Let me unpack what this actually means for Bitcoin (not trying to prove anything to anyone, just share results of my personal “do not trust verify” of the @GrassFedBitcoin claims). 1. Any minority with hash power ~10-20% and minority of nodes (by count, economic value) of <1% may activate a soft fork, causing a chain split and putting the majority funds into a double-spend risk for weeks/month, stopping main chain from efficient operations. 2. This is not how SegWit was activated and was not known before. It is not “just a UASF”. 3. Even if you do not see how pt 1 is possible, it is possible (game-theoretically proven, see my tweets over pas week and discussions with @giacomozucco) and IS a strategy officially used by BIP-110 gang which they proud of discovering, claiming this is a “distributed authoritarianism” and it is good for Bitcoin. 4. Unlike them I see this as a bad thing and not an authoritarianism, but rather a form of destructive nihilism. 5. In pt 5 “possible” doesn’t mean “it will certainly happen”. Yet still just a fact of its theoretical possibility is already a problem: the system with such feature/bug is vulnerable to the whole range of new types of attacks, so even with BIP-110 abandoned, the damage is already done and there will be more followers to this strategy. 6. This vulnerability is specific to PoW consensus with public ledger (“blockchain”), where miners and users see and verify transactions of the entire world. “ZK” do not protect from them. The only protection is a PoW consensus _without_ blockchain - like I proposed few years ago (Prime, for which our team is building a proof of concept).

My understanding: it is all about game theory, and the solution for UASF having minority hashpower has no stable Nash equilibrium, but multiple equlibria (“local optimums”). We may face multiple “phase transitions” between those unstable (horse-seat) equilibria which you describe as “reorgs” or “chainsplits”, but they are mich more dangerous than usual reorgs and even chainsplits. This means that the main problem that the consequence of BIP-110 will be turbulent and uncomputible; chaotic, whether tiny unpredictable events may have a dramatic impact. If I am right, even if nothing happens and everyone will forget BIP-110, we have explored a profound vulnerability and attack vector agaist bitcoin (actually any PoW consensus based on a public ledger) which will be used in the future, including government-based actors. Here, non-blockchain PoW like I am planning for Prime is the only solution to the fundamental problem.

many thanks to @_polto_ @beBOPcommunity @dr_orlovsky @dr_ukolova for their presence and guest presentations at the first nodl day! Hopefully there will be many others to come! presentations will be available online soon and we’ll also be repeating the announcements here

ICYMI: The @rgbconsortium & @dr_orlovsky have released RGB I.0 — a scalable smart contract system for #Bitcoin & Lightning using client-side validation, zk-STARKs, and single-use seals. 🟥🟩🟦 btctimes.com/rgb-consortium-…

MyCitadel presentation during #BH2025 by @dr_ukolova

Ultraviolet is the network made with L2 RGB smart contracts by the creators of RGB - @pandoraprime_ch and @dr_orlovsky It comes with zk-STARK provers, post-blockchain scalability layer 1 Prime, AI agents & data availability layer Storm Follow @UVioletAI along the road of building most decentralized and scalable system in the world

Ultraviolet is the network made with L2 RGB smart contracts by the creators of RGB - @pandoraprime_ch and @dr_orlovsky It comes with zk-STARK provers, post-blockchain scalability layer 1 Prime, AI agents & data availability layer Storm Follow @UVioletAI along the road of building most decentralized and scalable system in the world

🔥 Speaker Announcement 🔥 We’re honored to welcome @dr_ukolova and @dr_orlovsky to the stage at #BH2025! 🔥 🦡 💡 Olga Ukolova CEO and founder of @pandoraprime_ch, Olga leads the charge in developing scalable, decentralized technologies built on Bitcoin, Lightning, and RGB. Her team is behind tools like Ray Wallet and MyCitadel, designed to make advanced Bitcoin tech accessible and practical for everyday use. 🧬 Dr. Maxim Orlovsky Lead developer of RGB since 2019 and co-founder of both the LNP/BP Association and RGB Consortium. With a background in neuroscience and machine learning, Maxim is pioneering LNP/BP tech to build a framework for a truly sovereign — and post-human — future. Together, they are shaping the next chapter of Bitcoin’s evolution — from smart contracts to privacy-preserving applications. 🎟️ Don’t miss their talks, grab your ticket now: baltichoneybadger.com See you in Riga! 🇱🇻

🔥 Speaker Announcement 🔥 We’re honored to welcome @dr_ukolova and @dr_orlovsky to the stage at #BH2025! 🔥 🦡 💡 Olga Ukolova CEO and founder of @pandoraprime_ch, Olga leads the charge in developing scalable, decentralized technologies built on Bitcoin, Lightning, and RGB. Her team is behind tools like Ray Wallet and MyCitadel, designed to make advanced Bitcoin tech accessible and practical for everyday use. 🧬 Dr. Maxim Orlovsky Lead developer of RGB since 2019 and co-founder of both the LNP/BP Association and RGB Consortium. With a background in neuroscience and machine learning, Maxim is pioneering LNP/BP tech to build a framework for a truly sovereign — and post-human — future. Together, they are shaping the next chapter of Bitcoin’s evolution — from smart contracts to privacy-preserving applications. 🎟️ Don’t miss their talks, grab your ticket now: baltichoneybadger.com See you in Riga! 🇱🇻

🔥 Speaker Announcement 🔥 We’re honored to welcome @dr_ukolova and @dr_orlovsky to the stage at #BH2025! 🔥 🦡 💡 Olga Ukolova CEO and founder of @pandoraprime_ch, Olga leads the charge in developing scalable, decentralized technologies built on Bitcoin, Lightning, and RGB. Her team is behind tools like Ray Wallet and MyCitadel, designed to make advanced Bitcoin tech accessible and practical for everyday use. 🧬 Dr. Maxim Orlovsky Lead developer of RGB since 2019 and co-founder of both the LNP/BP Association and RGB Consortium. With a background in neuroscience and machine learning, Maxim is pioneering LNP/BP tech to build a framework for a truly sovereign — and post-human — future. Together, they are shaping the next chapter of Bitcoin’s evolution — from smart contracts to privacy-preserving applications. 🎟️ Don’t miss their talks, grab your ticket now: baltichoneybadger.com See you in Riga! 🇱🇻

RGB yellow paper is released: the first formally specified scalable smart contract system for Bitcoin & Lightning, made with client-side validation github.com/RGB-WG/yellowpape… Follow us for more updates!