Saylor Publishes 110-Point Essay Against BIP-110 as Miner Signaling Stays Below 1% and Soft Fork Nears Failure

BIP-110, a controversial Bitcoin soft fork targeting non-financial data embedding, is collapsing under near-zero miner support while community opposition, led by Saylor and Back, intensifies.

Michael Saylor published a 110-point essay formally opposing BIP-110, the proposed Bitcoin soft fork that would enable transaction filtering, arguing it is a bad idea for the base layer. Miner signaling for BIP-110 remains below 1% of hash rate, and the proposal is tracking toward failure ahead of its August deadline. Saylor's opposition runs alongside his broader argument for preserving Bitcoin's peer-to-peer base layer without protocol-level filtering.