Jzpx7Gg

A digital plumber

Last Notes

2026-08-13 19:46:22 UTC

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You are basically defending proof of stake, "I invested x in mining so I matter x and node plebs (users) don't matter",
The issuers rules, just like in Fiat.
Enjoy your MinerCoin!
Looking forward to when you guys decide halvings should be optional, and 21M is not enough...
Just curious, what was so bad of BIP110? Did you dislike the limit of 83 bytes on op return? (Which was inplace practicality til yesterday)
The block to avoid op false op if? Why? Well I guess bloat alings with miners incentives

2026-08-13 07:17:59 UTC

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Nothing is good. I have not much faith on a new chain fixing this. Decentralization death might be permanent.
You are recognizing yourself that the final decision was in the hands of miners. They decided what you wanted this time, good for you.
Opposers to bip110 told us it was moot because miners were in charge and node plebs did not matter. We did not want to believe it, but on Saturday they were proven right.
So the question is, how decentralized is a miner ruled coin?
You still have not awnser that
Nobody has, because the answer is both obvious and scary

2026-08-12 20:07:35 UTC

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The softfork dynamics worked that way, at least they did in 2017 when segwit activated and the big blockers got defeated. If you had some support and no opposition therefore non colluding miners are incentiviced to obey and avoid their blocks getting rejected by part of the network, which could lead to losing mined blocks, if most miners behave in the safest way for them individually.
That is why Saturday told us they colluded, it is the only logical explanation.
The only way for bip110 to be rejected properly is by URSF run by node runners, which would signal miners they will get their block rejected if they go for the softfork (when the URSF has an edge over the UASF)
That is the way node runners would enforce their control on the network evolution, but supporting or rejecting explicitly.
If you defer to miners and they collude, you are in a network whose rules are controlled by the same that issue the coin, not the users. If that sounds familiar, it is how the Fiat system works in essence.
If you don't believe Saturday litmus test, don't worry, there will be others. But they will not do it in a hurry, unless they are stupid. They will boil the frog slowly. Eventually you will see them pushing for relaxing halvings, tail emissions, etc

2026-08-12 18:23:44 UTC

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But core ones get automatically accepted.
You delegated to miners, and you don't get what their collusionmeans yet.
I am not saying the fork might work. I am saying bitcoin is ruled by a handful of miners, and that is effectively the death of bitcoin as a decentralized permissionnless network.
Bitcoin shitcoined itself