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KodyX

@KodyRayz

Grit your teeth and hold on, things are about to get silly. Bitcorn; it has the juice!

USA Katılım Ocak 2016
166 Takip Edilen219 Takipçiler
Stephan Livera
Stephan Livera@stephanlivera·
No URSF is necessary when BIP110 has about 0.8% miner signalling, and zero large economic node support, only about 15% of nodes running RDTS. note also that the pro-110 side has not been willing to put their money where their mouth is, whereas the anti-110 side has LOTS of people/liquidity willing to do so.
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Bram Kanstein
Bram Kanstein@bramk·
Some will flame me but whatever. I put BIP110 in Claude and am asking it to answer my questions and help me understand it. 2 important findings: 1. It basically agrees with it technically. And when I read it I am ok with a temporary (this is important) period of this soft fork to have time to "figure out something sustainable" (against spam). Ok I am on board conceptually. 2. Spammers will adapt. There are other technical ways to spam. This starts an arms race, cat/mouse game. Visible/invisible spam makes it harder and harder to detect... the blockchain size keeps rising despite these efforts. We stay in a perpetual trap and discussion and strife that asks for an extension of the "temporary" soft fork. Hold up. Bitcoin's whole value proposition rests on the idea that its rules are extraordinarily hard to change. Not impossible, but hard enough that you can build a hundred-year savings plan on top of them. So every activation mechanism is implicitly answering the question: how hard should it be to change Bitcoin And 95% versus 55% are two very different answers. It said: "the activation mechanics (55%, mandatory signaling) are where I'd expect the fiercest fight, because that's not just about spam anymore. That's about how Bitcoin changes itself." ... "The justification given (for 55% signaling) is that it's temporary and urgent. But you can see why this is the part people fight about, right? The threshold isn't just a technical parameter, it's a statement about how much agreement you need before changing Bitcoin's rules." 2 things I see: 55% is not 51% (attack), but boy is that close? What happens to an emergent money that is engineered truth of which it's most important task is to stay consistent, constant, predictable, immutable, and thus trustworthy when it is in a perpetual fight? Is that positive? Many wanted me to think. Here's my thinking. Maybe I am too rational. Maybe I am an idiot. I have another positive/negative read attached. "imagine the same playbook used for something else: a "temporary emergency" fork for compliance reasons, or transaction filtering that a slim majority supports under regulatory pressure. "It's temporary, it's urgent, we only need 55%, non-signalers get orphaned" is a template, and templates get reused." Please share your thoughts. Thank you.
Bram Kanstein tweet mediaBram Kanstein tweet mediaBram Kanstein tweet media
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Edward
Edward@LiveFreeBTC·
@LukeDashjr If BIP-110 miners have the minority hash and they are rejecting previously consensus valid blocks, that literally is a chain split. Historically, soft fork activation thresholds are set above 90% and will not activate otherwise specifically to prevent chain splits.
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Edward
Edward@LiveFreeBTC·
This is not how soft forks function. If you are running Core v30, you will follow the heaviest chain, whatever that ends up being. Chain splits only occur due to soft forks if a percentage of the hash rate continues mining a soft fork that does not have the majority of hash rate. (1-~50%) If you run a BIP-110 node and this occurs, it will appear to you that Core has “forked off”. In reality your soft fork failed to reach consensus and you are now on a minority chain.
Luke Dashjr@LukeDashjr

@Andrzej_BTC @ocean_mining There will only be a split if Core forks off.

