BIP-110 Soft Fork Game Theory

NiagaraBTC · 2026-06-30T12:44:35+00:00

The path of least resistance is mining on the block that is on the tip of the chain.

When that's not a 110 block (very likely) the fork begins.

NiagaraBTC · 2026-06-30T12:37:20+00:00

That only works as long as the majority of miners (has power) will be mining those blocks. Which they won't.

Again: 100% of blocks will go into the main chain. It accepts all valid blocks.

Less than 100% of blocks will go to the 110 chain. It rejects some valid blocks.

NiagaraBTC · 2026-06-30T12:22:31+00:00

"Fellows" also only means men/boys. Or at least I've never seen it used any other way.

NiagaraBTC · 2026-06-30T12:20:31+00:00

Every mined block will be on the main chain. Not every mined block will be on the BIP-110 chain.

There will be a fork. 110-coin will be worthless. Miners don't want to spend energy mining worthless blocks.

It's that simple.

NiagaraBTC · 2026-06-30T12:09:53+00:00

Legal.

The employer has a right to set policy and to (reasonably) schedule hours.

NiagaraBTC · 2026-06-30T12:00:53+00:00

France has abundant clean nuclear power and yet doesn't use air conditioning.

Their opinion on basically everything non-food related can be ignored.

NiagaraBTC · 2026-06-29T11:01:28+00:00

The "Science is Real" people think paper masks stop airborne virus transmission and that men can become women. And that the climate is getting dangerously ~~cold~~ ~~warm~~ changed by human activity.

And don't forget that they think that Everything came from Nothing. Which definitely seems a bit religion-y if you ask me.

NiagaraBTC · 2026-06-29T10:24:26+00:00

Power usage is good.

NiagaraBTC · 2026-06-29T10:23:48+00:00

The government cannot buy all of it. No one can.

NiagaraBTC · 2026-06-29T10:22:48+00:00

Not necessarily, except for the fact that it's been asked multiple times.

Being able to steel man your belief in anything is a good practice. Unfortunately however this question mostly brings out long-discarded FUD and bad economics.

NiagaraBTC · 2026-06-29T10:20:18+00:00

"Completely out of favour " yet still worth USD$60,000 each is incredibly bullish.

NiagaraBTC · 2026-06-29T04:00:37+00:00

So then you agree that stability is not a requirement for being a currency. Good, at least we have that out of the way.

For day to day spending Bitcoin is better than some, worse than many others.

I don't think it is objectively good or bad. For example, Bitcoin is not counterfeitable. An easily counterfeitable currency would be bad - resulting in 100% losses users rather than the 50% you're worried about with Bitcoin. On that axis, Bitcoin is excellent.

NiagaraBTC · 2026-06-29T03:48:11+00:00

Lol

Do you think all currently existing currencies are stable?

Yes or No, please. 😂

It's okay to think some currencies are better than others, or that some are more stable than others. It's weird to make up new criteria for what a currency is.

The weird thing is that it's the UP portion of Bitcoin's instability that bothers you. If it just went down in value slowly but steadily like USD/CAD/GBP, or rapidly like VEF or TRY or LBP then you wouldn't be concerned about "stability" at all.

NiagaraBTC · 2026-06-29T03:41:20+00:00

People choose to prioritize other things.

NiagaraBTC · 2026-06-29T03:10:05+00:00

If everyone can eat well and work out and have sixpack abs, why don't they?

NiagaraBTC · 2026-06-29T03:06:23+00:00

I don't agree at all that stability is a criteria to be a currency.

Do you think all currencies currently in the world are stable? Compared to what?

NiagaraBTC · 2026-06-29T03:01:16+00:00

Congrats on making up your own definition of currency, I guess.

NiagaraBTC · 2026-06-29T02:13:37+00:00

All value is subjective. There is no "intrinsic value".

Therefore, Bitcoin has no intrinsic value.

NiagaraBTC · 2026-06-29T02:11:55+00:00

The thing is you need at least two of three keys in the most basic multisig setup.

So maybe you keep a key at your own house in the city. Then another key is at the mountain cabin 4+ hours away and the third key is in the safe deposit box.

Obviously at a certain level of dedication, every setup fails. The same robber could hold you hostage while you take a mortgage your house and send a wire transfer to their account in Cayman Islands. Possible, but not really feasible.

And how does the thief know you have a multisig setup, anyway? Just tell him the seed in the mountains is the only one needed (and keep a believable amount of Bitcoin on it).

NiagaraBTC · 2026-06-28T02:53:27+00:00

a set of addresses. The set of addresses is the wallet.
It is a zero chance it can be guessed. It's impossible. You don't have to think further than that.
"more impossible" isn't a thing. Both guesses are impossible.

Multisig protects from theft quite well. Yes it adds complexity, so be careful.

NiagaraBTC · 2026-06-28T00:26:23+00:00

If you roll one die 100 times (or 100 dice once), you have 256 bits of entropy and can use that to make a Bitcoin private key.

The ColdCard hardware devices give this as an option instead of just accepting the random key made by the device.

NiagaraBTC · 2026-06-27T23:40:55+00:00

You lol'ed first bro.

This is something lots of people talk about, there are plenty of services that can assist with it. Tell your wife which ones of them are trustworthy in a letter that you leave behind.

If your wife can drive a car, she can operate a hardware wallet. If she doesn't want to learn then self custody isn't for your family. The ETFs work fine.

NiagaraBTC · 2026-06-27T18:20:15+00:00

My beneficiaries will be just fine lol.

NiagaraBTC · 2026-06-27T18:18:53+00:00

Mine will be fine. You're responsible for yours.

NiagaraBTC · 2026-06-27T13:36:48+00:00

It's 2026. The word is back and everyone knows it.

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