PlanB Opposes Bitcoin BIP-110 Fork Citing Misunderstanding of Decentralization

PlanB rejects Bitcoin BIP-110 soft fork, arguing proponents ignore decentralization and spam risks. Miner support sits at 1%, far below the 55% threshold needed for activation.

Woofun AI reports that analyst PlanB has publicly opposed the Bitcoin BIP-110 proposal, stating that its supporters fail to grasp the essence of decentralization. PlanB emphasized that Bitcoin is a pseudonymous asset where enthusiasts strongly dislike spam, referencing the failure of the previous BCH fork as a cautionary example.

BIP-110 proposes seven consensus restrictions, including limits on scriptpubkey length and witness data size, to reduce non-payment data like runic inscriptions. Currently, miner support stands at approximately 1%, significantly below the 55% required for activation. The outcome will be determined after the signaling window opens around August 7-8.