To be clearβ¦
Assuming Bitcoin Knots indeed adopts this BIP444 soft fork, there will be a chain split (airdrop coins) if:
- The Knots UASF attracts a minority of the hash rate (but enough to mine at least some blocks)
and/or
- There is a URSF (user rejected soft fork) to counter it
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Replies (13)
Which will not happen IMO, people especially miners will just ignore this shit π€£
Why should people care about a soft fork that have not 51 % of the hashtate (which would be a 51% attack by the way in that case).
OCEAN would presumably mine the Knots chain.
Who wants to hop on a oceancoin? π
At the activation height, all miners will ask themselves whether they should follow the rules of the soft fork, or stay with the bitcoin consensus rules
Then they'll realise that they should follow the soft fork, because their block will then be valid on *both* chains
So basically, just after the activation height, and just before there really is a split, miners have an incentive to apply the soft fork rules
To counter this, people could create a large number of high-fee transactions with large OP_RETURNs, to encourage miners to reject the fork from the very start
Users and/or miners could also deploy a URSF/MRSF that rejects signaling blocks, forcing the split. (Or maybe just use some kind of invalidate block or check point⦠though I think that might be a bit more iffy.)
They are considering - in some cases - rolling out with any signalling. And so there won't be any signalling to reject
At first, I assumed they would skip signalling entirely, as they would understand a URSF. But I was wrong, they are considering signalling


Yeah I noticed that apparent contradiction as well, but I guess the keyword in the first mention is "lengthy".
Will we be calling this BLV for Bitcoin Lukeβs Vanity?
The BigO coin π¦π€£
All I need to know is, do I get to double my stack π
Depends on the exchange rate between the coins :)
(Some people probably added like +50% to their BTC stack with Bitcoin Cash + Bitcoin Gold + other forks.)
Ha thanks π«‘
I just missed the Bcash fork in my journey. Those would have been the days.
If 51% of hashrate follow their rules, then automatically 100% of hashrate will be on their rules
Then we don't get more coins. All our coins become Bitcoin CashJr coins