<oembed><type>rich</type><version>1.0</version><title>jimmysong wrote</title><author_name>jimmysong (npub10v…psp42)</author_name><author_url>https://yabu.me/npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>The weirdest game theory incentive for BIP110 is that the more people want to dump BIP110 coins, the more transactions they&#39;ll add to the BIP110-chain which presumably will have much lower hash rate. Eventually, the large backlog of transactions will cause higher fees and with it, more incentive for miners to mine that chain.&#xA;&#xA;Depending on the price ratio, this still requires a huge amount of fees to motivate miners to switch. For example, if the price ratio is 10:1, then fees will have to take up 28.125 BTC (28.125 + 3.125~31.25) on the BIP110 chain for similar profits. Which is 28125 sats/vbyte average for the block, which is really, really high, but that&#39;s what it&#39;ll cost to dump coins at that ratio. Higher ratios require even more fees and lower ratios require less.&#xA;&#xA;tl;dr The more people dump BIP110 coins the more miners are incentivized to mine the BIP110 chain.</html></oembed>