JackTheMimic's avatar
JackTheMimic 2 weeks ago
That's not how that works. Nothing gets "unmined" The scenario ODELL is trying to describe is if no one supports BIP110 that chain stops because of so many invalid transactions on the main chain then miners switch completely to BIP110 and mine literally tens of thousands of blocks faster than everyone else can mine a single block on the main chain. I hope I don't have to describe how improbable that outcome is.

Replies (4)

I was under the impression that that is what Luke has said he wants to do? That they only need a few percent of miners to get this going. I will be honest here, I probably do not pay enough attention to all the details here. Some of my objections to BIP110 is the "rush", and the proponents trying to incite panic and fear. And it also being "temporary", which to me sounds like the opposite of sound money.
JackTheMimic's avatar
JackTheMimic 2 weeks ago
I don't think a flagday activation is smart. If a majority of nodes and hashpower like these restrictive consensus policies, thats just how consensus works. Fear is being utilized everywhere. "Aren't you afraid that the Knotzis are going to chainsplit?" "Aren't you afraid of CSAM on the blockchain?" "Aren't you afraid that BIP 110 opens the door for governments to control bitcoin by pushing a softfork?" "Aren't you afraid that your node will have to be a super computer to even validate transactions?" Everyone is being a fear monger. Sift through the noise and find the truth.