average times in a bear market don't mean much
You will see, if it matters or not, when instead of one block per 10 minutes, BIP-110 chain will start producing one or two blocks per day.
You can literally lose money waiting for your TX's to confirm.
You will lose more money, by not being able to transact at all, than by being outpriced by higher fee transactions. Not to mention, that BIP-110 supporters don't want to use things like anchors, which could help with that. And they don't want to use testnets, to check, what could happen, when they would start blocking certain kinds of transactions.
Especially when sending to an exchange (Coinbase, Kraken, etc) which requires at least three confirmations.
Good luck getting three confirmations on BIP-110 chain. Because it will take a while, unless they change the code.
The author of BIP110 is anonymous.
Of course Dathon Ohm is not Luke DashJr. Really, there are at least two forks planned, and at least Paul Sztorc attached his name to his proposal, even though I don't like, how he wants to activate his chain. It would be much better for Luke, if he would also have the courage to be at least a co-author of all of that.
just because Luke said once or twicebtgat he things smaller blocks would be a good idea, he fully understands that there would be no traction for it
Why not? Only Knots will support BIP-110. People, who disagree with Luke, will just ignore all of that. And when only BIP-110 supporters will be there, then there would be no reason to lift any BIP-110 restrictions, and it would be much easier, to activate next changes, because those, who disagree with them, will land on a different chain, when BIP-110 will activate, so there would be nobody, opposing any such things anymore.
And he is extremely unlikely to actually attempt it.
By having a chain, which is mainly supported by Knots, he will have a chance to make it. Waiting too long will only diminish his chances of making it happen.
I think it would be nice to revert to 1 MB blocks
All that is needed to reach it, is to simply convince miners to produce smaller blocks. The only consensus rule is that the coinbase transaction has to be there. Producing even empty blocks is compatible with BIP-110 chain. Just like Luke attacked CoiledCoin, someone may decide to do the same with his BIP-110 chain, if it would be profitable to play with it, and mining empty blocks with the message:
LukeCoin now closed. Have a nice day.
and your previously enjoyed 99% nodes monopoly
There are many users, pretending to run Bitcoin Core, for privacy reasons. Or running Bitcoin Core, and activating a different software on top of it, just like Paul Sztorc did. There are also many browsers, which pretend to be Firefox on Windows, even if it is Tor Browser on MacOS in practice. It is just an User Agent string, which is trivial to change. You can have Core, Knots, or whatever, and easily change it to say, that it is Core, because it lets you hide in a bigger crowd.
As long as you don't have a proof, that a given computations are done by some other computer, then you don't know, what software is really running there. You can only guess, and estimate.