Michael Saylor: BIP-110 Receives Only 2.7% Block Support in Current Bitcoin Mining Difficulty Epoch

August 4th, Strategy founder Michael Saylor posted a message stating that during the current Bitcoin difficulty adjustment period, only 38 blocks (2.70% of the total) at block height 961,022 had set the BIP-110 flag in the version field of the block header, making the 55% activation threshold impossible. At 961,632, BIP-110 nodes will reject blocks that have not signaled support. Unless there is a major miner reversal, Bitcoin will continue to operate normally, while BIP-110 will stall or fork, becoming irrelevant. Supporters of BIP-110 should cease their advocacy.