Bitcoin News
By Jean-Luc Maracon
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The Signaling Numbers Are Brutal. As of July 20, only 11 blocks out of 1,236 monitored are signaling support for BIP-110. That's 0.
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Chain Split Risk Is Real. If miners don't coordinate, Bitcoin could split into competing chain histories.
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What Economic Actors Do Next. Exchanges and businesses aren't just passive observers here.
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Michael Saylor went public with a 110-point critique of BIP-110. That's not a typo — one hundred and ten separate objections to a single Bitcoin proposal.
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BIP-110 is a proposed soft fork that would place a one-year restriction on arbitrary-data uses inside Bitcoin scripts.
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As of July 20, only 11 blocks out of 1,236 monitored are signaling support for BIP-110. That's 0.89%. The required threshold is 1,109 signaling blocks.
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Mandatory signaling means miners would have to show explicit support or risk having their blocks rejected by nodes enforcing the new rules.
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And the current numbers make clear that most miners haven't picked a side at all. Maybe they're waiting. Maybe they don't think BIP-110 will get traction.
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If miners don't coordinate, Bitcoin could split into competing chain histories. That's not speculation — it's the mechanical outcome of a contentious fork where different nodes…
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Read also: Michael Saylor Lists 110 Reasons to Reject Bitcoins BIP-110 Temporary Fork
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Exchanges would need to decide which chain to support. That means decisions about deposit processing, withdrawal confirmation, and which version of a transaction they treat as…
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Wallet developers and node operators are already looking at their Taproot and Miniscript paths — the specific areas BIP-110 would affect.
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The honest read right now is that coordination seems unlikely given where the numbers sit. 0.
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Exchanges and businesses aren't just passive observers here. Economic actors — the entities that move real volume through Bitcoin — can influence which chain survives a split…
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Read also: Michael Saylor Pushes Back on BIP 110 Over Bitcoin Censorship Risk
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