$CASHCATS
Trending UpSnapshot Window: 2026-08-09 21:40 UTC · ← Back to Crypto Overview
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Bip110 has failed and I feel pretty disillusioned about Bitcoin. I’m not sure how much you’ve been keeping up with BIP110, but it would be good to get your views on what yesterday’s outcome had on your Bitcoin thesis. Seeing the Bip110 chain stall straight out the gate with very low hash rate despite c.20% nodes signalling for BIP110 with no URSF was very disappointing although not totally unexpected. I suppose we’ll have to wait for the dust to settle but it really brought to life the risks that come with mining pool centralisation with the likes of foundry and F2 pool etc and large amounts of bitcoin held on exchanges. Whilst Foundry supposedly asked their clients to vote as to whether they should mine BIP110 compliant blocks, it was a shame to see them not signal activation. Seeing the miners with such a grasp on protocol changes is worrying and it makes me question how decentralised bitcoin really is now with the risk of key miners being coerced into following large corporate interests.