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Author Topic: Bitcoin vote on BIP-110: 98% said NO (11.57 BTC)  (Read 84 times)
Koinvote (OP)
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March 16, 2026, 03:10:55 AM
 #1

Recently I hosted a Bitcoin vote about the proposal:

Should Bitcoin activate BIP-110?

Participants only needed to sign a Bitcoin message with their address to join. 
No coins were moved and no custody was required.

Total participation: 11.57 BTC

Result:
• No — 98.37% 
• Yes — 1.63%

Interesting contrast with Twitter sentiment

On Twitter, both camps appear much closer in support.

You can see the rough sentiment tracking here:
https://consensus.health

From that data, it looks like the debate around BIP-110 is relatively balanced between supporters and opponents.

However, when the same question is asked through a Bitcoin-signed vote, the outcome looks dramatically different.

Instead of a close race, the result was overwhelmingly against activation.

A possible interpretation

Putting aside the subjective merits of BIP-110, this result raises an interesting question.

If a proposal receives overwhelming opposition in a vote where participants reveal their Bitcoin addresses and balances, can the result be interpreted as a market signal?

In this case, 98.37% of the participating BTC opposed activation.

One possible conclusion is that if BIP-110 were activated, the market reaction could be negative for Bitcoin’s price.

Question

Putting aside the subjective merits of BIP-110, do you think this Bitcoin vote suggests that if BIP-110 were activated, it could be negative for Bitcoin’s price?
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March 16, 2026, 03:21:34 AM
 #2

The contrast between the Twitter poll and Bitcoin vote isn't much really; 66% to 23% is hardly a balance between supporters and opponents.
The difference may be because the Bitcoin core has a much smaller number of participants, but the sentiment is the same in both.

About your question, I do not think you can use this as a market signal at all. Demand and supply is what moves the price, I not agreeing with a certain BIP does not mean it will change my perception of Bitcoin or how I value it

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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
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Koinvote (OP)
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March 16, 2026, 03:42:25 AM
 #3

The contrast between the Twitter poll and Bitcoin vote isn't much really; 66% to 23% is hardly a balance between supporters and opponents.
The difference may be because the Bitcoin core has a much smaller number of participants, but the sentiment is the same in both.

About your question, I do not think you can use this as a market signal at all. Demand and supply is what moves the price, I not agreeing with a certain BIP does not mean it will change my perception of Bitcoin or how I value it

You’re right that price ultimately comes from supply and demand.
But one element might be missing in that reasoning: the scenario where a BIP that someone disagrees with is actually adopted.
For example, if a proposal were perceived as changing something fundamental about Bitcoin (such as the supply cap), some holders might decide to sell.
If that happens, it would increase supply on the market, which could put downward pressure on price.
So the question is not simply whether people *agree or disagree* with a BIP, but what they might do if the change were actually implemented.
That’s why I find the result of this Bitcoin vote interesting. If 98% of the participating BTC opposed activation, could that indicate that adoption of BIP-110 might trigger selling from some holders?
Not necessarily a definitive signal, but perhaps an early indication of potential market reaction.
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March 16, 2026, 04:14:47 AM
 #4

That’s why I find the result of this Bitcoin vote interesting. If 98% of the participating BTC opposed activation, could that indicate that adoption of BIP-110 might trigger selling from some holders?
Not necessarily a definitive signal, but perhaps an early indication of potential market reaction.
In most cases, for a BIP to get approval you need very close to 100% support for it from nodes. If this happens there is little to no risk of a market reaction as it is generally by accepted by everyone.

If it is a proposal that affects the fundamentals of Bitcoin and general consensus is not reached, you could get a hard fork splitting the parties in different directions. This would also mean that the price of "Bitcoin" doesn't get affected by the outcome.

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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
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  CHECK MORE > 
Koinvote (OP)
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March 16, 2026, 04:51:23 AM
 #5

That’s why I find the result of this Bitcoin vote interesting. If 98% of the participating BTC opposed activation, could that indicate that adoption of BIP-110 might trigger selling from some holders?
Not necessarily a definitive signal, but perhaps an early indication of potential market reaction.
In most cases, for a BIP to get approval you need very close to 100% support for it from nodes. If this happens there is little to no risk of a market reaction as it is generally by accepted by everyone.

If it is a proposal that affects the fundamentals of Bitcoin and general consensus is not reached, you could get a hard fork splitting the parties in different directions. This would also mean that the price of "Bitcoin" doesn't get affected by the outcome.

I understand the point about node consensus.
But I’m curious about a slightly different scenario.
What if almost all nodes agree to adopt a change, while a large portion of Bitcoin holders dislike it?
Nodes determine the rules of the network, but holders still control the supply that can enter the market. If a change were widely perceived by holders as harmful to Bitcoin’s fundamentals, some of them might decide to sell.

In that case, could a negative market reaction still happen even if node consensus is close to 100%?
ABCbits
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March 16, 2026, 08:54:26 AM
 #6

Question

Putting aside the subjective merits of BIP-110, do you think this Bitcoin vote suggests that if BIP-110 were activated, it could be negative for Bitcoin’s price?

Yes, assuming BIP 110 activated by barely received 55% of miner hashrate support. There's possibility it'll cause network/chain split that confuse people (such as selling wrong coin), especially if there's no protection against replay attack.

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.WHERE EVERYTHING IS A MARKET..
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
██
██







██
██
██████

  CHECK MORE > 
alani123
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March 18, 2026, 06:03:36 AM
 #7

This problem is not with the soft fork. This is an issue that will never interest the miners, who are the actual group that matters, into adopting it.

It's a radical proposal against many taproot proposals that have historically been abused, but it's also a vanity proposal in that it achieved very little and isn't worth taking any risks on.

Let's see a quote from the proposal's GitHub;

Quote
Won't spammers just spread their data over multiple fields?

While it is impossible to fully prevent steganography, limiting data sizes ensures such abuses are non-contiguous and obfuscated within another intended meaning (script code, structure, etc). As far as Bitcoin is concerned, the data has some meaning other than the spammers' misinterpretation, and any external code to "reassemble" the unintended data is responsible for producing it (it is possible to write code that transforms *any* data into any other data - what matters is that Bitcoin has a well-defined meaning that is distinct from the unsupported one). Requiring users to divide their files into chunks of at most 256 bytes, raising the cost both in fees and in effort, sends a clear message that data storage abuses in general are unwelcome rather than sanctioned or supported.

So why should the bitcoin network go through an intentional fork when the proposed solution solves nothing and is mostly symbolic?
Politically speaking understand that a more radical proposal couldn't get as much traction. LukeJr has managed pushing through with Knots by letting others justify the message over what seems a just cause.

I just wonder why these people won't go further. Do we want BTC to be a medium of exchange in a peer to peer fashion? Making spam a tad bit more expensive isn't solving the problem by its root. The root is how limited the block space is. If spammers really want to clog the chain it's much cheaper for them to do on 1MB+1vMB blocks than let's say a dynamically adjusted block size that will eat spam for lunch while allowing transactions to go through normally.

Computers and internet infrastructure of today are already light years ahead of 2013. Even a decentralised network like BTC can take a 5x increase in node size and tx capacity. Let's talk another 5x in a few years too, maybe 5 years this time instead of 13.

Let's have both the spam protection as well as bigger and dynamically adjusting block space.

I've yet to hear a good refute on this. Jeff Garzik and Gavin Andersen were essentially ousted from the Core development over theirs support of something that seemed to make perfect sense even then. Why won't some people just admit they were wrong and move on? It's been a decade.


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