Bankless · Thursday, August 13, 2026
A planned Bitcoin fork, BIP-110, designed to remove arbitrary data like ordinals from the blockchain, has failed. The fork, supported by only 2.5% of the hash power, was unable to mine blocks within a reasonable timeframe due to a difficulty adjustment oversight, effectively killing the initiative. This event has been characterized by some as the 'death of Bitcoin maximalism'.
“We're going to talk about the fork in Bitcoin land and why Nick Carter is calling this the death of Bitcoin maximalism.”
“This was like Bitcoin's forks, but it's still notable nonetheless. A January 6th insurrection, like not a real insurrection. Wow. Yes. Yes. Even less than that, though, I would say.”
“And so the difficulty for mining a Bitcoin block stayed where it was, but they only had 2.5% amount of hash power. So the typical block was supposed to be like, or is going to be mined in some time in like the next year or something rather than the next 10 minutes.”