A chain split between two node versions in which one of the forks has to later be discarded IS downtime, because
A) exchanges, wallets, etc have to stop accepting/ processing txns, if not they are vulnerable to double spends
B) if you transacted on the poisoned chain, your transactions will be discarded == downtime
The network is effectively down during a chainsplit situation, even if block production continues
If this happened in Bitcoin (it has happened in the past - 28 block reorg in 2013 was very analogous) I would consider it a major failure

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Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

Institutional demand for tokenized finance in Asia is accelerating as the finchain avalanche collaboration moves to bring traditional assets on-chain at scale.
Summary
FinChain deepens strategic coope...

FinChain Avalanche partnership targets RWA tokenization and institutional liquidity in Asia

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.

Regardless, a single amateur using AI to create a poisoned transaction creating an incompatibility between different node implementations is notable, because it shows the extreme fragility of a major network.

Nic, what are your thoughts on ETF issuers actions if Bitcoin were to implement base layer privacy? Could they comply within their regulatory framework when they run the privacy enabled chain?