LilJamizcripT
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The BIP-110 experiment seeks to filter which miners can secure their «Bitcoin»
The measures Luke Dashjr is evaluating to curb profitable miners on the BIP-110 chain show what miner profile he wants to define for his network.
Bitcoin mining works like an unfiltered market of intent. Anyone with compatible hardware can compete for a block, without the protocol asking why they do it.
Luke Dashjr, one of the oldest Bitcoin developers in the ecosystem, decided to break that premise on the new network that split from Bitcoin after the activation of BIP-110—and that Dashjr insists on calling «Bitcoin».
The developer proposes two temporary changes to discourage miners on the BIP-110 chain who operate solely for mining profitability—i.e., who only continue if the revenue they obtain exceeds the cost of energy and hardware:
The first change would extend the coin maturation period—the time that must pass before mined coins can be spent—from 100 to 4,375 blocks, which is equivalent to almost a month of frozen funds.
The second change would reduce the per-block subsidy to zero—the new issuance coins a miner receives when validating a block—during that same period. Miners would only earn transaction fees, with no additional income for processing new blocks.
Both measures are still under discussion within the Bitcoin Knots Discord server, the alternative client to Bitcoin Core that Dashjr maintains and that served as the basis for signaling support for BIP-110—the proposed temporary fork intended to restrict transactions with arbitrary data in Bitcoin.
The developer himself clarified that there are no definitive decisions and that any changes would be temporary.
#BTC
The BIP-110 experiment seeks to filter which miners can secure their «Bitcoin»
The measures Luke Dashjr is evaluating to curb profitable miners on the BIP-110 chain show what miner profile he wants to define for his network.
Bitcoin mining works like an unfiltered market of intent. Anyone with compatible hardware can compete for a block, without the protocol asking why they do it.
Luke Dashjr, one of the oldest Bitcoin developers in the ecosystem, decided to break that premise on the new network that split from Bitcoin after the activation of BIP-110—and that Dashjr insists on calling «Bitcoin».
The developer proposes two temporary changes to discourage miners on the BIP-110 chain who operate solely for mining profitability—i.e., who only continue if the revenue they obtain exceeds the cost of energy and hardware:
The first change would extend the coin maturation period—the time that must pass before mined coins can be spent—from 100 to 4,375 blocks, which is equivalent to almost a month of frozen funds.
The second change would reduce the per-block subsidy to zero—the new issuance coins a miner receives when validating a block—during that same period. Miners would only earn transaction fees, with no additional income for processing new blocks.
Both measures are still under discussion within the Bitcoin Knots Discord server, the alternative client to Bitcoin Core that Dashjr maintains and that served as the basis for signaling support for BIP-110—the proposed temporary fork intended to restrict transactions with arbitrary data in Bitcoin.
The developer himself clarified that there are no definitive decisions and that any changes would be temporary.
#BTC
The measures Luke Dashjr is evaluating to curb profitable miners on the BIP-110 chain show what miner profile he wants to define for his network.
Bitcoin mining works like an unfiltered market of intent. Anyone with compatible hardware can compete for a block, without the protocol asking why they do it.
Luke Dashjr, one of the oldest Bitcoin developers in the ecosystem, decided to break that premise on the new network that split from Bitcoin after the activation of BIP-110—and that Dashjr insists on calling «Bitcoin».
The developer proposes two temporary changes to discourage miners on the BIP-110 chain who operate solely for mining profitability—i.e., who only continue if the revenue they obtain exceeds the cost of energy and hardware:
The first change would extend the coin maturation period—the time that must pass before mined coins can be spent—from 100 to 4,375 blocks, which is equivalent to almost a month of frozen funds.
The second change would reduce the per-block subsidy to zero—the new issuance coins a miner receives when validating a block—during that same period. Miners would only earn transaction fees, with no additional income for processing new blocks.
Both measures are still under discussion within the Bitcoin Knots Discord server, the alternative client to Bitcoin Core that Dashjr maintains and that served as the basis for signaling support for BIP-110—the proposed temporary fork intended to restrict transactions with arbitrary data in Bitcoin.
The developer himself clarified that there are no definitive decisions and that any changes would be temporary.
#BTC
615
Article
New version of the Clarity Act includes 3 important changesRepublicans submitted an updated version of the bill just four days before the preliminary vote in the Senate.
Right when the legislative calendar starts working against the Clarity Act in the United States, Republican senators introduced a new version of the regulatory text. The update’s focus is on the scope of decentralized finance (DeFi), the most sensitive and least settled point in the entire ongoing regulatory debate.
New version of the Clarity Act includes 3 important changes
Republicans submitted an updated version of the bill just four days before the preliminary vote in the Senate.
Right when the legislative calendar starts working against the Clarity Act in the United States, Republican senators introduced a new version of the regulatory text. The update’s focus is on the scope of decentralized finance (DeFi), the most sensitive and least settled point in the entire ongoing regulatory debate.
Right when the legislative calendar starts working against the Clarity Act in the United States, Republican senators introduced a new version of the regulatory text. The update’s focus is on the scope of decentralized finance (DeFi), the most sensitive and least settled point in the entire ongoing regulatory debate.
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ClarityActFacesProceduralVoteSept15
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#clarityactfacesproceduralvotesept15 🏛️ Senate Prepares for Pivotal CLARITY Act Procedural Vote on Sept 15
The U.S. crypto industry is approaching a major legislative milestone. All eyes are on the Senate as a crucial procedural vote could shape the future of digital asset regulation. 👀
📰 Core News
• On September 15, the U.S. Senate will hold a key cloture (procedural) vote on the Digital Asset Market Clarity Act (CLARITY Act, H.R. 3633) [[1]].
• This landmark bill aims to resolve long-standing regulatory ambiguity by clearly defining which digital assets are classified as commodities versus securities [[20]].
• Advancing this bill would determine whether the SEC or CFTC takes primary oversight, establishing a foundational market structure for the industry [[21]].
📊 Market Impact
• Regulatory Clarity A favorable vote could reduce compliance uncertainty for exchanges, issuers, and DeFi protocols, fostering a more predictable operating environment [[13]].
• Market Sentiment Institutional participation often hinges on regulatory clarity. Progress on this bill may positively influence market confidence in digital commodities and broader crypto infrastructure.
• Procedural Reality The cloture vote requires 60 votes to advance, meaning the outcome remains uncertain and will serve as a key indicator of bipartisan support for crypto legislation [[10]].
💬 Join the Discussion
What’s your take? Do you believe the CLARITY Act will successfully bridge the regulatory gap, or should we expect further legislative delays? Let’s discuss below! 👇
#CryptoRegulation #CLARITYAct #DigitalAssets #CryptoMarket #BinanceSquare
This is for educational purposes only. Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
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