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Sure there is 'no risk'... but a lot of plebs don't know that. They don't even know that once September approaches the bip-110 will 'auto-activate'... and their nodes will have different rules from the vast majority of miners. There could easily be a 'hard-fork'... and any transactions they make could easily leave their utxos vulnerable confusing their view of the entire network.
My understanding is that 110 nodes once "active" will sever connections with core nodes putting them on a new network leaving 'their new' network incredibly vulnerable - it is a terrible idea and creates 2 tokens.
Influencers IMO are leading plebs down a dark path they are not accurately explaining.
buying is better but those days the only option is a small 2 bedroom apartment, lowering the time preference is the key.
liber-ty comes from both "book" and "free" - implying freedom through literacy; responsibility roughly means "ability to respond" - literate people can be responsible thru literacy and/or common sense;
otherwise one may look for some sort of script - there is no shortage of recommendations & even legal mandates on how to behave; outsourcing responsibility to a script goes along with giving up literacy, hence giving up freedom; even empathy & sympathy become scripted responses;
I have a friend from sardinia and her grand-father is over 100 years old driving and living like a 70 yo individual. He was always a muratore, very physical job, fought in WW2. IMO opinion is not only the diet, but living in a small town not working 9to5 in an office and physical work helps a lot.
Hard fork means that new blocks are invalid by the old rules. Bip110 is a soft fork.
In case of a chain split you will not lose any coins on any side of the split. If you don't make any transactions you can wait and see which chain will be the one accepted by the people. No risks here.
Friend it will result in a hard-fork, it is not needed, it increases risks for plebs, it doesn't know the problem it is trying to solve (low block-space utilization), and most importantly you could easily end up on the wrong side of a hard-fork which is coming for bip-110 users.
Most users are better running Core on default settings, getting a lightning wallet and using those everywhere they possibly can to educate people on what Bitcoin is.
sublime work @sox
These 2 images give me hope, and they are the reason I believe in Bitcoin.
One is a place to spend it, and the other a censorship-resistant evidence of people trading it, moving it, and spending it with full blocks.
No Knots needed, no bip-110 just economic incentives to move Money around...
This is why eventually our entire civilization will use Bitcoin despite the tremendous lack of education today.
I agree that the BIP-110 approach is not perfect. I would prefer a removal of the witness discount. But I am also not going to oppose BIP-110, since it would still reduce inscription spam.
Then, outside of treating the 'segwit' discount (which bip-110 doesn't even address) OR simply reducing the blocksize (which is obviously much simpler...)
What is the point of Bip-110? This is why I don't use knots or support bip-110. They don't really know what they are trying to solve.
I like reading everything @ek writes, so I’m excited to see that he’s back at it. I hope and assume there will be more where this came from.
Wow, almost didn't read this because I thought I was pinned because of my old poem. Thank you for the nice words!!
There's more where that came from, but I don't know when it will see the light of day. I struggle to find time to write while getting into protocol development :/
I also find my own writing quite boring; I think I'm mode collapsing as described by Henrik Karlsson here. I want to change what I write or how I write, but change does not come naturally.
25 years.