Rob Wallace | Bitcoin NewsBitcoin could split in 15 days. And most people have no idea what that actually means for their stack.
Wicked Smart Bitcoin and Portland Hodl join the show to give you the most clear-eyed, technically grounded breakdown of what is happening with BIP110, what you need to do before August 8th, and why both of them think this fork is going to fail miserably — and why that is actually bullish for Bitcoin.
Here is what we cover:
• Should you move your Bitcoin around August 8th — the practical answer with no hype
• The single most important distinction in this entire debate: policy vs consensus, and why most people arguing about it have never had it explained clearly
• Why Bitcoin Core version 30 changed the rules at school but did not change the laws of physics
• The eight rules of BIP110 broken down one by one — which ones are fine and which ones Wicked calls his deal breakers
• Why the 55% activation threshold is almost comically low and why it almost guarantees a chain split
• Why stopping spam on Bitcoin is a cat and mouse game you can never win at the consensus level
• The role of fees as the only real defense against spam and why monetary adoption is the long-term answer
• Whether we will see an airdrop of BIP110 coins and where you could even sell them if we did
• Why Portland says we will know within the first hour of mandatory signaling whether this fork succeeds
• Who actually governs Bitcoin and what this fight reveals about how consensus forms and fails
• Why BIP110 failing would be one of the most bullish things that could happen for Bitcoin right now
This is the calmest and most technically grounded conversation you will find on this topic anywhere.
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Bitcoin News is not a financial adviser. All opinions expressed by us or our guests in these videos is for informational purposes only, and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances.