Why BIP-110 Was Dead on Arrival w/ Chris

<p>Bitcoin nearly split in two. On BIP110 activation day, a chain split actually happened — and almost nobody noticed. Coinjoined Chris (Seedor, Bitsurance) joins me to break down what BIP110 really was, why it was dead on arrival with under 6% real node support and near-zero hashrate, and what it teaches us about how consensus in Bitcoin actually gets decided. We go deep on fake pubkeys, OP_RETURN limits, relay policy vs consensus, the OP_RETURN spam wars since 2023, mining pool centralization, and why the &quot;economic node&quot; — not one-node-one-vote — is what really matters. If you mine Bitcoin but never think about what your hashrate is actually securing, this one&#39;s for you.</p><p><br></p><p>👤 Guest: Coinjoined Chris</p><p>X: https://x.com/coinjoined</p><p>Seedor (seed backup / self-custody): https://seedor.io</p><p>Bitsurance (Bitcoin insurance): https://bitsurance.eu</p><p><br></p><p>Timestamps:</p><p><br></p><p>0:00 Intro &amp; who is Chris?</p><p>3:22 The origins: NFTs, JPEGs &amp; 2023 fee spikes</p><p>5:34 Information theory &amp; fake pubkeys</p><p>7:30 UTXO bloat &amp; node centralization</p><p>13:18 Counterparty &amp; what a node actually does</p><p>17:35 Consensus rules vs relay policy</p><p>22:43 DoS protection &amp; who sets node defaults</p><p>24:14 Sponsor: Altair Technology</p><p>24:51 OP_RETURN limits &amp; node implementations</p><p>28:16 2023 spam onslaught &amp; the push to change consensus</p><p>32:11 The &quot;garbage can&quot; argument &amp; the anti-spam steelman</p><p>34:52 The bell curve &amp; what consensus really is</p><p>37:25 Signaling: node counts, sockpuppets &amp; prediction markets</p><p>39:47 BIP444 → BIP110: cramming in the changes</p><p>44:15 Does the market even understand consensus?</p><p>48:12 Under 6% support &amp; why capital isn&#39;t your voice</p><p>52:36 Ossification &amp; the golden-rock debate</p><p>53:44 Sponsor: Luxor</p><p>55:59 BIP110 mechanics &amp; what &quot;activation&quot; means</p><p>59:37 Cooldowns, &quot;longest chain&quot; vs most chain work</p><p>1:03:05 Activation day: the network splits live</p><p>1:06:28 Roughnecks &amp; the block race that stalled</p><p>1:09:05 Pool power, centralization &amp; OFAC censorship</p><p>1:11:38 Stratum V2, Foundry &amp; why miners don&#39;t care</p><p>1:14:41 The economic node: not one-node-one-vote</p><p>1:17:35 What we learned &amp; what&#39;s next (BIP54)</p><p><br></p><p>🛠 Sponsored by:</p><p>Altair Technology — ASIC hardware, replacement parts &amp; mining infrastructure</p><p>Code: HASHRATEUP</p><p>https://altairtech.io/aff/125/</p><p><br></p><p>Luxor — Mining software, firmware &amp; hashrate tools</p><p>https://luxor.tech/</p><p><br></p><p>📊 HashrateUp Hardware Deals: https://t.me/hashrateup</p><p>📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/</p><p><br></p><p>#BitcoinMining #BIP110 #ChainSplit #BitcoinConsensus #SoftFork #OPRETURN #Ordinals #NakamotoConsensus #MiningPools #Bitcoin #HashrateUp</p>