Can someone explain to me how BIP-110 will possibly have any chance of activating with this level of miner signalling? I’m not really against it in principle, but I have no idea where the confidence is coming from on the BIP-110 side. Genuinely curious.

@stack2thefuture The idea is that miners will choose to signal and comply to reduce the risk of their blocks being invalidated. It's a bit of a game of chicken.

@stack2thefuture Because all nodes will accept their blocks and spam fees are only a very small part of their revenue. x.com/CunyRenaud/sta…

@stack2thefuture Miners don't make the rules. If they ever do, it's game over for Bitcoin. The value and utility of Bitcoin comes from decentralized nodes, not miners.

Up late and bored? Tap into live conversations.

@stack2thefuture If you're a miner, you have to trust that none of the other miners will "defect" after BIP-110 activates. You'll be awake every night worried that one might. If a miner refuses BIP-110 they'll probably be okay. If they accept, they'll definitely be okay. Which to choose?

@stack2thefuture It’s in your handle, there’s this thing called “the future”.

@stack2thefuture Same. I mean when it's activated they will ignore all blocks that don't follow bip 110 so it seems like they'll fork immediately

@stack2thefuture listen to some podcasts

@stack2thefuture Miners don’t get to make the rules of the network, period. Nodes will force miners to signal, or get their blocks thrown out

@stack2thefuture We're talking about people that have spent 9 years reinforcing their propaganda that UASF was a determining factor in The Blocksize War. These guys literally feel like they were the key factor in the Avengers' glorious victory from their cinema seats. Think of it like that.

@stack2thefuture Yes, it will activate. by design. We all know exactly how this ends. But some people have to live it. They can't be told.

@stack2thefuture It’s going to activate. It’ll just be with whatever hashrate they scare up in the next few weeks and whatever users are running it.

It’s going to activate. It’ll just activate with whatever hash rate they can gather or rent and whatever users choose to run it. Meanwhile, Bitcoin mainnet will retain the overwhelming majority of the hash rate and will almost always stay one or two blocks ahead. If that happens, they’ll simply find themselves on a minority fork.

@stack2thefuture Its actually very simple. If u mine a block, it can get orphaned if another miner hits a block ánd reaches >50% of all nodes first. So if u run bip110, 100% of the nodes are open to accepting your block. If u dont run bip110 then currently only 85.89% is willing to accept it.

@stack2thefuture Its a scenario where they'd be quite literally trying to pick up pennies in front of a steamroller.

@stack2thefuture Miners don't need to signal yet. The fact is though at activation day they will be face with enforcing activation (in which case they miss out on 0.1% of their revenue) or refusing to enforce and dropping a bomb on the network their whole business model depends on.

@stack2thefuture It’s delusional.

@stack2thefuture Cults don't behave rationally.