The #BIP110SoftForkAttemptBegins has officially entered its mandatory signaling phase at block 961,632, sparking intense debate across the Bitcoin community.
What is it?
BIP-110 is a controversial, temporary one-year proposal designed to restrict "non-financial" data—such as Ordinals inscriptions and BRC-20 tokens—to reduce network bloat.
The Reality:
Despite the noise, support is minimal. Miner signaling remains well below 3% (far from the required 55%), and node adoption is negligible. Critics, including industry leaders like Michael Saylor and Adam Back, warn that transaction filtering threatens Bitcoin’s core tenet: censorship resistance.
Advice for Holders:
Don’t panic or FOMO. This is largely viewed as a failed fork attempt. Avoid interacting with "fork coins" to prevent accidental replay attacks. 🧘
#BTCPayServerExploitDrainsLightningNodes #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote
$BTC
$BNB
$ETH
What is it?
BIP-110 is a controversial, temporary one-year proposal designed to restrict "non-financial" data—such as Ordinals inscriptions and BRC-20 tokens—to reduce network bloat.
The Reality:
Despite the noise, support is minimal. Miner signaling remains well below 3% (far from the required 55%), and node adoption is negligible. Critics, including industry leaders like Michael Saylor and Adam Back, warn that transaction filtering threatens Bitcoin’s core tenet: censorship resistance.
Advice for Holders:
Don’t panic or FOMO. This is largely viewed as a failed fork attempt. Avoid interacting with "fork coins" to prevent accidental replay attacks. 🧘
#BTCPayServerExploitDrainsLightningNodes #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote
$BTC
$BNB
$ETH