Roundtable_024 - The Aftermath

<p>The roundtable is back, but we're missing a familiar face. Mechanic has officially stepped down from Ocean, so it’s just Jeff, Steve and I digging into the aftermath of BIP110, from why the soft fork failed to what Luke and Mechanic’s departure means for Ocean and Bitcoin Core’s influence.</p>

<p>We debate whether the real existential risk is block-template centralization, how much BIP110 helped or hurt Knots and Ocean, and why some of us think the strategy overplayed its hand. We close with a wild proposal to pressure Coinbase into proving reserves using their wrapped BTC token, and what true Bitcoin “bank runs” might look like in the future.</p>

<p><strong>Chapters</strong> </p>

<p>(00:00:00) - Introduction </p>

<p>(00:04:48) - The BIP-110 aftermath </p>

<p>(00:16:13) - Mining decentralization versus spam filtering </p>

<p>(00:22:56) - Tapscript, OP_IF, and breaking consensus rules </p>

<p>(00:30:31) - The importance of Stratum V2 and block templates </p>

<p>(00:53:09) - Mining economics on the BIP 110 fork chain </p>

<p>(01:11:29) - The Coldcard incident and state-sponsored attacks </p>

<p>(01:31:57) - Force proof of reserves on Coinbase </p>

<p>(01:44:32) - The Great Consensus Cleanup </p>