Dathon Ohm / BIP-110

[Dathon Ohm / BIP-110 @dathon_ohm]

ATTENTION. THIS IS NOT A DRILL.

Mandatory signaling for BIP-110, which fixes critical vulnerabilities, begins in 290 blocks (~48 hours from now).

All miners must begin signaling readiness for BIP-110 (versionbit 4) by that time, or their blocks will be discarded as invalid.

[Dathon Ohm / BIP-110 @dathon_ohm]

@BitcoinMonk21 @1914ad @BlueRidgeBTC @Puncher522 @mattkratter @GrassFedBitcoin @LukeDashjr @knutsvanholm @lukedewolf @cguida6 You seem to have missed the Block Size Wars. It has been acknowledged since then that Bitcoin is the longest valid chain. That was a major rationale for BIP-148.

[Dathon Ohm / BIP-110 @dathon_ohm]

@BlueDavid 55% was required for _early_ activation. A miner veto was never built in.

Once the deadline was hit, the threshold went to 0%. All miners were required to signal or have their blocks rejected, at that point.

[Dathon Ohm / BIP-110 @dathon_ohm]

@RadoTsc @LukeDashjr Of course Bitcoin will be traded on exchanges once again. The chain is currently stalled, and this must be resolved.

[Dathon Ohm / BIP-110 @dathon_ohm]

Update: it appears that the large mining pools have colluded to turn Bitcoin from money into a toxic data dumping ground by executing a secret hardfork against the Bitcoin node network.

The community is working on proposal for a proof-of-work change to fire the miners.

[Dathon Ohm / BIP-110 @dathon_ohm]

@RoninHodler @woke_bitcoiner No. There needs to be a rough-consensus discussion process, which happened with BIP-110.

[Dathon Ohm / BIP-110 @dathon_ohm]

@BitcoinMonk21 @1914ad @BlueRidgeBTC @Puncher522 @mattkratter @GrassFedBitcoin @LukeDashjr @knutsvanholm @lukedewolf @cguida6 Longest valid* chain.

[Dathon Ohm / BIP-110 @dathon_ohm]

@mozartsosmart 🫡

[Dathon Ohm / BIP-110 @dathon_ohm]

@bitcoinplebrity @Ned17Flanders @start9labs @GrassFedBitcoin @leo_haf There is discussion about doing a proof-of-work change from the softfork chain. The chain would be very slow, but it could be viable, still. The discussions are ongoing, though. I am merely reporting what I have heard.

[Dathon Ohm / BIP-110 @dathon_ohm]

@PraveenPerera @Ned17Flanders @start9labs @GrassFedBitcoin Unfortunately, this calls the Core chain "Bitcoin", and recommends switching back to it, so I cannot recommend it. Please update.

[Dathon Ohm / BIP-110 @dathon_ohm]

@woke_bitcoiner @RoninHodler No nodes reject BIP-110.

[Dathon Ohm / BIP-110 @dathon_ohm]

@1914ad @BitcoinMonk21 @BlueRidgeBTC @Puncher522 @mattkratter @GrassFedBitcoin @LukeDashjr @knutsvanholm @lukedewolf @cguida6 Our nodes will always matter. No one can force you to run the spam chain.

[Dathon Ohm / BIP-110 @dathon_ohm]

@zamir591582 @BitcoinBombadil 🫡

[Dathon Ohm / BIP-110 @dathon_ohm]

@BitcoinBombadil Yes, of course. BIP-110 is absolutely critical for maintaining Bitcoin as money.

The PoW change discussion is mostly out of my hands, but I understand that we should not try to do too many things given that we need to react quickly. We must balance speed with security.

[Dathon Ohm / BIP-110 @dathon_ohm]

@ts_hodl @LukeDashjr Wrong.

[Dathon Ohm / BIP-110 @dathon_ohm]

@ts_hodl @LukeDashjr Because that doesn't fix the potentially fatal vulnerabilities BIP-110 fixes.

[Dathon Ohm / BIP-110 @dathon_ohm]

@_Rob_Wallace Yes, my plan is to fade away, once the path forward is clear. It doesn't make sense for me to stop posting at the moment, though.

[Dathon Ohm / BIP-110 @dathon_ohm]

@Dennis_Hime Yes.

[Dathon Ohm / BIP-110 @dathon_ohm]

@truthinlogicBTC It is certainly possible to make nodes easier and less expensive to run over the long term. It remains to be seen whether operating a node on specific, current hardware can be meaningfully improved.

[Dathon Ohm / BIP-110 @dathon_ohm]

@RadoTsc @LukeDashjr We will hire new miners.

[Dathon Ohm / BIP-110 @dathon_ohm]

@Ch91831jooo @MarcanoFilms The community is in discussions now.