Lonnie Mcilroy

#BIP110SoftForkAttemptBegins Bitcoin has entered a critical governance experiment. BIP-110’s mandatory signaling phase has begun at block 961,632, yet miner support remains around 2.5%—far below the 55% threshold associated with broad activation. The proposal seeks to temporarily restrict certain forms of arbitrary on-chain data, targeting the blockspace demand created by inscriptions and similar applications. But the bigger story is governance. BIP-110 tests whether economically significant nodes can enforce a consensus change despite weak miner participation. If miners ignore the new rules, BIP-110 nodes could reject otherwise valid blocks, creating a potential chain split. That makes this less about OP_RETURN and more about Bitcoin’s ultimate power structure: miners produce blocks, but users and economic nodes decide which rules have value.😎 $BTC $TUT