Michael Saylor: BIP-110 mining threshold not met, proposal risks stalling

Michael Saylor: BIP-110 mining threshold not met, proposal risks stalling
BIP-110 support stalls at 2.7 percent

Michael Saylor outlines the current status of Bitcoin Improvement Proposal 110 (BIP-110), noting that at block 961,022, the proposal has received only 38 signals, equating to 2.70% support. He states that the voluntary 55% signaling threshold is impossible to achieve at this stage. Following block 961,632, BIP-110 nodes are set to reject non-signaling blocks. Saylor suggests that, unless major miners reverse their stance, Bitcoin will continue functioning as normal, but BIP-110 may stall or fork into irrelevance. He encourages backers of the proposal to stand down.

Saylor has previously warned that BIP-110 could invalidate some valid, fee-paying Bitcoin transactions due to spam concerns. He has also highlighted Bitcoin's tendency to trade near its 200-week moving average. These earlier observations underscore ongoing discussion around protocol changes and network stability.

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