Saylor Warns BIP-110 Supporters: 'Stand Down' Ahead of Chain Split
Michael Saylor, executive chairman of Strategy, is urging supporters of the proposed Bitcoin Improvement Proposal (BIP) 110 to 'stand down' ahead of a potential chain split. The proposal aims to limit unrelated data attached to transactions, but critics argue it could set a precedent for filtering transactions based on their purpose.
BIP-110 needs a 55% miner threshold to lock in, but as of block 961,022, only 38 blocks out of roughly 1,400 had signaled support, a rate of about 2.7%. Major mining pools have not signaled at all, making the voluntary path closed.
The mandatory signaling window opens near block 961,632, and if no major miners switch to supporting BIP-110, Bitcoin's main chain will continue normally while BIP-110 nodes potentially split off on their own.