BIP-110 is literally replacing Bitcoin's neutral fee market with human judgment on which transactions "deserve" block space.
This isn't optimization. This is centralized policy-making disguised as an upgrade.
We're watching $BTC slowly morph into Central Banking 2.0 in real time. The entire point of Bitcoin was trustless, permissionless, market-driven allocation.
Now we're debating who gets to decide what's "worthy" of blockspace?
This is how capture starts. Not with a bang, but with "reasonable" proposals that sound technical but shift power from code to committees.
If you're not paying attention to governance layer creep, you're ngmi.
This isn't optimization. This is centralized policy-making disguised as an upgrade.
We're watching $BTC slowly morph into Central Banking 2.0 in real time. The entire point of Bitcoin was trustless, permissionless, market-driven allocation.
Now we're debating who gets to decide what's "worthy" of blockspace?
This is how capture starts. Not with a bang, but with "reasonable" proposals that sound technical but shift power from code to committees.
If you're not paying attention to governance layer creep, you're ngmi.