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If you get a force close on the BIP-110 side that you do not monitor and it wins after a while, or it manages to cause reorgs, then you're screwed. The question is how likely it is. The other question is: how is Ocean going to pay out BOLT-12? Will they run 2 payout nodes, one on each tip?
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If you have Core you don't have anything to lose, even if bip110 wins, Core will silently accept blocks. But if you signal bip110 and it doesn't win, you are fucked.