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Wicked
Wicked@w_s_bitcoin·
@BitcoinJed1 I’ll sell you my BIP-110 coins for 10% the exchange rate of BTC. I’m ready to be punished if wrong.
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₿randon BIP-110
₿randon BIP-110@BitcoinJed1·
I'm pretty sure BIP110 activiation is going to be a max pain scenario for all: It intially fails to get majority miner support and appears to be dead on arrival but still moves forward with getting a few blocks mined. It looks like it failed. Most people sell their BIP-110 coins when they eventually get listed on small exchanges. Months later someone actually puts illegal content in a block on the legacy chain or there is some other major issue b/c of SPAM on the chain. Hashpower switches immediately to BIP-110 and everyone then realizes holding legacy Bitcoin is doomed and it goes effectively to zero as we get closer to BIP-110 wiping out the legacy chain.
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Dee
Dee@HodlDee·
@Puncher522 What if the opposite happens? Are you prepared for that?
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Puncher75
Puncher75@Puncher522·
What will be amazing to watch is the plethora of anti-BIP-110 accounts, revising history about their current invective and positions this time next year. The cognitive dissonance will be stunning. The revisionism even more so.
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Fred Krueger #BIP-110
Fred Krueger #BIP-110@dotkrueger·
NAKA is down 11% today to a new low of 3.37. The stock was 904 on May 23, 2025. "Remember the name"
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KodyX
KodyX@KodyRayz·
@w_s_bitcoin @flaming_hodl So large miners are the final decision maker on what version of Bitcoin the node operators should run?
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Wicked
Wicked@w_s_bitcoin·
@flaming_hodl You also can’t get block rewards back that are abandoned on a minority chain if you don’t build on the heaviest chain. My guess is one of the larger pools doesn’t signal, causing a chain split and then everyone builds on that chain instead of signaling themselves.
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Flaming.hodl ₿
Flaming.hodl ₿@flaming_hodl·
If I was a miner that believes BIP-110 would fail, I would still signal in the mandatory period. Why? Because you can always remove your signal before enforcement but you can't get block rewards back that get reorged.
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KodyX
KodyX@KodyRayz·
@Fancy19 BIP110 is returning to consensus rules that Core 30 modified. It returns the rules to Core versions prior to version 30.
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Fancy
Fancy@Fancy19·
I'm not in either side of the bip110 debate but I don't believe a minority of participants should be able to change consensus rules on Bitcoin, no matter what the proposal is. That said, I don't like spam on the chain and want it as money only as well. What am I missing?
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Knut Svanholm ∞/BIP-110
Knut Svanholm ∞/BIP-110@knutsvanholm·
@Fancy19 @ToneVays It had to be introduced this way since it was forced into excistence because Core made choices that a fifth of the network viewed as dangerous
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Adam Back
Adam Back@adam3us·
Back not Black. don't start that meme up again🤣 you know it's not controversial to say knowing how the system works is relevant to meaningfully commenting or proposing changes! but if you want ot understand there are 1000s of hours of technical pods, @bitcoinoptech, @theonevortex scrollback FAQs etc. so if you want to get beligerant and not research to understand then ofc you risk being disappointed if you randomly chose to chase a bad idea that's been rejected by bitcoin. lots of people also lose money buying altcoins because they didn't understand.
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Max York⚡️
Max York⚡️@MaxY0rk·
-People fiercely debating the future of the most important monetary network in history =Adam Black: Trust me bro I know the system!
Adam Back@adam3us

On the filter fork topic. I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110. My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly. So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow. They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money. Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago. People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation. The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper. You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that. So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money. My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money. I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus. And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately. Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.) Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow. Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

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Adam Back
Adam Back@adam3us·
@JasonGnarlee you may not realize it, but you're on the wrong side of history right now, and it's about to quietly flop. x.com/adam3us/status…
Adam Back@adam3us

On the filter fork topic. I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110. My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly. So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow. They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money. Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago. People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation. The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper. You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that. So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money. My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money. I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus. And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately. Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.) Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow. Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

