a lot of bitcoin drama never leaves the group chat.
this one made it onto the 𝗰𝗵𝗮𝗶𝗻 and lasted two blocks.
BIP-110 was the soft fork meant to cap arbitrary data in $BTC transactions. mandatory signaling opened, enforcing nodes rejected the first non-signaling block, and the chain actually split. then the numbers landed:
→ split at block 961,632 on Aug 8
→ 2.53% miner support at its peak, against a 55% threshold
→ every signaling block came from a single pool
→ the fork chain mined 2 blocks, then nothing for 17 hours
→ 𝟵𝟵.𝟴𝟱% of hashpower stayed on the main chain
→ fork is 111 blocks behind at last count
→ Saylor's estimate: ~25 years to its first difficulty adjustment
𝘁𝗵𝗲 𝗺𝗶𝗻𝗲𝗿𝘀 𝘃𝗼𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗵𝗮𝘀𝗵𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝗶𝘁 𝘄𝗮𝘀𝗻'𝘁 𝗰𝗹𝗼𝘀𝗲.
people argued about this one for months. it was over in eight hours.
$BCH in 2017 walked away with real miners and exchange listings. this got one pool.
meanwhile spot btc etfs took in $853.5m over the same week, best stretch since April.
the flows didn't blink. 👀
#BIP110 #Bitcoin
this one made it onto the 𝗰𝗵𝗮𝗶𝗻 and lasted two blocks.
BIP-110 was the soft fork meant to cap arbitrary data in $BTC transactions. mandatory signaling opened, enforcing nodes rejected the first non-signaling block, and the chain actually split. then the numbers landed:
→ split at block 961,632 on Aug 8
→ 2.53% miner support at its peak, against a 55% threshold
→ every signaling block came from a single pool
→ the fork chain mined 2 blocks, then nothing for 17 hours
→ 𝟵𝟵.𝟴𝟱% of hashpower stayed on the main chain
→ fork is 111 blocks behind at last count
→ Saylor's estimate: ~25 years to its first difficulty adjustment
𝘁𝗵𝗲 𝗺𝗶𝗻𝗲𝗿𝘀 𝘃𝗼𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗵𝗮𝘀𝗵𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝗶𝘁 𝘄𝗮𝘀𝗻'𝘁 𝗰𝗹𝗼𝘀𝗲.
people argued about this one for months. it was over in eight hours.
$BCH in 2017 walked away with real miners and exchange listings. this got one pool.
meanwhile spot btc etfs took in $853.5m over the same week, best stretch since April.
the flows didn't blink. 👀
#BIP110 #Bitcoin