Adam Back Rejects Satoshi Link to BIP 110 Proposal

Blockstream CEO Adam Back recently shut down rumors that Bitcoin creator Satoshi Nakamoto would have supported the BIP 110 proposal. The debate centers on a soft fork that seeks to limit the size of arbitrary data within Bitcoin transactions, specifically targeting inscriptions similar to Ordinals. Back was blunt in his assessment, noting that proponents of the fork have failed to generate significant miner support or interest.

Signaling data shows that only 0.86 percent of blocks currently support BIP 110, falling well below the 55 percent threshold required for activation. Back mocked the campaign for failing to gain financial momentum and predicted the effort will fail once mandatory signaling begins. He suggested that if the fork moves forward, it will quickly stall and become an abandoned chain.

As the industry watches the signaling deadline approach, the identity of Satoshi remains a frequent topic of debate. Back took the opportunity to distance himself from the founder while questioning the assumption that Nakamoto is dead. Bitcoin has maintained relative stability throughout this dispute, currently trading near 63,944 dollars.

The market is now focused on the mandatory signaling phase, which is expected to trigger around block 961,632. Traders should watch for any shifts in miner behavior as the deadline approaches, as this will determine the ultimate fate of the BIP 110 proposal.