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BIP110 vs UASF: Do the Suitcoiners Control Bitcoin?

8/20/2026 · 12 min · transcript via whisper

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Key topics

BIP110's failure does not prove corporate miners or "suitcoiners" control Bitcoin; it reflects normal consensus dynamics.

The relationship between miners and nodes functions as push-pull or offense-defense: miners extend, nodes and users defend network integrity.

BIP110 lacked broad support from both users and miners (only ~1% miner alignment), unlike SegWit which had consensus on the change itself.

The UASF during the Block Size Wars was defensive in nature—users resisted an unwanted packaging of SegWit with contentious block-size increase, not forcing an unwanted change.

Broad consensus remains strictly required to change Bitcoin's consensus rules; no single faction (miners, corporations, developers) can unilaterally alter the protocol.

BIP110 attempted an offensive maneuver with minority support; Bitcoin's defensive power structure is strongest when resisting unwanted changes, not initiating contentious ones.

Market & price signals

None discussed.

Actionable insights

Verify your understanding of Bitcoin's consensus model: miners provide network extension; nodes and users provide defensive anchoring against rule changes they reject. Both layers are necessary and neither dominates unilaterally.

Monitor future soft fork proposals for the presence or absence of broad consensus across miners, developers, node operators, service providers, and traders—this is the metric that predicts success or failure in practice.

If you value Bitcoin's resistance to top-down control, run your own node and support hardware wallets and self-custody tools; the network's defensive strength depends on distributed economic participation.

Episode sponsorships

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