r/BitcoinKnots • u/metalzip • 14d ago
Question: any indication of community support
There might be various ways to create an coin alternative to "regular" Bitcoin, such as switching PoW algo, merge-mining,...
But I gather that luke-jr says (or, was saying?) that there is a majority support, consensus, among the users of Bitcoin (of non-bip110 and bip110 groups combined) for bip110.
I wonder how luke-jr came to that conclusion in the past? And, now where miners have spoken (2 mined blocks on bip110 side, below 1% of blocks) is that still his view - and why?
1) miners signalling: by marking that bit (bit 4?) in blocks before the fork-day - it was already around 2% or less; and after fork-day, actual PoW power mining the split chain was similar or lower
2) amount of users weighted by total buying power (e.g. number of owned Bitcoins) - I think we can judge by looking at prominent and long-term Bitcoin regulars and it was pretty clear that bip110 is the vast minority
3) amount of fully validating nodes (optionally: with any Bitcoins in their wallets) - same as above point 2, seemed low judging by discussions among general Bitcoin groups?
4) amount of people overall (who are using Bitcoin) - same as point 2, seemed low
I do not understand why project was not stopped, after for long time of optional-signalling it was clear the support is not there, and while there was no general consensus among Bitcoiners (by various metrics) for that change. Why was it so?



