CoinDesk Podcast Network

BITCOIN SEASON 2: Bitcoin’s Newest Soft Fork Is Insane


Listen Later

Rob Hamilton breaks down BIP 444, the controversial soft fork proposal to limit OP_RETURN outputs and remove inscriptions. Legal pressure on mining pools, hashrate drama, and why this fork will likely fail.


Rob Hamilton from AnchorWatch joins us to talk about the explosive BIP 444 proposal that could fork Bitcoin. We break down PortlandHodl's original 520-byte output limit idea, LukeDashjr's controversial technique to ban inscriptions, and the legal pressure being applied to mining pools. Rob explains why this fork will likely fail, what happens to your Bitcoin if it succeeds, and why opponents finally admitted a consensus change was needed all along.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

• BIP 444 limits outputs to 520 bytes max

• OP_RETURN reduced from current to 84 bytes

• F2Pool controls 12% hash rate, opposes fork

• Mining pool switching costs nearly nothing

• Fork creates 2 coins: pure vs unholy Bitcoin

• Legal pressure applied to multiple pools

Timestamps:

00:00 Start

01:55 Portland HODL's proposal

04:48 PR 444 (is dumb)

08:22 Author of the PR: Dathon Ohm

09:45 Knots & Ocean inner circle

10:45 LEGAL & MORAL authorities! Oh my!

14:52 Assume 444 was merged, wat do?

21:55 Stamps maximalism! One jpg to rule them all!

28:47 Possible paths forward

31:09 What happens next?

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]


...more
View all episodesView all episodes
Download on the App Store

CoinDesk Podcast NetworkBy CoinDesk

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

640 ratings


More shows like CoinDesk Podcast Network

View all
Unchained by Laura Shin

Unchained

1,207 Listeners

CRYPTO 101 by Bryce Paul & Brendan Viehman

CRYPTO 101

41 Listeners

The Breakdown by Blockworks

The Breakdown

743 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,834 Listeners

Thinking Crypto News & Interviews by Tony Edward

Thinking Crypto News & Interviews

251 Listeners

On The Brink with Castle Island by Castle Island Ventures

On The Brink with Castle Island

294 Listeners

Bitcoin News Alerts | Daily BTC News by Bitcoin News Alerts

Bitcoin News Alerts | Daily BTC News

603 Listeners

Markets Outlook by CoinDesk

Markets Outlook

135 Listeners

Bankless by Bankless

Bankless

1,043 Listeners

The Wolf Of All Streets by Scott Melker

The Wolf Of All Streets

244 Listeners

Crypto Banter by Crypto Banter

Crypto Banter

41 Listeners

Discover Crypto by HIT Network

Discover Crypto

224 Listeners

Empire by Blockworks

Empire

167 Listeners

Coin Stories by Natalie Brunell

Coin Stories

444 Listeners

Raoul Pal: The Journey Man by Real Vision Podcast Network

Raoul Pal: The Journey Man

135 Listeners