#BIP-110 is already active on 425 nodes. For context, at the peak of the SegWit UASF there were only around 500 nodes enforcing it, and that was enough to force miners to fall in line. This is happening barely a day after release candidate 3 was published. For the first time in a while, I’ve got some renewed hope for Bitcoin.

Bitcoin Node Services

I wonder whether all the people who tried to convince us that filters don’t work, and who claimed they’d only support a soft fork that eliminates spam, will now start running BIP-110. If they’re intellectually honest, they should. More likely, this just confirms what many of us already suspected: hypocrisy. Bring the receipts, frens.

Some years ago this guy stood in front of the parliament and said outright that 80% of our society is quite stupid. He was right of course, but many people got offended and he was forced to apologise. Also this ended his political career. I’ve never seen better visual representation of how right he was. 😅

Bitcoiners often fantasize about the moment banks fail and fiat currencies hyperventilate. In that collapse fantasy lies moral vindication: “you should have listened,” followed by a sudden explosion of real purchasing power. But what if the same moment is awaited just as eagerly by the people pulling the strings? Crises are their raw material. They never waste one, and every rupture demands a new narrative for the next round of extraction. Now consider the uncomfortable possibility that Bitcoin isn’t actually ready for that moment. Broken clients. Mining centralisation. Governance that’s more opaque than we like to admit. Coins trapped behind KYC rails and regulated chokepoints. If the system breaks and Bitcoin breaks with it (or is captured in the process) what exactly are we claiming victory over?