BIP-110 This time, it really failed at the last moment.
According to Followin, the so-called BIP-110 fork produced only 2 blocks within 8 hours, so it can basically be declared a failure. At the same time, BIP-110’s core proponent, Luke Dashjr, has even been proposed to be removed from the developer circle, and the community’s dissenting voices are clearly louder than the supporters’.
Looking back at this incident, it’s actually not surprising:
First, miners and node operators did not provide sufficient hash power support. The awkward progress of “a block only after two hours” indicates that the market has voted with its feet.
Second, the community has long had strong disagreements over the path of “forcing changes to consensus rules.” By choosing the hard-fork route, BIP-110, in essence, is challenging the decentralized governance tradition that Bitcoin has formed over many years.
Third, Luke Dashjr himself has long been pushing controversial proposals such as restrictions on OP_RETURN. This failure may only be the beginning of a bigger dispute.
This incident once again confirms a principle: Bitcoin’s true strength is not in any one person or any single BIP, but in the ecosystem’s strong consensus on “don’t modify unless necessary.” Any attempt to bypass the community and forcibly push radical upgrades will run into obstacles at the consensus mechanism.
In the short term, this failure has limited impact on the price of
$BTC ; instead, it reinforces the security narrative of the main chain network. In the long term, the dispute over the Bitcoin Core path will continue to play out, and it’s worth for every holder who cares about the underlying infrastructure to keep monitoring.
#Bitcoin #majorcoin