PlanB said on July 25 that he opposes Bitcoin Improvement Proposal 110, or BIP-110, arguing that supporters of the fork do not fully understand three issues: Bitcoin is a decentralized bearer asset, Bitcoin enthusiasts dislike spam even more than they do, and the reasons the earlier Bitcoin Cash split failed. The proposal is framed as a temporary soft fork that would add seven consensus restrictions for roughly one year, including limits on new script public key length, parts of pushed data and witness item sizes, and the disabling of some Taproot extension paths. Its stated aim is to sharply reduce arbitrary non-payment data embedded in Bitcoin transactions, such as inscriptions and runes, cut node burden, curb spam data, and keep Bitcoin focused on monetary use. Miner support is currently about 1%, far below the 55% threshold required for passage, leaving its chances of becoming a formal Bitcoin main-chain rule very slim. A final outcome is expected around August 7 to 8, when the mandatory signaling window opens.
PlanB said on July 25 that he opposes Bitcoin BIP-110 and the proposed fork tied to it, according to BlockBeats.
In PlanB's view, supporters of the fork have not truly understood three points: that Bitcoin is a decentralized bearer asset, that Bitcoin enthusiasts dislike spam more than they do, and why the earlier Bitcoin Cash, or BCH, fork failed.
BIP-110 would add seven consensus restrictions
BIP-110 is a temporary soft fork proposal that would add seven consensus restrictions over a validity period of about one year. The measures include limits on the length of new script public keys, limits on parts of pushed data and witness item sizes, and the disabling of some Taproot extension paths.
The proposal is designed to sharply reduce the amount of arbitrary non-payment data that can be embedded in Bitcoin transactions, including inscriptions and runes. Its stated goals are to reduce node burden, curb spam data, and keep Bitcoin focused on monetary use.
Miner backing remains near 1%
Miner support for BIP-110 is currently only about 1%, far below the 55% needed for passage. Based on that level, the proposal has little chance of passing and is seen as nearly impossible to become a formal rule on the Bitcoin main chain.
A final outcome is expected around Aug. 7 to Aug. 8, when the mandatory signaling window is scheduled to open.
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