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The ₿itcoin Dj ⚡️#Bip-110
BIP-110 is why I love BTC! Without the BIP110 crowd we are just an another shitcoin! Fight fight fight!
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KodyX
KodyX@KodyRayz·
@w_s_bitcoin @MichaelDunwort1 The plebs say there will be no fork, obviously. No BIP100ers advocates for a fork. It is nonsense. Stop misleading
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Wicked
Wicked@w_s_bitcoin·
@MichaelDunwort1 Nah, we’re still telling you to fork off while warning you it could result in a loss of funds depending on what you do with your bitcoin post-split. Many BIP-110 supporters aren’t aware of the likelihood they’ll end up on a stalled out and abandoned chain…or what that even means
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⏳ Michael Dunworth⌛️
⏳ Michael Dunworth⌛️@MichaelDunwort1·
I’ve been told for 12 months to fork off. Literally begged. Now all of a sudden: “It’s dangerous!” “Malice and an attack on Bitcoin” “Some other slop complaint goes here” Push push push push, wait wait don’t actually!! It’s good for Bitcoin, maybe not your bags, but it’s good for Bitcoin. Long term, this is a winning excercise for everyone regardless of the side your preference sits. Iteration for information is a good trade when resolving a security hole.
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WhaleWatcher
WhaleWatcher@whale_watcherz·
@LukeDashjr @josephfounder Your Twitter bubble isn't the community either. <20% pro BIP-110 nodes isn't an approval from the community. In the end the open market will decide.
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Luke Dashjr
Luke Dashjr@LukeDashjr·
Removing rules is a hardfork. That includes scheduled rules like subsidy halvings, and yes, even BIP110. Rejecting BIP110 is a contentious hardfork attempt. And unlike softforks, hardforks need consensus to succeed. There is no consensus on rejecting BIP110.
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KodyX
KodyX@KodyRayz·
@saylor The tides have turned for Saylor. While he stays in Bitcoin, his voice carriesnfar less weight. The jig is up, Mike. We see you.
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Joshatoshi #BIP-110
Joshatoshi #BIP-110@joshatoshi·
If you love a default OP_RETURN of 100,000 bytes, just wait until Core changes it again to 1MB, 1GB, or removes the limit entirely. It’s only a matter of time really.
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Wicked
Wicked@w_s_bitcoin·
@danWilcz @cryptoquick That’s a good way. Maybe a better way is to earn/buy new coins on the chain you align with in the event of a sustained chain split.
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Wicked
Wicked@w_s_bitcoin·
You gotta stop and wonder why all the largest accounts supporting BIP-110 don’t want their followers to bet on its success. They wouldn’t want to get blamed for their followers losses once BIP-110 fails, now would they?
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KodyX
KodyX@KodyRayz·
@w_s_bitcoin Betting is such low dopamine, fiat type shit. It means nothing about one's conviction. Try again, bud.
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KodyX
KodyX@KodyRayz·
@BetruetoitUK @LukeDashjr @AsyncN8 Good question. Its hard to tell but increasing thebamount of data that can be stored on Bitcoin is the wrong approach. BIP110 walks back Core 30 OP and that's what we are doing
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Semi🌞Sol
Semi🌞Sol@BetruetoitUK·
@LukeDashjr @AsyncN8 Is it more likely they seek to centralise the protocol, by encouraging arbitrary data storage, and driving up the cost of running a node, or do they have some otherwise undisclosed agenda, that relies upon large OP_RETURNs ?
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AsyncN8, #BIP110
AsyncN8, #BIP110@AsyncN8·
Anti #BIP110 folks. You’re rooting for 5 KYC government regulated companies. You realize where that is headed if you don’t fight with us?? Swallow your pride and help us reassert the power to the node runners. Or enjoy your KYC whitelisted UTXOs and CBDC stablecoins.
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bendtheknee to #BIP-110
bendtheknee to #BIP-110@bendthekne3·
In spaces about BIP110 yesterday, 2 hours in, I heard multiple people says BIP110 is just a sybil attack. Whose real here running BIP110? Can we make this loud? Raise your hand🖐️
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Wicked
Wicked@w_s_bitcoin·
@dotkrueger Translation: Fred doesn’t actually believe in BIP-110. Thanks for playing. 🍻
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