Saylor Challenges Miner Consensus Behind BIP-110 Signaling

Michael Saylor, founder and chairman of Strategy, has disputed the notion that miner consensus is behind recent BIP-110 signaling activity. According to him, data from Bitcoin block height 960,561 shows only 24 out of 946 blocks (2.54%) carried BIP-110 signals, all of which originated from DATUM miners operating within the OCEAN mining pool.

Saylor argues that reaching the often-cited voluntary threshold of 55% is mathematically impossible with current signaling rates. He emphasizes that the low percentage does not represent broad miner consensus but rather a concentrated effort by a single pool, enabled by OCEAN's legacy endpoint allowing BIP-110 signaling by default.

The debate touches on broader questions about how Bitcoin protocol changes are adopted, highlighting the complexity of measuring consensus in a decentralized network and the potential for misinterpretation when data is aggregated without context. Saylor's critique underscores the need for careful analysis of Bitcoin improvement proposals and signaling metrics.