BIP 110 fork threat is highly unrealistic
The speakers argued that the BIP 110 soft fork proposal is highly unlikely to succeed or disrupt the legacy Bitcoin network due to a lack of genuine miner and economic support.
The argument
The guests pointed out that BIP 110 signaling is extremely low compared to its 55% activation threshold. Furthermore, they argued that institutional miners would shut down their rigs or switch pools rather than participate in what they perceive as a 51% attack on the network.
The thesis, stress-tested
✓ What validates it
- ✓BIP 110 signaling remains near zero in upcoming difficulty periods
- ✓Major public miners explicitly state opposition to BIP 110
▸ Risks discussed
- ▸Regulatory coercion of major US mining pools like Foundry
- ▸Potential short-term network disruption if a pool is forced to signal
AFFILIATE LINK · ZORTIX MAY EARN A COMMISSION · NEVER A RECOMMENDATION TO TRADE