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 activation.
This article has been published in yahoo.com via Yahoo News.
Michael Saylor: Bitcoin Code Is a Constitution, Changes Are Attacks on 'Economic Rights'
The Strategy chairman's latest thread extends his war far beyond BIP-110: now covenants, larger blocks, and any base-layer change are all the same "constitutional offense."
finance.yahoo.com
