not signal for the BIP-110 soft fork.
That's right, it is a soft fork not a hard fork as your title says. It is causing a chain split (or more accurately: they are going to fork off) because it has very little to no support.
BIP-110 users saying if miners don't support them then they are gonna brick their mining rigs and make bitcoin into POS Proof of Stake not POW Proof of Work.
If these people had any mining rigs, they would have signaled for it and the hashrate supporting this malicious fork would have had higher percentage support.
So this will be like 2017 where it was Bitcoin Vs Bitcoin Cash?
Yes, but it is somewhere between bcash and BIP-148 both of which were malicious since they broke one of the most important Bitcoin Principles which was consensus.
So what do we call these 2 chains in the upcoming split?:
- BTCF Bitcoin Filtered for BIP-110 Or
- BTCU Bitcoin Unfiltered for the bitcoin now.
Bitcoin is Bitcoin, there is no need to come up with a new name. Anything that forks off is a shitcoin and it is best if we categorize
all of them with the same name: shitcoin or copycoin.
I also don't like using "filtered/unfiltered" terms since they are misleading and to some extent wrong. Maliciousness of BIP-110 is NOT because it is trying to introduce a so called "filter", it is because it is trying to force it on the network without reaching consensus (the >90%-95% support), exactly why I've always called BIP-148 a malicious attempt even though it was pushing SegWit.
But Bitcoin core argument to this is bitcoin is decentralized free for anyone to use the btc blockchain on how they like kinda like free speech so if a btc user wants to upload dodgy content to it then there's nothing stopping them that truly proves decentralization but BIP-110 users say they don't want to risk downloading this junk on their computers that takes up their hard drive space and go jail.
That's bullshit arguments and if we go down that path then it is very easy to make the same arguments about bitcoin core and it performing heavy "censorship" since core rejects a lot of transactions as non-standard...
So which chain will you choose and which chain will you sell your duplicate coins on?
Isn't it obvious? A malicious fork that only has 2% support is not something to even think about. It may not even come to existence.
