TLDR Crypto · MARKETS & BUSINESS

THE BITCOIN FORK THAT LASTED TWO BLOCKS

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Summary from the TLDR Crypto newsletter

BIP-110, a soft fork co-authored by Luke Dashjr targeting Ordinals, BRC-20, Runes, and oversized OP_RETURN at the consensus layer, lasted two blocks after receiving only 2.53% miner signaling (51 of 2,016 blocks), all from Ocean pool, well short of its 55% activation threshold. A Stratum configuration error at Ocean had routed operators onto the minority chain for approximately 18 hours without their consent, triggering a 96% hashrate exodus, roughly 0.3 BTC in direct rebates, and internal calls for leadership changes. BIP editors removed Dashjr from his editorial role within one day, citing conflict of interest, while BIP-110 proponents pivoted to proposing a PoW algorithm change to override miner opposition. The failed fork confirmed that Bitcoin soft forks require broad miner buy-in to survive, leaving inscription opponents without a viable consensus-layer remedy.