BIP-110 Split (continued)

[stompix]

So, finally starting to crumble?

I just briefly checked their Discord, it seems like they are all over the place with how they want to govern it, and seemly Luke has a contrary opinion..
Might it be that he and Convoy have bot a ton of miners and the punishment proposal would punish him also?
Quite funny the most "centralized" mining pool is Convoy itself, lol!

But, I have to admit, some of the tools they have are funny:
https://cesspool.lol/

Last 24 hours 64.37%  of block space taken by sewage

[LoyceV]

So, finally starting to crumble?

The price isn't worth the effort of moving my coins anymore. In cases like this I always regret my offline setup that doesn't allow to act quickly.

[DaveF]

So, finally starting to crumble?

The price isn't worth the effort of moving my coins anymore. In cases like this I always regret my offline setup that doesn't allow to act quickly.

I would move them anyway. This way if the price does go back up then you are ready to sell. Otherwise you may miss it if the price spike again.

So, finally starting to crumble?

I just briefly checked their Discord, it seems like they are all over the place with how they want to govern it, and seemly Luke has a contrary opinion..
Might it be that he and Convoy have bot a ton of miners and the punishment proposal would punish him also?
Quite funny the most "centralized" mining pool is Convoy itself, lol!

But, I have to admit, some of the tools they have are funny:
https://cesspool.lol/

Last 24 hours 64.37%  of block space taken by sewage

Except for the person who keeps posting the same images in the blocks time after time I don't see anyone else really doing anything.

As for everything else. Luke probably got a bunch of money from all the things he has been doing with the coin and at this point probably does not care that much. I could be wrong but who knows.

-Dave

[LoyceV]

I would move them anyway. This way if the price does go back up then you are ready to sell. Otherwise you may miss it if the price spike again.

You're right, but I'm just thinking about the amount of work to securely create new storage plus backups. It's one of the things I really don't enjoy doing.

[DaveF]

I would move them anyway. This way if the price does go back up then you are ready to sell. Otherwise you may miss it if the price spike again.

You're right, but I'm just thinking about the amount of work to securely create new storage plus backups. It's one of the things I really don't enjoy doing.

Do you really need to do all of  that? Not knowing your setup.

In theory all you need to do is move your coins with a TX that would not be valid on the 110 chain. Then you wait. If 110 goes up then you just import the old keys into a 110 client and send them off to an exchange.

-Dave

[LoyceV]

Do you really need to do all of  that? Not knowing your setup.

Being paranoid in my offline storage has served me well so far, so I like to stick to my annoying labor intensive system

[pooya87]

I would move them anyway. This way if the price does go back up then you are ready to sell. Otherwise you may miss it if the price spike again.

You're right, but I'm just thinking about the amount of work to securely create new storage plus backups. It's one of the things I really don't enjoy doing.

You can always derive a different set of keys from your seed using a passphrase. Like adding the "BIP-110" passphrase to your existing mnemonic to derive the keys you would use for BLuke. If your seed is strong, then it won't matter if your passphrase is weak and you won't really need to create new backups. What you have will continue to work, just remember the simple passphrase.

Apart from that, I agree that BLuke is hardly worth the effort needed to claim it. 0.003BTC for every full BTC only makes sense if you have a large amount of coins in which case you are a billionaire, it still is not worth it

[stompix]

Do you really need to do all of  that? Not knowing your setup.

Being paranoid in my offline storage has served me well so far, so I like to stick to my annoying labor intensive system

This was my take and the reason why I only moved half a coin to Neoxa, and it was one price when I decided, one price when I actually moved the coins, another price when I sold, all lower and lower, at $300 it starts relly not being worth the hassle. Probably this is also the main reason why not so many people have dumped their lukecoins, with the other being the shady exchange, but, if it were the other way around, a way to move your lukecoins without them being replayed on the bitcoin chain more bagholders would have sold already.

Well, since they seem keen on freezing 90k rewards coins for the next 180 days maybe the price will spike a bit to make the effort worthwhile, of course, temporarily, with that tiny liquidity.

[LoyceV]

~but, if it were the other way around, a way to move your lukecoins without them being replayed on the bitcoin chain more bagholders would have sold already.

Allow me to nitpick inverse this for security reasons: I'd never move any Forkcoin without first moving the real Bitcoin to safety, so it's the Forkcoin that's replaying the Bitcoin transaction.

[stompix]

~but, if it were the other way around, a way to move your lukecoins without them being replayed on the bitcoin chain more bagholders would have sold already.

Allow me to nitpick inverse this for security reasons: I'd never move any Forkcoin without first moving the real Bitcoin to safety, so it's the Forkcoin that's replaying the Bitcoin transaction.

Ok, hate to admit, but I don't get it!
You say you don't move any shitcoin before moving the Bitcoins so safety, so meaning that the Bitcoin transaction is imposible to be validated on the shitcoin chain, with invalid dust for example like I did. Why did you say that it's the fork chain that's replaying the transaction when that is not what is supposed to happen? 

[LoyceV]

Ok, hate to admit, but I don't get it!
You say you don't move any shitcoin before moving the Bitcoins so safety, so meaning that the Bitcoin transaction is imposible to be validated on the shitcoin chain, with invalid dust for example like I did. Why did you say that it's the fork chain that's replaying the transaction when that is not what is supposed to happen?

I think you're overthinking it If you create a standard transaction that sends an old Bitcoin UTXO to a new address, that transaction can be replayed on the Forkchain. To avoid that, I'd get some dust input that doesn't exist on the Forkchain, and add that to the transaction. Any centralized exchange should probably be good to get some clean (as in: "no Forks attached") Bitcoin dust.

[DaveF]

And not that it matters, but they have now setup their own development mailing list (google) and BIP repository (github)
So they can now pollute their own mess and leave the rest of us alone.
Not that they will stop coming around, but we can hope.

-Dave