Luke talked about it in 2017. He didn’t just came up with this idea out of nowhere. View quoted note →

Also did you call @hodlonaut to try and persuade him to pull off his support for BIP-110? Do you wanna share who else you might have called? View quoted note →

@Giacomo Zucco do you really have a diplomatic passport? 🤔

If I had a physical copy of the “Blocksize War” book, I’d be throwing it away.

By @hodlonaut 👇 Taking a break after this to collect my thoughts. You can keep the ridicule in the comments, it tickles. * * * "There is only one Bitcoin" Yep. And it’s centralized and captured with pure fiat governance and culture. I have no interest in the narratives about what constitutes "real" Bitcoin. I’ve lost faith in BTC’s potential to serve as a technology for freedom in the long run. Because the core idea is gone. If THE IDEA lives on in a new chain, with the core motivated social layer that carried the BIP-110 fire, node runners, and the people who were there for the idea rather than just blind "number go up" gains and clique clout.. then that’s where I’ll focus my energy. I’ll never debate or argue what "real" Bitcoin is. I don’t care about tickers. That discourse is extremely tainted by years of bad actors, and will lead to nothing good. It’s about the IDEA, not the name. The name of the chain carrying the IDEA onwards is not important to me. I put my energy and attention where I have faith and conviction.

By @Unhosted Marcellus IMO BIP-110 is (so far) the most important event in Bitcoin of the 2020s, even more than Taproot activation. Every bitcoiner can see that mining has been almost from the start too centralized for the canonical game-theory to hold in practice. However mining pools had always kept appearances and caved in to the will of noderunners. BIP-110 mandatory signalling day was the first time in Bitcoin history that the dominant Sv1 pools abused their position and kick a good chunk of Bitcoin users out of the network that were trying to fix long-standing bugs in the protocol, instead of fixing said bugs and keeping everyone in the same chain. What follows from this, and what I would have learned if I was in their position or a state actor, is that this group can also impose top-down soft-forks to the network of nodes and kick out those who try to explicitly reject the new rules. Personally this episode has helped me understand the phenomenon of Bitcoin developers and even maintainers that work in the field but have zero skin in the game. And unfortunately none of the bitcoiners who really opposed BIP-110 understood that by counting on pools to ignore an UASF instead of running an URSF themselves they gave away their agency to pool operators to govern the protocol. Now that the precedent is set I fully expect down the line that the dominant pools will abuse this power again to force miner-activated soft-forks on user nodes, which have no realistic way to be stopped since UASFs and URSFs have been shown to not be effective in this centralized mining environment.

Few months ago 5 developers demonstrated that your node doesn’t matter, when they can arbitrarily change the defaults. Few days ago 5 mining entities further reinforced that reality. Suddenly a POW change doesn’t sound so bad. You can have your shitcoin and we can have ours.

👀

By @hodlonaut I fully accept what happened yesterday. It is sad, I will admit that. But it also feels like a catharsis. BIP-148 is celebrated as Bitcoin Independence Day, because it proved that ordinary users, running nodes in their homes, could force the most powerful mining cartels and corporations in the industry to back down. The users had no hashrate, no exchanges, no lobbyists. They had conviction and they had nodes, and that was enough. BIP-110 ran the same play with the same conviction, a reasoning that was shared by all bitcoiners five years ago (Bitcoin is money and not a grift database), and node support at levels at least comparable to 2017. This time the miners and the corporate layer simply refused to follow. They extended their spam-friendly chain and moved on like nothing happened. Remember yesterday as Bitcoin Dependence Day. What changed between 2017 and 2026? Not the users. They showed up with the same fire. What changed is everything that grew in the years between. ETFs. Treasury companies. Custodians holding millions of coins for people who will never touch a node. Hashrate concentrated into a handful of pools building templates for the whole world. Capture of the governance of the reference implementation resulting in stark philosophical pivot. Those already celebrating Bitcoin Dependence Day are not simply cheering an outcome they won. They are treating evidence that miners and the corporate layer now control Bitcoin as if it were a grand cypherpunk victory, while ridiculing the people who fought for decentralization and for Bitcoin as money. In my opinion, and in my heart, legacy Bitcoin is not what I signed up for. Captured. Centralized. Led by suits. No longer about freedom, sovereignty, or the mission of separating money from state. No longer about the things that made me a ride or die bitcoiner for many years. The fire that originally drew me to Bitcoin is still alive in the node runners who supported BIP-110. I will follow it where it goes. As for legacy Bitcoin, I have no interest in it anymore as a freedom project. In my mind, it is now a stock.

If you agree with this message, I wanna follow you. View quoted note →

Not everything is bad. At least we learned something from BIP-110.

Written by @ScarcityMan Bitcoin was dealt a serious blow on 8/8 2026. It hurts because we know what was at stake, and what this means. It hurts because most of our enemies are too stupid and ignorant to understand they're rooting against themselves. It hurts because the suits don't care about bitcoin, and never did, and now we know this without a doubt. It hurts because the influencer class betrayed us, and bitcoin. And they were not as smart as we thought. Or they thought. Sip the whiskey, fire the joint, hit the heavy bag. But then get back here and look at what happened with clear head and eyes. We only fail when we fail to learn from our mistakes. For what it's worth, here's what I think about the current state of bitcoin: - Bitcoin is a captured project and we were too late in reacting. We don't know the precise structure of the capture, but it's clear that Core, Strategy (Saylor), Bailey, most of the big mining pools, and a number of other key figures are part of it. - Miners were almost certainly coached through this via backchannels. All the people wanting to "bet" in prediction markets knew something we didn't. - Many influencers showed their true colors, possibly also backchanneled, especially ones changing their tune suddenly, without good reason, and without any willingness or ability to engage in debate over the actual principles. - None of the arguments made by Core proponents and BIP-110 opponents made any sense and still don't. Some of it is stupidity. Some of it tribalism. Some of it is by anti-bitcoiners. But there is a weight in the space that we can't see, except by its gravitational influence. It has warped a great many minds around it. We don't need to know what it is to know it exists. - The main chain is unsalvageable. Let the suits and scammers and spammers have it. It will turn into etherium and become irrelevant. Not tonight, but eventually. We are early. We are few. - We are not so few. 20% of the network went all in. It grew from 0% on the principles and merits despite overwhelming opposition from nearly every imaginable corner and entity. That's how we know it got where it did on merit. This wasn't David vs Goliath. This was David vs a legion of Goliaths. And yet, we nearly won. Perhaps if we'd had more time. Perhaps if just a few influences hadn't turned their backs on us. Maybe if Saylor hadn't been quite so evil. We'll never know how close we came. - I would rather start fresh on a clean coin with the 20% of you who went all in on this than remain with the 80% on the cucked coin. One of you is worth a 100 of them. I believe if we did this, we would eventually outgrow them, the same way we grew support for BIP-110: on the strength of the principles and merits. The mission hasn't changed. We still need to fix the money. Satoshi almost one-shot this whole thing from nothing. But the one thing he didn't foresee was the corruption of the developers. We know this can work. We almost got there. I have taken the orange pill and I can't go back inside the fiat matrix now. Let's regroup and figure this out while there's still so many of us riled up. Sulk today, but sober up tomorrow, and lets get back to work. LFG