Crypto
Dashjr's Hard Fork Plans Spark Bitcoin Controversy
Bitcoin developer Luke Dashjr is facing criticism for his plans to implement a proof-of-work hard fork via Bitcoin Knots modifications based on BIP-110. This move would adopt an altcoin mining algorithm, aiming to ensure immediate ASIC availability and effectively launch a new chain.
The proposed fork echoes past splits like BCH and BSV, raising questions about the impact on BTC price prediction models and potential crypto market crash scenarios if miner hash rate fragments.
André Dragosch has sharply rebuked Dashjr's plans, while AI industry impact on protocol governance draws fresh scrutiny. The current price action shows BTC trading inside Bollinger Bands with upper resistance at $65,410.07 and lower support at $64,449.71.