Nakamoto Chairman: 'BIP-110 Failure' Is Extremely Bullish for Bitcoin, Governance Structure Validated Again
PANews July 4 news, Bitcoin treasury company Nakamoto Chairman and Bitcoin Magazine Chairman David Bailey stated that the failure of the so-called 'BIP-110' long-term controversial event is, in outcome, 'extremely bullish' for Bitcoin, and believes this further validates the network's resistance to attack and splitting. David Bailey said the event is seen as a years-long 'governance layer conflict attempt,' involving multiple games such as mining pool competition, client fork proposals, UASF (User Activated Soft Fork) mobilization, node consensus manipulation controversy, and a large-scale information warfare surrounding social media and developer communities. Even under highly complex coordination and dissemination environments, the relevant camp still did not gain significant hashrate support, accounting for 'even less than 1%,' showing that miners and economic participants have not deviated from mainstream social consensus.



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