From @elkrun21 on X What's behind BIP-110 opposition? Follow the money. Table at bottom 👇 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. image

Replies (6)

Kush's avatar
Kush 3 weeks ago
Bang on the money!
Interesting take on BIP-110. I didn’t think about the fact that, if Nodes balloon in size, that will force nodes out of the hands of regular people, and centralize it under corporations with large bank accounts. View quoted note →