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Bitcoin didn’t crash today. Something more interesting happened: a governance experiment did. 👀 I’m Cige, and today I’m not talking about candlesticks. I want to talk about who gets to decide what Bitcoin should be. On August 9, Bitcoin reached block height 961,632, and nodes supporting BIP-110 entered the mandatory signaling phase. The result was essentially a minority chain splitting away from the Bitcoin mainnet. And then… it almost stopped moving. The forked chain mined just 2 blocks in roughly 8 hours. By August 10, it was sitting around block 961,633, while the Bitcoin mainnet had pushed beyond 961,833 — a gap of more than 200 blocks. A highly publicized attempt to change Bitcoin's rules went from launch to near-stagnation in less than a day. So what exactly happened? BIP-110, proposed by anonymous developer Dathon Ohm in December 2025, is known as the Reduced Data Temporary Soft Fork. Its basic idea is simple: temporarily restrict non-financial data inscriptions such as Ordinals, BRC-20 and Runes from occupying Bitcoin block space. Supporters believe these inscriptions consume scarce block space, increase fees, and move Bitcoin away from its original role as a monetary network. But here's where things get interesting. Bitcoin doesn't have a CEO. There is no central authority that can simply say, "This is the rule now." Protocol changes need consensus. BIP-110 set its activation threshold at 55%, already much lower than the traditional 95% BIP-9 threshold. Yet miner support during the signaling period remained tiny — roughly 0.31% to 2.5%. In the final 2,016-block difficulty period, only 51 blocks signaled support — about 2.53%. That's nowhere close to the 55% required. And once the minority chain launched, the numbers told an even clearer story. It inherited roughly 127.48 trillion mining difficulty from Bitcoin, but attracted very little hash power. The chain would need roughly 350 days for its next difficulty adjustment, compared with around 14 days on the Bitcoin mainnet. #DailyOrbit