The starting point of the #BIP110 story—with all the sinfluencers saying it is not going to happen, etc.—seems to be a classic David vs. Goliath storyline, and Goliath will be slain this time, too.
dgy
dgy@stacker.news
npub1zqm7...aryh
Programmer, Bitcoiner & Cypherpunk
We do not yet know exactly how #BIP110 will play out—faith is what keeps you doing the right thing.
After the magic has gone in the world of treasury companies, shitcoin companies have crashed, the bitcoin price is in bear territory, and sinfluencers are cheering themselves up in self-help groups, it would be wise for miners and hashers not to double down in a masochistic way against the bitcoin community by blocking the activation of #BIP110.
The Gorgon "Database" also known as Medusa is the only mortal Gorgon in Greek mythology and will be killed soon ;-) #BIP110
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Ignoring your users is fatal, and sooner or later you may have to reverse course to save the enterprise. Even large companies cannot do whatever they want—as the "New Coke" example shows, which was rejected by the market and forced Coca-Cola to revert to the old formula. This is even more true for an open-source network like bitcoin. #BIP110
The poverty of imagination of the played #BIP110 opposition on nostr is somehow amusing ;-) They are so lazy that they just invert some of the pro arguments, but it does not work that way. If you remove the shit—aka spam—from bitcoin, one cannot logically call the purified chain resulting from #BIP110 a shitcoin. The latter is a deviation from the monetary function of bitcoin.
It is ironic that the criticism that Dr. Jack Kruse is not an expert in bitcoin and his views on #BIP110 are therefore irrelevant is raised exactly by those "expert idiots" from the core camp who themselves do not understand what money is. We certainly need more people with interdisciplinary skills.
This "BIP110 Fork Simulator" is useless as it does not take into account game theory. #BIP110
The carnage among the dependent sinfluencers almost seems greater than that in the price. We will note who fought among our lines and ignore them after the activation of #BIP110. They will not get away with it; bitcoiners do not like cowards or opportunists. Their high time preference—prioritizing short-term stability to avoid obstructing present sponsors—will not pay off in the long run.
Code reviews are often not the preferred activity for developers. When paired with avoidance of criticism to spare the author's feelings or avoiding to be banned by the others, it creates a toxic place where bugs can easily slip through. Consequently, the development process within the core dev team has failed. They should openly admit these mistakes, and a significant number of developers should retire to save the bitcoin project.
Sponsored bitcoin media content is like dog food—the one consuming it and the one paying for it are not the same. This restricts the independence of the journalistic work—here one could use the evil C-word, aka censorship—and may lead to pure propaganda. Furthermore, it shows a failure to innovate by adapting peer-to-peer cash into their media business, which is ironically the very thing they claim to discuss. #BIP110
#BIP110 could activate smoothly, but exactly those people who basically hate spam and yet at the same time hesitate to support it because of fear that a chain split may occur make it likely that a temporary chain split may actually happen. This behavior basically leads to a self-fulfilling prophecy.
Indeed #BIP110 can be harmful‒for shitcoiners, #sinfluencers, corrupted devs, willfully ignorants, and authors with diluted messages etc.‒but that is intentional and not something that should stop anyone from supporting it ;-)
Rejecting #BIP110 among external advocates spreading bitcoin adoption in Africa and other regions is equivalent to proposing a new form of neocolonialism, because lowering the ability of communities there to run nodes makes them dependent once again on the most developed countries, which will run and control the nodes instead.
In retrospect, it is straightforward to identify why gold was captured by the bankers, but seeing how similar patterns may unfold for bitcoin today is another story. History does not repeat itself, but it often rhymes. Therefore, stay vigilant. #BIP110
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Only in the logic of retard bitcoin without shit can result in a new shitcoin. #BIP110
The Unix principle states a program should do one thing and do it well. The same applies to Bitcoin—its one thing is money. #BIP110
Bitcoin can fail because of the complacency of its users and the attitude that one does not have to do anything to defend it. Bitcoin does not sustain itself—it is protected by bitcoiners. #BIP110
You can do whatever you want in your spare time, but writing science fiction novels weakens your qualification as an expert in the economics of decentralized money based on cryptography.
With another bug (privacy leak) revealed in the recent Bitcoin Core software, the claim that #Knots lacks sufficient review and #BIP110 is rushed continues to weaken. One cannot expect junior developers to simply replace long-standing senior developers—"Juniorizing" is just a management buzzword.