Why BIP110 Won’t Change Bitcoin | Mr Hodl & Wicked

**MrHodl** (0:02)
If you don't agree with the curtain rule set of Bitcoin, you should for it. Bitcoin is rejecting certain type of consensus valid transactions. That's an attack on the network. That will show that Bitcoin isn't really decentralized. It can be co-opted. That would be very, very bad for Bitcoin.
The whole thing is a lie. The support is a lie. They want to force a group of people into submitting and doing what they want them to do. If you could change Bitcoin with 55% hashrate, we got big problems in the future.

**Wicked** (0:35)
In the end, it's the economic majority of users who decide what Bitcoin is. So if they fork off and they don't bring along with them everyone else, then that's not Bitcoin. Even if in their minds, it still is. He's trying to bend history and he's trying to fully bluff it into existence, because they have no other option at this point.

**Danny Knowles** (0:53)
Wicked, MrHodl, I've been asking MrHodl for probably checking three years to come on the show and you finally cracked.

**MrHodl** (1:00)
Before you, Peter's been asking me for like three, four years before that.

**Danny Knowles** (1:07)
I'm actually, Peter's here in Oslo and he was pretty mad. He told me to say fuck you.

**MrHodl** (1:13)
If Mechanic was doing this shit when Peter was doing the show, then I probably would have went on at that point. I didn't think any podcast really, like I want to say needed me, but I didn't really have much to offer. I think until now because Mechanic is just distorting history and I'm not really happy with that.

**Danny Knowles** (1:37)
Yeah. I mean, we should probably introduce the two of you because if anyone's not on Bitcoin Twitter, they probably don't know who you two are. So let's start there. Wicked, MrHodl, you start because you've been around for a long time.

**MrHodl** (1:47)
I mean, just someone that got into Bitcoin relatively early. But I got hooked and I've been hooked ever since, I would say.
I was definitely, I wouldn't say I was part of the block size wars. I didn't have any meaningful impact. But what I did try to do was get as much information out to Bitcoin Twitter because I was following the conversations on Slack, on IRC, different platforms. At the time, I thought Bitcoin is being attacked through a certain group of people that are trying to break compatibility with older nodes. So my mission at that point was just to spread as much information as it possibly could to get as many people on board with the Bitcoin mission, man. That's pretty much it. Awesome.

**Danny Knowles** (2:41)
And Wicked, you're the man with the data. Do you want to tell everyone who you are?

**Wicked** (2:44)
Sure. So I did not get into Bitcoin very early. I was a degenerate trader for a while. So the first time I traded Bitcoin was in 2013, but I was poor and didn't hodl my Bitcoin, fortunately.
So I became a real Bitcoiner, I'd say like in 2020, kind of that era. And ever since, I've been obsessed with Bitcoin data and building visualizations and dashboards to try to present that data in easily digestible ways.

**Danny Knowles** (3:22)
Well, I think the two of you are two of my favorite accounts on Twitter. But like when...
So Wicked dropped me a DM hodl, and he basically was like, MrHodl is finally up for a podcast, we should do it. But like, why does Mechanic annoy you so much? Maybe we should start with why the two of you are not so for Bip110? Because this is a lot of the pushback that I got on the podcast that I did with Mechanic, is that I didn't necessarily explain myself enough. But you two start and then I'll say where I'm at.

**Wicked** (3:47)
I believe that Bitcoin is best to use as money. I think that the use of Bitcoin for arbitrary data is really dumb and inefficient, right? I don't think that it has a future.
So I don't think we need to do anything to try to prevent it. I don't think it will just die on its own. And I think the proposal going forward with Bip 110 doesn't really stop it anyways. It's more of just a virtue signal. So I don't support anything that doesn't actually stop what we're upset about. And then the fact that it will kind of peter out on its own, which it already kind of is, is just proof that we don't need to change Bitcoin for that.

**MrHodl** (4:31)
Yeah, I'll take a little bit of a different approach. I'm the believer that I think that if you don't agree with the curtain rule set of Bitcoin, you should fork. You should try and either do a soft fork or try and do a hard fork and reach enough support or consensus to do the change you want.