BIP-110 Support Stalls at 2.6% as Saylor Predicts Proposal Irrelevance

Michael Saylor notes BIP-110 lacks miner backing with only 2.6% support, predicting the proposal will stall or become irrelevant while Bitcoin operates normally.

Woofun AI reports that Michael Saylor, founder of Strategy, stated on August 8 that BIP-110 failed to secure widespread miner acceptance, with only 2.6% signaling support. He indicated the proposal would either stall or become insignificant, while Bitcoin continues to function as designed. The temporary soft fork aims to introduce seven consensus restrictions over one year, including limits on script public key length and witness item size, to reduce arbitrary data like inscription runes and lower node burdens.