Opinion: The failure of BIP-110 is seen as a strong signal for Bitcoin, as the network's consensus mechanism and governance resilience are once again validated.

Odaily Planet Daily News Nakamoto, a Nasdaq-listed Bitcoin treasury company, Chairman and CEO David Bailey stated that the so-called long-term controversy related to BIP-110 and "governance layer conflict attempts" ultimately failed, which is "extremely bullish" for Bitcoin in terms of outcomes, further strengthening the stability of its network consensus.

David Bailey stated that this event is regarded as a complex multi-year information warfare process involving multiple factors such as mining pool competition, alternative clients, UASF mobilization, node consensus manipulation controversies, and widespread public opinion confrontation on social media. Even in a highly complex environment of information dissemination and community mobilization, the relevant camp still failed to gain significant hash power support, with a share "even less than 1%," indicating that miners and economic participants generally follow mainstream social consensus. This outcome validates the core characteristic of Bitcoin's governance structure: network consensus is formed jointly by users, miners, developers, and industry participants, rather than being dominated by a single group. At the same time, he pointed out that historical cases have already shown that miners find it difficult to deviate from social consensus, and this event further reinforces this conclusion.

However, he also emphasized that this event exposed the vulnerability of Bitcoin's core developer collaboration layer in terms of information coordination, as it currently relies too heavily on public social platforms for communication, making it more susceptible to information manipulation and content amplification, thereby significantly increasing community coordination costs. This controversy consumed a large amount of community time and attention resources, and he believes that in the future, the industry should more actively participate in the governance process of Bitcoin Improvement Proposals (BIP) to enhance collaboration efficiency and reduce ineffective internal friction.

David Bailey concluded that Bitcoin demonstrated strong resistance to fragmentation in this event, and emphasized that "technological rationality and economic consensus will ultimately dominate the direction of network development."