Bitcoin BIP-110 Proposal Miner Support Rate Below 1%
The Bitcoin BIP-110 proposal has a deadline approaching in early August, and the current miner support rate remains below 1%, facing significant resistance.
The proposal aims to limit OP_RETURN data capacity within a year, prohibiting most arbitrary data exceeding 256 bytes and certain storage scripts, primarily to reduce non-financial data on the blockchain.
In market mechanisms, data storage users become the main sellers, with payment-focused factions pushing for restrictions while storage factions oppose them. The flow of funds is not directly affected, but the operating costs of nodes and the pricing power of block space have become the core of the controversy, putting pressure on storage-related projects.
Source: Public Information
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Michael Saylor has long advocated for Bitcoin as digital gold and a corporate reserve asset, having publicly supported larger block sizes to accommodate more economic activity. Adam Back, co-founder of Blockstream, emphasized protocol stability during Bitcoin's early development and has repeatedly opposed attempts to convert non-consensus preferences into hard rules.
In terms of capital pathways, MicroStrategy, where Saylor is located, binds corporate balance sheets through substantial Bitcoin holdings, while Blockstream, led by Adam Back, focuses on sidechain and Lightning development to expand functionality rather than impose restrictions on the main chain. Both have mobilized community and miner consensus through public statements to avoid risks of chain splits that could affect Bitcoin's attractiveness as a store of value.
Similar to the block size controversy during the activation of SegWit in 2017 and multiple debates on OP_RETURN expansion, Bitcoin is currently in a long-term tug-of-war between core payment and general data platform.
Essentially, this represents a transformation of regulatory changes into consensus rules: the proposal attempts to solidify block space usage policies into code through a soft fork. Mechanically, due to a lack of widespread support from miners and nodes, it risks triggering a UASF-style split, highlighting the structural constraints under Bitcoin's decentralized governance that make it difficult for minorities to impose their preferences.
ABAB News · Law of Cognition
- Consensus is not the opinion of the majority, but the threshold of miner signals.
- If you want to use rules to restrict others, first consider whether you can bear the cost of a split.
- The purer the protocol, the more applications migrate outward; the looser the capacity, the more disputes move inward.