BIP-110: The Future of Bitcoin's Monetary Value

So if you really dig into Bitcoin, it’s clear that it's the users who decide what software runs... miners and devs are kinda secondary.

Exactly. If most users back BIP-110 and miners don't go along, we could end up with two different Bitcoins. And then what? Both sides will claim they’re the real deal.

Yeah, but honestly, it’s all speculation. Who knows what’ll happen? A chain that’s 50x slower can’t exactly be called effective, right?

From an economic view, monetization takes ages. Austrian economics is clear: people go for what they think benefits them. So, money is chosen based on its features... store of value, means of exchange, etc.

Look at BCH they bumped the block size and it didn’t work out. It’s still around but really just another altcoin now. And BIP-110 feels like it’s doing the same.

Seems like some folks don’t really get Bitcoin and the whole monetary premium thing. It’s less about tech and more about economics at the core.

Would anyone actually keep their wealth on a chain that can’t produce blocks regularly? Like, one block every few days? That's just not feasible.

I think we’re just not on the same page here. I caught a video about BIP-111 and it made me realize... it's more of a soft fork. Totally different vibe compared to a hard fork.

Right, soft forks only work if the miners are in support. If they’re against it, then we might see a split for sure. Users will need a new group of miners or go solo.

BIP-110 really doesn’t align with Bitcoin’s goal of removing third-party judgment. That’s what makes it valuable. Without that, it’s just another flawed money.