I first thing that would make me feel better about the COLDCARD crisis is for NVK to disappear off the face of the planet and never be heard from again.
This is a sad day for self custody. I can't see myself recommending it to anyone new. What happens once we find out the dice aren't sufficient? #COLDCARD
Here’s how August 7th or 8th will play out:
The 5 or 6 largest mining pools will gather on a conference call at block 961,632.
The decision will be unanimous: “We’re not flipping the bit.”
Moments later, the next block will be a JPEG block featuring Luke/Mechanic/Kratter AI art.
BIP-110 nodes will then split off and continue on their own chain mining 5-10 blocks a day until the next difficulty adjustment.
And, for the laughs, spammers will likely be the first to test the new Ordinals method on the BIP-110 chain.