< Back to situations

Get alerts on this situation

We’ll email you as it develops, and you can follow the whole thread from day one.

Unsubscribe anytime.

[SITUATION] · [ACTIVE]

8 clusters · 43 sources · 25 days · First seen 28 days ago · Last updated 4 days ago

Categories: TECHNOLOGY

Bitcoin BIP-110 soft-fork activation stalled

Entities: Bitcoin · Michael Saylor · BIP-110 · MicroStrategy · Bitcoin Security Consortium

Overview

Miner signaling for BIP‑110 has remained well below the 55 % threshold throughout July 2026, staying under 1 % as the mandatory‑signalling window opens in early August. Blockstream CEO Adam Back reiterated that insufficient support will simply cause the activation window to expire rather than trigger a chain split. The proposal aims to curb the amount of arbitrary data—such as Ordinals, Runes, NFTs and other non‑monetary inscriptions—by tightening OP_RETURN rules and related mechanisms.

Critics, including MicroStrategy’s executive chairman Michael Saylor, argue that the change threatens Bitcoin’s permission‑less ethos and could set a precedent for censorship, while supporters view it as a way to preserve block‑space efficiency. Saylor also warned that internal governance attempts to rewrite consensus rules—whether via BIP‑110, covenant mechanisms, or larger blocks—pose a long‑term risk to the network’s neutrality and security.

In parallel, Saylor announced the formation of a Bitcoin Security Consortium with eight major firms, pledging $15 million over three years for independent research, including quantum‑computing preparedness. As the early‑August signaling deadline approaches, the activation of BIP‑110 remains mathematically unlikely, and the debate over balancing network efficiency with Bitcoin’s open nature continues.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 5 SOURCES] Michael Saylor described Bitcoin's consensus rules as a constitutional framework. (Michael Saylor)
[● 5 SOURCES] Saylor warned that internal changes to Bitcoin's consensus rules pose the greatest long‑term threat to the network. (Michael Saylor)
[● 5 SOURCES] Saylor opposed Bitcoin Improvement Proposal 110 (BIP‑110), calling it harmful to block‑space scarcity and miners' fee revenue. (Michael Saylor)
[● 5 SOURCES] Saylor predicts Bitcoin could grow 100‑fold and become core infrastructure for global capital markets. (Michael Saylor)
[● 5 SOURCES] BIP‑110 is a proposed temporary soft fork intended to limit arbitrary data stored on‑chain. (Bitcoin proposal description)
[● 5 SOURCES] Bitcoin’s block reward halves every 210,000 blocks, increasing reliance on transaction fees for network security. (Bitcoin protocol)
[● 4 SOURCES] Strategy joined a Bitcoin Security Consortium with eight firms pledging $15 million over three years for independent research. (Strategy (MicroStrategy))
[● 4 SOURCES] The Bitcoin Security Consortium aims to keep development decentralized and avoid formal positions on protocol changes. (Consortium statement)

Timeline

4 days ago

[TECHNOLOGY] 9 sources
Michael Saylor warns internal governance changes threaten Bitcoin
Michael Saylor says internal rule changes like BIP‑110 threaten Bitcoin, predicts 100× growth, and joins a $15 M security consortium with major firms.
9 days ago

[TECHNOLOGY] 3 sources
Bitcoin faces debate over BIP-110 proposal to restrict on‑chain data
Bitcoin's BIP-110, aimed at curbing arbitrary on‑chain data like Ordinals, faces minimal miner support and debate over potential chain split, with Blockstream's Adam Back downplaying risks.
11 days ago

[TECHNOLOGY] 2 sources
Michael Saylor condemns Bitcoin BIP 110 proposal as a fiat‑imposed monetary purity measure
Michael Saylor denounces Bitcoin BIP 110 as a fiat‑driven attempt to enforce monetary purity, joining Blockstream CEO Adam Back in warning it would harm Bitcoin’s decentralisation and set risky precedents.
13 days ago

[TECHNOLOGY] 2 sources
Bitcoin BIP‑110 Softfork Nears Activation as Miner Support Stalls Below 1%
Bitcoin’s BIP‑110 softfork, aiming to limit data inscriptions for a year, will lock in around early September despite only 0.86% miner signaling, far below the 55% needed.
14 days ago

[TECHNOLOGY] 19 sources
Michael Saylor issues 110‑point critique of Bitcoin BIP‑110 proposal
Michael Saylor published a 110‑point essay condemning Bitcoin BIP‑110, arguing it endangers network neutrality, lowers miner‑signalling thresholds and lacks support.
21 days ago

[TECHNOLOGY] 3 sources
Bitcoin BIP 110 soft fork fails to attract miner support
Bitcoin's BIP 110 soft fork, targeting data limits on the chain, has less than 1% miner support, far below the 55% needed, making activation unlikely.
21 days ago

[TECHNOLOGY] 15 sources
Bitcoin proposal BIP‑110 faces sharp opposition from Michael Saylor and Adam Back
BIP‑110, a temporary Bitcoin fork to curb Ordinals data, faces under‑1 % miner support; Michael Saylor and Adam Back oppose it, warning of dangerous precedents and potential network split.
28 days ago

[TECHNOLOGY] 3 sources
Bitcoin community sees BIP-110 soft‑fork collapse as bullish signal
The proposed BIP‑110 soft fork to limit data on Bitcoin failed, gaining under 1% mining support; founder David Bailey called the collapse a bullish sign for Bitcoin.

Sources

abmedia.io · academiadoencontro.com.br · activistpost.com · aic.gov.il · analyticsinsight.net · assodigitale.it · blockchainreporter.net · blocktempo.com · blockzeit.com · blogtienao.com · btc-echo.de · btcmanager.com · coindoo.com · coinotag.com · coinpedia.org · cointelegraph.com · criptoinforme.com · criptotendencias.com · crypto-news-flash.com · cryptobriefing.com · cryptonews.com.au · cryptonomist.ch · cryptopolitan.com · decrypt.co · doppiogusto.com · en.coin-turk.com · en.coinotag.com · fortunegreece.com · fr.benzinga.com · inversion.es · it-boltwise.de · mycryptoparadise.com · neweconomy.jp · news-krypto.de · nu-vera.com · pmc.govt.nz · spacemoney.com.br · therogueginger.com · tokenpost.com · trikotsport.hu · u.today · unchainedpodcast.com · vegetarianliving.com