BIP-118 SIGHASH_ANYPREVOUT
Discussion
Very interesting. Forgive the possibly foolish question, but is it possible for a group of people to activate this BIP themselves and use amongst themselves right now?
A soft fork requires the majority of miners or users to agree to enforcing the new rules of the soft fork.
I think that if a small minority of users activated the fork, and a block that violated the new rules was confirmed, the minority would either reject it and a hard for would occur, or they could be stolen from.
If 51% of miners activated the fork, they could successfully reject and reorg any blocks that break the new rules.
If less than 51% of the miners accept it, it becomes a hard fork.
I might not have this all correct, but this is where my thinking is.
In none of the cases described does a hard fork occur. It is a soft fork despite the forking of the chain. Both chains are valid Bitcoin blockchains but the majority of nodes are following the one that contains more work.
I suppose you then end up with some form of an alt coin, which could become Bitcoin in the future if the chain contained more work.
I've got an episode coming on APO, keep an eye out for it
Is this for the lightning channel factories?
why didn't you just say "Eltoo" lol
made me use Google! lol