BitcoinIsFuture on Nostr: From @elkrun21 on X What's behind BIP-110 opposition? Follow the money. Table at ...
From @elkrun21 on X
What's behind BIP-110 opposition? Follow the money. Table at bottom š
IMHO, the primary reason for opposition to BIP-110 is hundreds of millions of dollars behind dozens of companies currently (or planning on) exploiting SegWit and Taproot (and potentially OP_RETURN if they choose).
This is a lot of money introducing a ton of malincentives ... folks focused not on immutable money, but a bunch of non-bitcoin related stuff. Hundreds of Dapps, Bapps, Smart Contracts, RWAs, Ordinals, Tokens, etc.. It's also heavily burdening nodes with ~ 40% block space and UTXO bloat. All this seriously threatens decentralization which puts bitcoin's immutability at risk.
Most of these companies started in 2023, right after the first exploitation of SegWit/Taproot, Ordinals Inscriptions. Many are VC-backed.
This info is pulled using Grok ... multiple prompts to extract the following:
Companies and Projects Directly Negatively Impacted by BIP-110 Activation
Bitcoin ecosystem players reliant on inscriptions, arbitrary data embedding, Taproot script patterns, or L1 data postings targeted by BIP-110's restrictions (as of March 10, 2026). Sorted by Smart Contract platforms first, then Ordinal Inscriptions/BRC-20 projects.
I'm sure there are some inaccuracies in here (e.g., Magic Eden recently pulled the plug on Bitcoin support). But I think it's directionally correct.
It's going to take a concerted effort from the plebs to combat this.
Published at
2026-03-14 16:00:53 UTCEvent JSON
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"content": "From @elkrun21 on X\n\nWhat's behind BIP-110 opposition? Follow the money. Table at bottom š\n\nIMHO, the primary reason for opposition to BIP-110 is hundreds of millions of dollars behind dozens of companies currently (or planning on) exploiting SegWit and Taproot (and potentially OP_RETURN if they choose). \n\nThis is a lot of money introducing a ton of malincentives ... folks focused not on immutable money, but a bunch of non-bitcoin related stuff. Hundreds of Dapps, Bapps, Smart Contracts, RWAs, Ordinals, Tokens, etc.. It's also heavily burdening nodes with ~ 40% block space and UTXO bloat. All this seriously threatens decentralization which puts bitcoin's immutability at risk. \n\nMost of these companies started in 2023, right after the first exploitation of SegWit/Taproot, Ordinals Inscriptions. Many are VC-backed.\n\nThis info is pulled using Grok ... multiple prompts to extract the following: \n\nCompanies and Projects Directly Negatively Impacted by BIP-110 Activation\n\nBitcoin ecosystem players reliant on inscriptions, arbitrary data embedding, Taproot script patterns, or L1 data postings targeted by BIP-110's restrictions (as of March 10, 2026). Sorted by Smart Contract platforms first, then Ordinal Inscriptions/BRC-20 projects.\n\nI'm sure there are some inaccuracies in here (e.g., Magic Eden recently pulled the plug on Bitcoin support). But I think it's directionally correct. \n\nIt's going to take a concerted effort from the plebs to combat this.\nhttps://pbs.twimg.com/media/HDE6RrtaMAEmJg6.jpg",
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