Adam Back, Michael Saylor oppose BIP 110 Bitcoin proposal
Two of Bitcoin's loudest institutional voices are now publicly lined up against a policy-style consensus change, framing it as a fork risk and a dangerous precedent for transaction validity.
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Two of Bitcoin's loudest institutional voices are now publicly lined up against a policy-style consensus change, framing it as a fork risk and a dangerous precedent for transaction validity.
Hashprice compression and BIP-110 signaling at 0.42% since May 1 put the burden on miners to decide whether a fee-policy fork is worth splitting the hashrate over before the August lock-in.
The protocol change is small but the deadline is concrete: by August, every major venue has to decide whether its node follows the new rules or sticks with today's Bitcoin, and that choice becomes…
The proposal's 55% signaling threshold and unilateral node enforcement are the real story — the dollar at stake is miner economics and institutional custody plumbing, not BTC's market cap.