@ODELL can you explain/expand on this?
"...specifically, one of the dynamics at play in this type of softfork scenario is that the softforked chain is restricting rules: they are reducing what you can spend. So anything mined on the softforked chain is still valid on the non-softfork chain. So theoretically at any point that chain could then reorg the other chain unless there was something actively done to prevent that reorg."
which chain reorgs which one?
what is actually done to *prevent* the reorg?
A contentious soft fork can become "User-Activated" (UASF). *Economic nodes* (exchanges, wallets, payment processors) would need to build rough consensus and PRE-COMMIT to enforcing the new rules by a specific date, regardless of miner signaling
If successful contentious softfork avoided
The relationship between bitcoin versus regulators / law-enforcement, is far more nuanced than saying:
"If somebody does something illegal on Bitcoin, then unbounded criminal liability attaches to everyone who's running a node or mining bitcoin."
And just like that new inflation target is 3%. Feels *normal*, even low.
Get ready for them to normalize 4%, then 5% then double digit.....
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