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BTC Summary
Schwartz criticized BIP-110 supporters for describing Bitcoin's existing blockchain as a "legacy network" and seeking to amend it through proposed alternative governance rules.
BLAKE2b will replace Bitcoin's SHA-256d mining algorithm and, in its planned fork, seeks to get rid of its reliance on miners who protect the backbone network.
Previously, the BIP-110 chain produced only two blocks, and limited infrastructure support threatened the security, liquidity and adoption of BLAKE2b in the cryptocurrency market.
Ripple CTO emeritus criticizes BIP-110 supporters for their claims of Bitcoin's "legacy chain"
Ripple CTO emeritus David Schwartz criticized a BIP-110 supporter who claimed that developers were trying to fix governance issues in Bitcoin's existing blockchain network.
Schwartz believes that BIP-110 supporters shifted from participating in governance to aggressive behavior when they completely rejected the results of their campaign.
Loogart counters that the group accepted failure, opted for an alternative proof-of-work system, and volunteered to start developing a stand-alone Bitcoin blockchain elsewhere. He argued that open dialogue, soft forks and hard forks are still legal options because no one has to support any alternative blockchain.
Schwartz questioned Loogart's description of Bitcoin as a "legacy chain" that needs to be repaired by the decision of a group of dissatisfied network participants. He responded briefly: "Listen to yourself," emphasizing the fallacy behind the assumption that the Bitcoin backbone is technically flawed or poorly governed.
The discussion stems from an X user describing BLAKE2b as a Bitcoin attack similar to Bitcoin Cash and Bitcoin SV fork. Loogart rejects the comparison, arguing that opposing the core of Bitcoin and creating separate rules does not constitute coercion on existing users.
BLAKE2b forked seeks independence from Bitcoin miners
BLAKE2b changed Bitcoin's SHA-256d mining system so that the split chain can run without relying on miners protecting the main chain network. Developer Luke Dashjr supports the project and plans to launch on September 1 under its alternative proof-of-work mining algorithm.
However, prior to launch, no major cryptocurrency exchanges, wallet providers or Lightning Network implementations expressed support for the proposed blockchain. This limited support creates obstacles in terms of mobility, accessibility, mining security, reliable block production, user participation, and overall commercial application.
Previously, the BIP-110 chain was stalled due to limited mining support
BLAKE2b originated from a previous BIP-110 minority chain that attempted to restrict non-financial data placed in Bitcoin blocks. These proposed restrictions target inscriptions, Ordinals, BRC-20 tokens, Runes, and any data payload that supporters believe is harmful to Bitcoin's financial purposes.
Critics insist that users should have the right to use available block space as long as they meet network rules and pay the required transaction fees. The minority fork dug up only two blocks in eight hours and then stalled due to insufficient participation, exposing weak infrastructure support.
Ultimately, BLAKE2b must attract reliable miners, developers, wallets, exchanges, and users to establish itself as a viable stand-alone Bitcoin network.
