#bip110softforkattemptbegins 🚨 BIP-110: The Bitcoin Fork Has Stopped Moving
🍋People who trade Bitcoin need to pay attention to this today.
The BIP 110 plan was to limit the amount of non information that can be put in blocks. This was mostly aimed at Ordinals, BRC-20 and Runes activity. However the people who mine Bitcoin did not support it much with only about 2.5 percent of them on board, which is a lot less than what was needed.
🍋So what happened? A smaller group of Bitcoin users split off from the group for a little while and they mined two blocks but then they lost steam and the main Bitcoin group just kept going.
⚠️ The important thing to remember is to be careful with the smaller group. If you treat the group like it is the real Bitcoin you might have problems, with your money like it being spent twice or lost.
For people who trade Bitcoin the bigger deal is that Bitcoin is still working well even when there are problems.
🔥Do you think Bitcoin should use BIP 110 or should Bitcoin stay the same as it is now? 👇#bitcoin #Khan62 #CryptoNews #BTC $BTC • $BIP.US
10 • $ORDI
🍋People who trade Bitcoin need to pay attention to this today.
The BIP 110 plan was to limit the amount of non information that can be put in blocks. This was mostly aimed at Ordinals, BRC-20 and Runes activity. However the people who mine Bitcoin did not support it much with only about 2.5 percent of them on board, which is a lot less than what was needed.
🍋So what happened? A smaller group of Bitcoin users split off from the group for a little while and they mined two blocks but then they lost steam and the main Bitcoin group just kept going.
⚠️ The important thing to remember is to be careful with the smaller group. If you treat the group like it is the real Bitcoin you might have problems, with your money like it being spent twice or lost.
For people who trade Bitcoin the bigger deal is that Bitcoin is still working well even when there are problems.
🔥Do you think Bitcoin should use BIP 110 or should Bitcoin stay the same as it is now? 👇#bitcoin #Khan62 #CryptoNews #BTC $BTC • $BIP.US
10 • $ORDI