A heated clash over Bitcoin’s BIP-110 soft fork keeps heating up since critics claim the change might wreck a few wallets and trap some BTC forever in useless states.
Wallets at Risk From the Fork 🦇
Crypto advisor Farside Investors fired back against Fred Krueger’s June 28 X post where he pushed the upgrade. Krueger said on X that nothing about Bitcoin’s core rules would shift, keeping the 21 million supply, proof-of-work, Lightning, multisig and addresses all intact.
“The primary effect is that large arbitrary data used by Ordinals, Runes, and similar protocols would no longer be valid,” he noted.
Farside shot that down though and pointed out how BIP-110 would axe several Taproot tricks like the OP_IF opcode that Miniscript loves. Their thread explains that after activation, Miniscript wallets could still spit out addresses using those banned scripts.
Funds sent there might look fine at first yet turn unspendable once the new rules kick in since spending conditions get wiped. Even the newest Bitcoin Knots build backing this fork could accidentally mint such broken addresses itself.
Farside also flagged the ban on fresh pay-to-public-key outputs, an old script type still guarding over 1.7 million BTC from Bitcoin’s early era. Existing ones stay spendable but some edge cases could freeze coins short-term or open theft windows despite the built-in protections and one-year limit. Activation needs 55 percent miner signals in a difficulty window or else it forces through signaling at block 961632 around August 2026.
Bloat Fight Spills Past Wallets 🌑
The whole BIP-110 drama ties into bigger fights over what clogs Bitcoin space, with supporters arguing Ordinals and BRC-20 junk create pointless weight while leaving monetary policy untouched.
The Block Runner podcast pushed back hard though and noted the 126.7 million inscriptions hold just 1.267 BTC total, basically nothing in the sea of value. They added that miners like AntPool, ViaBTC, SpiderPool, F2Pool and Luxor actually gain from it to pad the security budget as BIP-110 sits with weak backing.
Network usage stayed strong even while prices dipped, with CryptoQuant data showing demand near highs despite BTC sliding under 60000. 💀
Just another echo from the void by iconofsin.eth 💖
