Michael Saylor just delivered a blunt update on BIP-110, the Bitcoin protocol change he opposed. According to him, the upgrade won't get the 55% miner support needed to pass during the current difficulty adjustment period.
Saylor analyzed the mining data up to block 960,561, noting that out of 946 blocks mined in this cycle, only 24 showed support for BIP-110 by signaling in their version field. Every one of those supportive blocks came from DATUM miners connected to the OCEAN mining pool. Miners outside OCEAN haven’t signaled at all.
Why BIP-110 Faces a Dead End
BIP-110 aims to restrict the addition of non-monetary data, like photos or texts, onto the Bitcoin blockchain. Its supporters argue this keeps the network clean and efficient, preserving Bitcoin’s core use for money transfers. Saylor disputes this approach, warning that deciding which transactions count as necessary or not should not be left to a select few. He also points out that the apparent support might be inflated by automated signaling from some software, not genuine miner consensus.
This latest data confirms the proposal is mathematically unable to cross the key 55% threshold right now, effectively ruling out its passage in this mining difficulty cycle. For enthusiasts tracking protocol developments, this is a significant setback for BIP-110.
Saylor’s ongoing confidence in Bitcoin contrasts with his firm stance against this update, showing he still backs the network’s evolution but not at the cost of miner consensus.
This content is for informational purposes and does not constitute financial advice.
