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Michael Saylor and Blockstream's Adam Back publicly opposed BIP-110, a proposal to restrict Ordinals-style arbitrary data on Bitcoin, escalating a protocol governance dispute even as Ordinals transaction activity has declined for two years. The fight matters less for near-term BTC price than for market structure: contested soft-fork debates raise perceived chain-split and client-fragmentation risk, which institutions like Strategy cite as a threat to Bitcoin's monetary-asset thesis. Watch whether major node operators or mining pools signal support for BIP-110; broad miner adoption would be the trigger that turns a social-media debate into a tradable governance risk for BTC.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BTC, MSTR.
Original Source: Cointelegraph
This page is market information analysis, not investment advice.
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