TheChartThinker

BIP110 Soft Fork Begins, But Miners Are Saying NO! Everyone is reporting that BIP110 started, but here's the reality no one is telling you: Miner Support is less than 1% Only 2.3% of nodes (583 out of 24k) are running it Even Foundry - the world's biggest mining pool - is forced to ASK its miners how to vote. What is BIP110? A 1-year temporary soft fork to limit non-financial data (Ordinals, Inscriptions, BRC-20 spam) on Bitcoin. It needs 55% signaling (1109 of 2016 blocks) to lock-in before the August deadline, or it will force a UASF. CRYPTO MARKET EFFECT 1. Bitcoin Price is UNBOTHERED: BTC is holding above $115k. The market is pricing this in as a "failed fork". No panic. 2. Ordinals & BRC-20s Are BLEEDING: Panic selling in Ordinals ecosystem. Floor prices down 10-15% as holders fear their assets will be censored. 3. Low Fees = Good For Users: On-chain fees have dropped because spam activity is slowing down. Michael Saylor just dropped a 110-point essay urging everyone to REJECT BIP-110, and Adam Back warned "Fork Off and Find Out" - saying thiscould cause a chain split into a minority fork. This could be the most controversial failed fork since 2017. Should Bitcoin be ONLY for money, or should it allow any data? #Bitcoin #BIP110 #Ordinals #CryptoNews #BTC#bip110softforkattemptbegins