r/BitcoinKnots

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?

As the founder of this community, I wanted to share a personal update and clarify my stance on the recent developments surrounding BIP-110 and the direction of the project.

Historically, my support for Bitcoin Knots was based on its approach to enforcing stricter node policies, not fundamentally altering consensus rules. That policy-focused approach was the core vision of Knots prior to BIP-110. Now that BIP-110 has failed to gain traction, Luke Dashjr appears to be moving toward a distinct forkcoin, a path I personally do not agree with or support.

Because of this shift in direction, I will be stepping back from my active role here. I will no longer be routinely posting or moderating the subreddit, though I may check in from time to time.

This community remains open for everyone. You are all completely free to continue discussing BIP-110, potential forks, or any other related topics here as you see fit. However, given the latest course of action, I can no longer actively guide or manage the group.

Thank you to everyone who has contributed to the discussions here over the years.

BIP-110 crashed and burned. But look on the bright side - we now have >20,000 Knots node runners or 15-20% of the network. Last year it was like what, 2%? And my feeling going in and coming out of this debacle is the vast majority are not going anywhere.

Hold the line and let’s keep Core in check and keep Bitcoin money. It’s a dark day, but dust it off. There’s plenty of work to do.

Soy tx has been stuck for 4 hours. Any ideas?