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I expect some small 'inscription' (could just be a random Brc thing) in every post-chaintip block. Meaning that every block will be 'thrown out' by bip-110 nodes correct? So the hardfork will be almost immediate.
Then the forkers nodes will never see another valid block... because the previous block will already have been thrown out. It only takes one transaction from what I understand, almost a given, for the forkers to think the block is invalid meaning that every subsequent block is also invalid and the chains fork immediately.
Then it is on the forkers to generate enough hashrate to actually find blocks on their chain. If miners ignore them then... what?
Ah I see. Thank you for the clarification.
So if Block A doesn't signal... and on the same chain Block B does...
Do knots nodes see Block B build on A? Or do they just find the whole chain as invalid?
Ok so it happens immediately. Thank you for the clarification. It will be interesting to watch on Saturday!
The point of the fork is to punish Bitcoin Core developers for not listening to the pitchfork mob. Don’t mind them cutting off their own noses to spite their faces.
Given that any transactions submitted to either chaintip will be valid for both chaintips at first, I expect that their mempool will be growing substantially and their minimum block feerates will be significantly higher than those of the standard chaintip. Which would mean that any transactions sent to compete for inclusion on the BIP 110 chaintip would also pay exorbitant fees on the standard chaintip. Probably most BIP 110 proponents will hold back transaction activity and wait for the dust to settle. I wouldn’t be surprised if support for the minority chaintip folds in less than 24h.
Not sure about spam transactions. Yes, most should be priced out, but there might be some attempts to get data into the first signaling block just for sport.
Either way, I expect a lot of people to be watching closely and discussing what’s happening on Saturday.