
Bitcoin nearly split in two. On BIP110 activation day, a chain split actually happened — and almost nobody noticed. Coinjoined Chris (Seedor, Bitsurance) joins me to break down what BIP110 really was, why it was dead on arrival with under 6% real node support and near-zero hashrate, and what it teaches us about how consensus in Bitcoin actually gets decided. We go deep on fake pubkeys, OP_RETURN limits, relay policy vs consensus, the OP_RETURN spam wars since 2023, mining pool centralization, and why the "economic node" — not one-node-one-vote — is what really matters. If you mine Bitcoin but never think about what your hashrate is actually securing, this one's for you.👤 Guest: Coinjoined ChrisX: https://x.com/coinjoinedSeedor (seed backup / self-custody): https://seedor.ioBitsurance (Bitcoin insurance): https://bitsurance.euTimestamps:0:00 Intro & who is Chris?3:22 The origins: NFTs, JPEGs & 2023 fee spikes5:34 Information theory & fake pubkeys7:30 UTXO bloat & node centralization13:18 Counterparty & what a node actually does17:35 Consensus rules vs relay policy22:43 DoS protection & who sets node defaults24:14 Sponsor: Altair Technology24:51 OP_RETURN limits & node implementations28:16 2023 spam onslaught & the push to change consensus32:11 The "garbage can" argument & the anti-spam steelman34:52 The bell curve & what consensus really is37:25 Signaling: node counts, sockpuppets & prediction markets39:47 BIP444 → BIP110: cramming in the changes44:15 Does the market even understand consensus?48:12 Under 6% support & why capital isn't your voice52:36 Ossification & the golden-rock debate53:44 Sponsor: Luxor55:59 BIP110 mechanics & what "activation" means59:37 Cooldowns, "longest chain" vs most chain work1:03:05 Activation day: the network splits live1:06:28 Roughnecks & the block race that stalled1:09:05 Pool power, centralization & OFAC censorship1:11:38 Stratum V2, Foundry & why miners don't care1:14:41 The economic node: not one-node-one-vote1:17:35 What we learned & what's next (BIP54)🛠 Sponsored by:Altair Technology — ASIC hardware, replacement parts & mining infrastructureCode: HASHRATEUPhttps://altairtech.io/aff/125/Luxor — Mining software, firmware & hashrate toolshttps://luxor.tech/📊 HashrateUp Hardware Deals: https://t.me/hashrateup📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/#BitcoinMining #BIP110 #ChainSplit #BitcoinConsensus #SoftFork #OPRETURN #Ordinals #NakamotoConsensus #MiningPools #Bitcoin #HashrateUp
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