BIP110: How Bitcoin Wins
summary
BIP110 is a temporary UASF that claims to stop onchain file abuse by converting policy limits into consensus for one year and grandfathering existing UTXOs. It already sees 15% of the network signaling and targets formats that enabled the 2023–24 spam wave that made the UTXO jumped from 4GB to 12GB. The proposal enforces rules like data pushes limited to 256 bytes, invalidates certain witness versions and opcodes, and uses miner signaling and node filters to make spam unreliable rather than impossible.
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chapters (12)
- 0:00Introduction to BIP 110
- 1:04Defining Bitcoin's success
- 2:20The case against fiat
- 4:40UASF as a defense mechanism
- 6:52Core principles of Bitcoin
- 10:36Culture as security
- 14:13The threat of Core 30
- 17:24The four attacks of data spam
- 25:10BIP 110 technical overview
- 30:48Signaling and activation
- 34:06Sovereignty and conclusion
- 37:34Q&A session
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