Quantum

Foundry

Adam Back

<p>Michael <a href="https://x.com/saylor" rel="noopener noreferrer nofollow">@saylor</a> has called on supporters of BIP-110 to abandon the effort, arguing the numbers have made the case for them. <cite>With just 38 signaling blocks, or 2.70% of the total, as of block 961,022, the proposal needs a 55% miner threshold to lock in voluntarily, which Saylor called impossible.</cite> His message was blunt: <cite>"Unless major miners reverse, Bitcoin continues normally while BIP-110 stalls or forks into irrelevance. Its backers should stand down."</cite></p><h2 id="what-bip-110-would-do">What BIP-110 Would Do</h2><p><cite>BIP-110, formally titled the Reduced Data Temporary Soft Fork and authored under the pseudonym Dathon Ohm, proposes a one-year consensus-level restriction on arbitrary data embedding in Bitcoin transactions. The rules would target the most common methods used for Ordinals inscriptions, large OP_RETURN payloads, BRC-20 tokens, and certain Taproot constructions repurposed for data storage.</cite><cite>It also lowers the miner signaling threshold required for activation to 55%, down from the traditional 95% supermajority that Bitcoin soft forks have historically required.</cite></p><p><cite>Supporters argue that inscription-style activity bloats the blockchain and creates "significant unnecessary burdens" on node operators.</cite><cite>They frame the proposal as a defense of Bitcoin's role as sound money.</cite> Critics, including Saylor, counter that changing consensus rules to address what some consider spam sets a more dangerous precedent than the problem itself. <cite>Saylor argues that fee markets and relay policies, not consensus changes, should address so-called spam, warning that BIP-110 could restrict innovation, weaken miner incentives, and undermine Bitcoin's role as an open, permissionless financial system.</cite></p><h2 id="the-numbers-are-the-story">The Numbers Are the Story</h2><p><cite>Miner signaling sits near 2.6% of blocks after OCEAN began signaling by default, too low for voluntary lock-in this period, so the mandatory signaling window at block 961,632, around August 9, is the only remaining path.</cite><cite>No major pool has committed: F2Pool has refused outright, AntPool has stayed silent, Foundry USA opened a hashrate-weighted miner vote, and Ocean produces effectively all signaling blocks.</cite><cite>On those numbers, the likelier outcome is a small breakaway chain rather than a network-wide change.</cite></p><p><cite>Adam Back and Jameson Lopp have also warned that the proposal risks a Bitcoin chain split, calling activation parameters reckless and technically flawed.</cite> Saylor is not alone in his assessment, but his intervention carries particular weight given that <cite>his company holds 843,775 <a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a>.</cite><cite>The proposal has triggered one of the most significant Bitcoin governance disputes in recent years. As of July 2026, miner support stands below 1% and a mandatory signaling window approaches in August, making activation near-impossible, but the debate BIP-110 sparked over Bitcoin's protocol governance is ongoing regardless of the proposal's outcome.</cite></p><p><b>Sources</b><br><a href="https://news.bitcoin.com/featured/strategys-saylor-tells-bip-110-backers-to-stand-down-before-fork/" rel="noopener noreferrer nofollow">Bitcoin.com: Strategy's Saylor Tells BIP-110 Backers to 'Stand Down' Before Fork</a><br><a href="https://www.cryptotimes.io/2026/08/02/michael-saylor-says-bip-110-lacks-bitcoin-economic-consensus/" rel="noopener noreferrer nofollow">Crypto Times: Michael Saylor Says BIP-110 Lacks Bitcoin Economic Consensus</a><br><a href="https://aminagroup.com/research/bitcoin-fork-august-2026-bip-110-ecash-covenants-and-the-quantum-clock/" rel="noopener noreferrer nofollow">AMINA Bank: Bitcoin Fork August 2026 – BIP-110, eCash, Covenants and the Quantum Clock</a></p>

Saylor calls time on Bitcoin's most divisive proposal

Table of Contents

BSCN

Other articles published on Aug 5, 2026

Sei's 10x engine just went live on mainnet

Saylor calls time on Bitcoin's most divisive proposal

Arthur Hayes Says AI Bubble Could Boost Bitcoin

Warren asks the SEC to investigate Trump's memecoin as Clarity Act stalls

MARA Transfers 6,000 BTC to Two Prime as Strategy-Linked Wallets Move Funds

Avalanche gains 2.88% as Dinari adds 724 tokenized US stocks to C-Chain

Join our free newsletter for daily crypto updates!