Saylor Says BIP-110 Bitcoin Update Can’t Reach Miner Support Threshold
Bitcoin bull Michael Saylor says the proposed BIP-110 update cannot pass in the current cycle. He argues it is mathematically impossible for BIP-110 to reach the 55% volunteer support threshold during this difficulty adjustment period.
Saylor cites block-signal data: 946 blocks were produced up to block 960,561, but only 24 blocks included the BIP-110 support signal in the version field. He adds that all signaling blocks came from DATUM miners using the OCEAN mining pool, with no support signals from miners outside OCEAN. Therefore, Saylor says the signals do not represent broad miner consensus.
BIP-110 targets tighter rules around non-financial data (e.g., large text/photos) on Bitcoin, aiming to reduce “unnecessary data” that could clutter the network. Saylor opposes it, arguing the Bitcoin protocol should not decide what data is necessary and that automated or concentrated signaling can make support appear higher than it actually is.
Net: Saylor’s assessment suggests the BIP-110 path faces a credibility problem with miner-wide adoption, making the outcome more likely to be “no activation” for this round of the Bitcoin governance process.
Bullish
Saylor’s claim implies BIP-110 is unlikely to activate because the measured support signals are too narrow (only 24 of 946 blocks, concentrated in DATUM miners via OCEAN). For traders, this reduces the probability of an unexpected protocol-policy change, which often supports BTC’s perceived “stability premium.”
In the short term, news that a contentious Bitcoin update appears stuck can attract buyers seeking reduced regulatory/technical uncertainty. In the longer term, however, it highlights that governance signals can be concentrated and potentially confusing—so traders may keep monitoring subsequent signaling rounds, miner coordination, and adoption metrics before taking strong long positions.
Historically, BTC tends to react positively when proposed changes show signs of failing to secure broad consensus, because it lowers the risk of “surprise” rule shifts. Still, if later cycles show wider participation, the narrative could flip, so the market impact is bullish but with an “expect volatility” caveat.