Saylor Claims BIP-110 Fork Has Extremely Low Hash Power
Michael Saylor, founder of Strategy, stated that Bitcoin operates entirely as designed, and BIP-110 can fork freely but the network chooses not to follow.
About 99.85% of the hash power remains on the original network, with BIP-110 having mined only 2 blocks and lagging over 80; based on the 0.15% hash power estimate, it would need to mine 2015 more blocks to reach the first difficulty adjustment, which would take about 25 years.
The hash power and consensus remain on the main chain, and the fork lacks security and user support under event-driven circumstances, benefiting the mainnet while putting pressure on a minority of supporters.
Source: Public Information
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Saylor, as the largest corporate holder of Bitcoin, has long emphasized the stability and censorship resistance of the Bitcoin protocol; he has previously published multiple points opposing BIP-110, and this time he reinforces his position with actual hash power data.
The attempt to fork has rapidly stagnated under extremely low hash power, motivated by the need to prove that consensus must be achieved through hash power and user choice rather than unilateral announcements; similar paths can be seen in many failed fork proposals in Bitcoin's history.
In contrast to past soft and hard fork disputes, the current situation is characterized by highly concentrated mainnet hash power, making it difficult for niche proposals to gain substantial support.
This essentially represents a failure of technical substitution: forks lacking network effects cannot sustain themselves, as the mechanism binds security and economic incentives to the majority of hash power through proof of work.
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