Once Bitten! A Bitcoin Podcast.
Jul 22, 2026 · 1 hr 20 min · 16 segments
$ BTC 65,825 Block Height 956,106 Today's guest on the show is Luke deWolf who joins me to discuss his updated stance on BIP 110 and the evolving landscape of Bitcoin security and governance. Key…
Luke DeWolfGuest
Daniel PrinceHost
I think I think the fence sitter was a little more like, because I am strongly pro the goals of 110.
And so yeah, for a while there was getting getting hate from both sides, basically, because because Other anti-BIP 110 people wanted me to admit that I was wrong in even supporting the goals of 110 and wanted me to admit that I was wrong in the first place about the entire idea, right? And that's just not true either.
These things are complicated and holding nuance in your head sometimes means that you take opinions that aren't fully black and white.
Hard fork versus soft fork, maybe just to cover that briefly for those not in the know.
It just means that there's a loosening of the rules, what's valid on Bitcoin, meaning that as soon as there's a transaction that uses those looser rules or a block that uses those looser rules, any nodes that haven't upgraded to accept that, they'll instantly split, instantly.
A soft fork is a little different because the thing with a soft fork is that it's tightened the rules and it sort of does the opposite effect.
But all blocks that are valid under the new soft fork rules they will still be valid on all other nodes.
And this is part of the, say, call it game theory, that BIP-110 proponents, the strongest ones, are believing is going to happen, right? So my concerns were entirely around that...
If you go into a fork scenario, there's a lot of uncertainty and intentionally going down that path is something that can be very risky in terms of the effects on the network.
What I came to through writing Defending Bitcoin was that taking a position, advocating for a potentially risky scenario is something that I can't do while also writing something and advocating for reducing risk as much as possible.
I think I think the fence sitter was a little more like, because I am strongly pro the goals of 110.
And so yeah, for a while there was getting getting hate from both sides, basically, because because Other anti-BIP 110 people wanted me to admit that I was wrong in even supporting the goals of 110 and wanted me to admit that I was wrong in the first place about the entire idea, right? And that's just not true either.
These things are complicated and holding nuance in your head sometimes means that you take opinions that aren't fully black and white.
Hard fork versus soft fork, maybe just to cover that briefly for those not in the know.
It just means that there's a loosening of the rules, what's valid on Bitcoin, meaning that as soon as there's a transaction that uses those looser rules or a block that uses those looser rules, any nodes that haven't upgraded to accept that, they'll instantly split, instantly.
A soft fork is a little different because the thing with a soft fork is that it's tightened the rules and it sort of does the opposite effect.
But all blocks that are valid under the new soft fork rules they will still be valid on all other nodes.
And this is part of the, say, call it game theory, that BIP-110 proponents, the strongest ones, are believing is going to happen, right? So my concerns were entirely around that...
If you go into a fork scenario, there's a lot of uncertainty and intentionally going down that path is something that can be very risky in terms of the effects on the network.
What I came to through writing Defending Bitcoin was that taking a position, advocating for a potentially risky scenario is something that I can't do while also writing something and advocating for reducing risk as much as possible.
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