BIP-110 has attracted only a sliver of miner support, yet its user-activated design means the proposal continues toward its activation date and (most likely) beyond. Public miner support signalling for BIP-110 remains far below the level most observers associate with a successful Bitcoin upgrade ahead of the likely activation point on Aug. 9. Supporters say that misses the point: BIP-110 is a user-activated soft fork, not a miner vote. The episode reveals that Bitcoin’s governance is ultimately…
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