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A change to consensus rules with no consensus. The BIP-110 debate is not about spam, it is about the dangerously low bar now set for pushing consensus changes into Bitcoin.

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JAN3

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12,459 Aufrufe • vor 1 Monat •via X (Twitter)

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If the bar to change Bitcoin's consensus rules gets low enough, anyone could launch an attack on the whole network. 🚨❗️ Samson Mow on why rushing BIP-110 without consensus isn't just bad process, it's an existential risk to Bitcoin itself.
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If the bar to change Bitcoin's consensus rules gets low enough, anyone could launch an attack on the whole network. 🚨❗️ Samson Mow on why rushing BIP-110 without consensus isn't just bad process, it's an existential risk to Bitcoin itself.

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“Knots is BIP 110. It’s going to enforce those as consensus rules. If there are no blocks and the chain stalls out because miners ignore it then there will be a proof of work change… I'm very sorry to the miners that have supported BIP 110.” — Bitcoin Mechanic, Ocean Mining spokesman
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“Knots is BIP 110. It’s going to enforce those as consensus rules. If there are no blocks and the chain stalls out because miners ignore it then there will be a proof of work change… I'm very sorry to the miners that have supported BIP 110.” — Bitcoin Mechanic, Ocean Mining spokesman

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Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 Daniel Ƀrrr dismantles the case for BIP 110, showing that embedding data in public keys and hashes makes consensus-level spam filters ineffective from day one. Timestamps: 01:31 — Locusts Flock to Bitcoin's Last Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Dev Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Game Theory? 55:52 — BIP 110 Fork Dies With a Whimper
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Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 Daniel Ƀrrr dismantles the case for BIP 110, showing that embedding data in public keys and hashes makes consensus-level spam filters ineffective from day one. Timestamps: 01:31 — Locusts Flock to Bitcoin's Last Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Dev Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Game Theory? 55:52 — BIP 110 Fork Dies With a Whimper

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BIP-110 mandatory signaling has begun! Congratulations to all involved! I hope everyone learned something about consensus and how forks work. Now we can go back to productive discussions about Bitcoin software development.
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BIP-110 mandatory signaling has begun! Congratulations to all involved! I hope everyone learned something about consensus and how forks work. Now we can go back to productive discussions about Bitcoin software development.

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We have absolutely no idea what kind of chaos is going to ensue if BIP-110 gets pushed through without consensus. If the market sides against the restrictive rules, we are left with a smaller, weaker monetary Bitcoin while the "spam-enabling" version wins all the institutional money. I pulled this clip from my recent chat with Luke de Wolf because it highlights the true stakes of this governance debate. Check it out here or catch the whole of discussion below.
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We have absolutely no idea what kind of chaos is going to ensue if BIP-110 gets pushed through without consensus. If the market sides against the restrictive rules, we are left with a smaller, weaker monetary Bitcoin while the "spam-enabling" version wins all the institutional money. I pulled this clip from my recent chat with Luke de Wolf because it highlights the true stakes of this governance debate. Check it out here or catch the whole of discussion below.

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#Jaguars GM James Gladstone on the consensus board debate: “We build consensus internally, and that is leveraged at every pick point.” He added that consensus doesn’t always align because they don’t take into account scheme or the situation a player is coming into. (🎥 Jacksonville Jaguars)

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Q: If the consensus candidate emerges within the ADC Coalition, will you step aside in the interest of unity? Atiku: It is not about stepping aside, the first option in coalition is to work out a consensus. If that doesn’t emerge, then we go for direct primaries.

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Mechanic is back on the show. Softfork Mechanic #BIP-110 talks about BIP110, who controls Bitcoin, spam, using bitcoin as money, the fight for bitcoin's future. Links 👇
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Tomorrow, independent developer Super Testnet comes on the show to share why he's proposing a User-Rejected Soft Fork for BIP 110 — and explores the different ways a potential 'soft fork war' could play out around BIP 110 in August. This episode is chockfull of soft-fork history, with insights into how changes to consensus have historically been executed and how these processes could shift going forward.

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"What matters isn't BIP 110 ... what people really care about isn't spam ... it's can the Bitcoin network get its shit together to defend against quantum" Dave on what people are really worried about beyond the BIP 110 debate "Where is the value, where are people looking? The new narrative on Ethereum is it's a safer network and it'll be quantum resistant and faster" "The narrative on Bitcoin is there's a BIP 110 debate. At the end of the day, and I'm oversimplifying, what matters isn't BIP 110, what matters is the process" "Can the Bitcoin network get its shit together to defend against quantum, and can they defend against theoretical attacks like the one that Duke professor you quoted [51% attack with short perps position] last week talked about"
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"What matters isn't BIP 110 ... what people really care about isn't spam ... it's can the Bitcoin network get its shit together to defend against quantum" Dave on what people are really worried about beyond the BIP 110 debate "Where is the value, where are people looking? The new narrative on Ethereum is it's a safer network and it'll be quantum resistant and faster" "The narrative on Bitcoin is there's a BIP 110 debate. At the end of the day, and I'm oversimplifying, what matters isn't BIP 110, what matters is the process" "Can the Bitcoin network get its shit together to defend against quantum, and can they defend against theoretical attacks like the one that Duke professor you quoted [51% attack with short perps position] last week talked about"

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Forcing protocol changes without real consensus turns #Bitcoin development into FIAT-STYLE politics. "The attitude is one that inevitably leads to some form of authoritarianism." - Jimmy Song (송재준)
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Forcing protocol changes without real consensus turns #Bitcoin development into FIAT-STYLE politics. "The attitude is one that inevitably leads to some form of authoritarianism." - Jimmy Song (송재준)

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President Ruto: It is not a conversation about producing another government document. It is about forging a new national consensus on the country we intend to become and the standards by which we shall measure our progress
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Is #bitcoin spam an ideological issue? "This is a practical matter... If blockspace is mostly being used up by junk we need to do something about it." - Softfork Mechanic #BIP-110
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Is #bitcoin spam an ideological issue? "This is a practical matter... If blockspace is mostly being used up by junk we need to do something about it." - Softfork Mechanic #BIP-110

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