Miners will ignore a single BIP110 signaller, Tone Vays argues

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Yaroslav Dmytrenko

1 hour ago

Miners will ignore a single BIP110 signaller, Tone Vays argues — BIP110 signalling concentrated with one miner

Tone Vays, bitcoin analyst, derivatives trader & event producer, questions whether any block signalling support for BIP110 has occurred outside Ocean Mining.

He suggests that if all such signals have only come from a single miner, other miners have no reason for concern and are likely to disregard any unilateral actions, which would result in greater earnings for them.

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Vays has previously argued that Bitcoin miners are unlikely to support proof-of-work modifications lacking broad network consensus, recalling similar past resistance to protocol changes. He has also examined scenarios involving external actors, such as Elon Musk potentially launching a competing Bitcoin client and operating Tesla vehicles as nodes, raising questions about user-activated soft forks in the network’s future.

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