Michael Saylor: Bitcoin Code Is a Constitution, Changes Are Attacks on 'Economic Rights'
Michael Saylor: Bitcoin Code Is a Constitution, Changes Are Attacks on 'Economic Rights'
The argument is that miners collect a one-time fee for including those payloads, while every full node operator has to bear the long-term storage, bandwidth, and validation costs. From their perspective, this is not censorship per se, but more a protection of a scarce public resource, i.e., the blockchain's capacity.
BIP-110's mandatory signaling window—the point at which nodes running the proposal's software begin rejecting non-compliant blocks—opens around August 9, at block 961,632. Miner support sits at 2.64%, well short of the 55% required for...