BIP-110 Split

[stompix]

What do you know, they are actually going through with the 45 day maturity.
https://github.com/bitcoinknots/bitcoin/pull/419

I'm truly disappointed they should have really gone with a 100-year maturity period, confiscation of all coins, confiscation of all mining gear from unfriendly pools, confiscation of all bitcoins and other altcoins from unfriendly exchanges that are not accepting the "true" bitcoin, takeover of all social media that is hostile against their "bitcoin", force the congress to recognize blake as true bitcoin and Luke as the emperor of mankind, the true one, not the fake from warhammer 40k.

Wonder how many people who are just renting hash are going to be forced to drop off.

The plebs? Like flies!
The evil Chinese miners that luke hates because it made Convoy irrelevant? They can easily cushion that with the 18000 coins they've mined in 20 days, get ready to see alphapool at 75%.

Btw found a website that tracks the so-called monetary value in the chains, don't know how they track this since I won't bother reading all their mumbo jumbo so Bitcoin moved 550k coins yesterday, Blake only 68k, seems like more and more inputs become invalid each day on the blake chain.

[ABCbits]

What do you know, they are actually going through with the 45 day maturity.
https://github.com/bitcoinknots/bitcoin/pull/419

I'm truly disappointed they should have really gone with a 100-year maturity period, confiscation of all coins, confiscation of all mining gear from unfriendly pools, confiscation of all bitcoins and other altcoins from unfriendly exchanges that are not accepting the "true" bitcoin, takeover of all social media that is hostile against their "bitcoin", force the congress to recognize blake as true bitcoin and Luke as the emperor of mankind, the true one, not the fake from warhammer 40k.

I think you missed this part of the PR.

This is intended to satisfy the current consensus, as the first of three steps:

[V] 45 day maturity period (this PR) to make sure side effects (expected or not) are tolerable.
[ ] Extend maturity period to a full year (expiration of RDTS)
[ ] Near the end of the year, withhold rewards for any blocks produced by non-miners (ie, Stratum-to-pool)

Third step is close enough to "confiscation of all coins". Every sane BTCB2 miner who read this part should immediately stop mining and sold any remaining coin they have. But don't worry, i bet we'll see PR to remove all UTXO that is considered as part of arbitrary data/spam TX from UTXO set forever.

[stompix]

I think you missed this part of the PR.
~
Third step is close enough to "confiscation of all coins".

Yeah, I know, that is their 3423th backup plan,  but they didn't implement it. This is why I'm disappointed.
Captagon (guida)  mentioned this numerous times in their Discord, as well as burning retroactively coinbase rewards,  and Luke and the other reatreded in charge did too, I am sure they would want that but they are afraid of doing it.

Also, since I was clearly wrong on the motifs of some of the decisions, this is probably also more aimed at keeping Convoy afloat and grabbing more coins while gatekeeping minor farms without liquidity...

Every sane BTCB2 miner who read this part should immediately stop mining and sold any remaining coin they have.

Their "plebs" are insane!
The migrated sia miners will probably take the gamble!

[athanred]

I am sure they would want that but they are afraid of doing it.

Afraid of what? Who will come to them, and say, that they shouldn't? They now have their own chain, and they can do everything they want. They already ignored a lot of feedback, so it is difficult to break even more things at this point. And if they accept hard-forks as a good way of dealing with the problems, where no forks are needed, then they can do absolutely everything.

Meanwhile:

https://bitfiles.io/btcb2/a1f76295b7c14804cf165813e81b76e25168136ca532169acffc354051f55b71
https://mempool.guide/tx/a1f76295b7c14804cf165813e81b76e25168136ca532169acffc354051f55b71

There is no spam on their chain, right? Right? It is also funny, that as the price per coin is cheaper, than on non-BIP-110 chain, it will be cheaper to push data into their network.

And because everyone, who wanted to sell coins, probably already did it, then there will be only people with some dust, and nothing to do with it, so the only use case would be to burn that into fees. Because for example if exchanges require at least 0.01 BIP-110 coins for withdrawals, then smaller amounts have no use.

[DaveF]

I am sure they would want that but they are afraid of doing it.

Afraid of what? Who will come to them, and say, that they shouldn't? They now have their own chain, and they can do everything they want. They already ignored a lot of feedback, so it is difficult to break even more things at this point. And if they accept hard-forks as a good way of dealing with the problems, where no forks are needed, then they can do absolutely everything.

Meanwhile:

https://bitfiles.io/btcb2/a1f76295b7c14804cf165813e81b76e25168136ca532169acffc354051f55b71
https://mempool.guide/tx/a1f76295b7c14804cf165813e81b76e25168136ca532169acffc354051f55b71

There is no spam on their chain, right? Right? It is also funny, that as the price per coin is cheaper, than on non-BIP-110 chain, it will be cheaper to push data into their network.

