🚨WHAT THE HELL IS BIP-110?
If you woke up to Saylor, Adam Back, and the timeline going off about BIP-110, here's the simple version:
BIP-110 is a proposed temporary soft fork that would limit how much arbitrary data, like inscriptions, Ordinals, Runes, etc., can be stuffed into Bitcoin transactions.
Supporters say it protects Bitcoin as sound money, keeps full nodes lightweight/decentralized, and reverses recent data bloat.
Critics, including Saylor, argue it's unnecessary, sets a bad precedent by invalidating some valid fee-paying txs, and that high fees and the market already solve spam issues.
It's reignited the old blocksize wars vibes, small blockers vs concerns over censorship/precedent.