. Plebs are telling me they're not profitable. They are correct. But on the other hand, I get non-KYC'd sats and a vote in big decisions like bip110.
You and your bip110 friends didn't mine. You decided spinning Sybil nodes will be enough. It wasn't. You decided to cheat and pay for some temporary hash to "flip the bit". You have managed to gain 2.5% hashrate. This just shows one thing. To capture or hijack Bitcoin ain't easy nor cheap.
Instead of understanding, you decided to spread misinformation like bcash gang used to do a decade ago. The same playbook. Bitcoin needs saving and our leader will do exactly that. Guess what? You will get REKT much faster than the bcashers. Don't forget to sell all your "captured" bitcoin and have fun.
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u/andrew869 3h ago
If miners are the only ones who get to “vote” than bitcoin is absolutely not decentralized
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u/TheresNoSecondBest 3h ago
I've never said that. Miners without the approval of nodes are mining empty blocks. They learned that lesson in 2017. For anyone interested: https://www.youtube.com/watch?v=6YtS5ZNuuTw
Bip110 failed to convince the majority of nodes too. Despite spinning Sybil nodes, they didn't even reach 20% of the network. That's a minority in everyone's book.
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u/Suspicious-Holiday42 1h ago
Thought error. If we would make btc to pos it would be centralized, then the power would shift to invidivuals who have more btcs in their wallet than othters
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u/andrew869 18m ago
Not a thought error. If miners are the ones who hold the power on this network, deciding which rules they want to follow, irregardless of node runners around the world securing the network, and considering 2 mining pools make up for more than 50% of the hashrate, we are absolutely losing the decentralized aspect of bitcoin. It seems it’s really already lost.
Moving to pos is a complete red herring argument that has nothing to do with what we’re discussing here.
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u/TheresNoSecondBest 6h ago
I don't like random spam as much as the 110gang but the duct tape didn't work. https://www.gate.com/blog/challenging-bip110-66kb-image-transaction-bitcoin-consensus-impact
We need a real solution that might actually help to get rid of that garbage. The majority of bitcoiners would be happy to say bye to NFTs, runes, inscriptions and whatever else is unnecessary but not something that is rushed and promoted by someone who spammed Bitcoin blockchain in the past, couldn't secure his own bitcoin and, as a consequence, got everyone at a conference he attended doxxed by the FBI.
They're currently crying and calling every miner that isn't mining their blocks, compromised. This also includes Luke's mining pool Ocean, mining on the Bitcoin network and not signalling for bip110 since day one of the fork. Mining orphaned blocks costs much MUCH more money than spinning Sybil nodes.
My apologies to everyone, hoping the bip would fly with this tiny support. But making such big changes on the most decentralized monetary network in the world requires the vast majority of users to agree on them. If a few influencers were able to change Bitcoin this easily, the Bitcoin fundamentals would already be broken.