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If there is a soft fork in #bitcoin and transactions are made, then miners will mine the blocks, and nodes will verify. The longest timechain continues.

If someone else comes along with another soft fork, but their soft fork doesn’t include the newest upgrades, then that is actually a hard fork.

Unlike the blocksize wars, it’s possible this hard fork could pump very quickly. BlackRock has already said if the chain splits, they may not choose the "real Bitcoin".

I’m worried we might be put to this test soon, and our desire for fiat will battle against our love of freedom.

Please don’t fork off of Bitcoin 🙏🏻

highperfocused ⚡ 2y ago

I'm thinking about your hard fork definition.

Because a soft fork is backwards compatible and when another soft fork comes in, it's not a hard fork but only yet another soft fork, isn't it?

In my definition, a hard fork is when I for example have to update my Fullnode (Bitcoin Core) in order to receive the "new" Blockchain. If I don't upgrade, I will only get block valid with the old version but not with the new one.

A hard fork only appears, when the blockchain itself splits, isn't it?

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Discussion

BTCapsule 🏴 2y ago

For example, say I soft fork the Bitcoin Core version before Taproot. This would be a "soft fork" because it’s compatible with everything prior to Taproot. Nodes are currently doing this now.

However, since transactions have already been mined with Taproot, if I add additional features to my soft fork that don’t include Taproot, then this is a hard fork. It is no longer backwards compatible with the longest timechain. Does that make sense?