Emergency Bitcoin Soft Fork
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In this video, I discuss what a reactive activation of BIP-444 could look like. It would be a contentious soft fork that attempts to reorg out a recently mined block that contains a large CSAM op return, while imposing strict anti-spam rules on subsequent blocks.
I think it's unlikely that MARA or Foundry would choose to mine on CSAM-chain. This would lead to rapid capitulation by Chinese mining pools as well, and a healing of the chain split-- with the non-CSAM chain winning.
If we allow a CSAM block to get buried too deeply in the chain, such that it can no longer be reorged out, then a hard fork would be required to surgically remove the offending block. Once you do a hard fork like this, Bitcoin becomes much more like Ethereum-- as the world realizes that the ledger is not immutable, because Bitcoiners are willing to change it.
Let's do a proactive soft fork to limit arbitrary data at the consensus level before it's too late and we're forced to do a reactive soft fork.
Not investment advice! Consult a financial advisor.
Bitcoin Soft Forks, Hard Forks
https://www.youtube.com/watch?v=Gi5nOB0oobI
BIP-444:
https://github.com/bitcoin/bips/pull/2017/files
"If someone mines CSAM, BIP 444 will activate to reject that block":
https://x.com/lukedashjr/status/1983294294388838477
Reorganization:
https://river.com/learn/terms/r/reorganization/
https://mempool.space/
Bitcoin Core 30 nodes are now 8% of the network:
https://bitcoin.clarkmoody.com/dashboard/
Nick Szabo comments on archival nodes and CSAM:
https://x.com/NickSzabo4/status/1980877427875434882
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#fork
#Core
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