And because everyone, who wanted to sell coins, probably already did it, then there will be only people with some dust, and nothing to do with it, so the only use case would be to burn that into fees. Because for example if exchanges require at least 0.01 BIP-110 coins for withdrawals, then smaller amounts have no use.

Afraid of loosing control. Already there is at least 1 pool that is not following the fork.
https://x.com/CTRLpool

I am sure there will be others.

As for the no spam in the chain, we all knew it was going to happen. Waiting for some automated tool to do it with so I can dump a bunch of dust coins and jpgs into their chain.



I do disagree with the everyone who wanted to sell coins has statement. I think for some whales sitting on 100s of BTC it's on the to do list.
But, if you are sitting on 100s you can sell one with just about no effort and get $83k +/- at the moment. To sell lukecoin you have to split it, and then sell in batches (or dump the price to sub $200) and if you have 300 BTC you still don't get the $83k you could have gotten for selling 1 coin.

I think you missed this part of the PR.
~
Third step is close enough to "confiscation of all coins".

Yeah, I know, that is their 3423th backup plan,  but they didn't implement it. This is why I'm disappointed.
Captagon (guida)  mentioned this numerous times in their Discord, as well as burning retroactively coinbase rewards,  and Luke and the other reatreded in charge did too, I am sure they would want that but they are afraid of doing it.

Also, since I was clearly wrong on the motifs of some of the decisions, this is probably also more aimed at keeping Convoy afloat and grabbing more coins while gatekeeping minor farms without liquidity...

Every sane BTCB2 miner who read this part should immediately stop mining and sold any remaining coin they have.

Their "plebs" are insane!
The migrated sia miners will probably take the gamble!

The entire game really seems to be "make luke money" and "give luke control"

-Dave

[stompix]

Afraid of what? Who will come to them, and say, that they shouldn't? They now have their own chain, and they can do everything they want.

I also thought that all this was about ideology and a group of rebels, but day by day it seems they were also about the money, the algo, the difficulty set, the cap on how much the difficulty could rise, it was all about a premine, and, well, money!  So the thing they could be afraid of is people rally dumping it, again, freezing the coins hurts Alphapool and other mines, it doesn't hurt Luke and Convoy as they own that, all they have to do is entertain plebs for 45 days and keep the price above profitability rates on the exchanges.

If Luke/Convoy mine with his own gear, he can leverage with the coins mined as long as the price is over $50, any miner quiting is one less competitor, evey frozen coin is one coin less dumped to keep the price up.

Also, seems like somebody is spamming JPGs on the blaketard chain, grabbing popcorn! 

The entire game really seems to be "make luke money" and "give luke control"
-Dave

Yup, and it pains me to admit but I was wrong all the way thinging it was something else, maybe some of their hardcore fans truly believe it's about the monetary system and the plebs but nope, this is a fools milking money scheme!

[athanred]

Waiting for some automated tool to do it with so I can dump a bunch of dust coins and jpgs into their chain.

I already linked you one of the tools, this page has an "upload" button. If you don't trust this website with dust coins, then you can build it from source code, and run it locally: https://github.com/bitfiles-io/bpub

Also, they support even testnets. Another thing is you can download JSON file with all details, before actually sending the coins, and verify everything manually, if you want to, or replace their autogenerated private key with your own.

Of course, if Knots developers will decide to block 1-of-15 multisig, or other things like that, then people will switch to other methods. Because you never know, if something will be blocked in the future or not. They blocked harmless P2PKs, even though they are always smaller than 80 bytes, but they allow OP_RETURNs of that size. I don't fully follow their logic, if there is any.

Some example: https://bitfiles.io/btcb2/898c9c3e8bad6604e7be8b9d8c0dabbf4a6e7e3853b0354484d8ce19176b199d

For some reason, this transaction seems to be perceived as less spammy than P2PK, even though using P2PK would actually make it smaller, when it comes to the total number of bytes pushed on-chain. Which was also funny, when I used P2PK to split coins: transactions on non-BIP-110 chain actually took less bytes, than on BIP-110 side.

[DaveF]

Waiting for some automated tool to do it with so I can dump a bunch of dust coins and jpgs into their chain.

I already linked you one of the tools, this page has an "upload" button. If you don't trust this website with dust coins, then you can build it from source code, and run it locally: https://github.com/bitfiles-io/bpub
...

My bad did not see that.
Guess I know what I am going to be doing later this week.

-Dave