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Bitcoin market to reject BIP110 proposal due to major flaws, says Blockstream co-founder Adam Back

Market News
03 Nov 2026, 13:09 WIB
Tokenpost
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Neutral
Bitcoin market to reject BIP110 proposal due to major flaws, says Blockstream co-founder Adam Back

Adam Back, co-founder of Blockstream, criticized the BIP110 proposal for Bitcoin, calling its initial technical review a serious failure with major flaws. He expressed concern that supporters are pushing the proposal forward without revising it based on feedback. Back also commented on "BIG BITCOIN" memes, saying they are well-intentioned efforts to help people understand Bitcoin's immutability. This highlights ongoing debates in the Bitcoin community about protocol changes and market acceptance.

Adam Back's views on Bitcoin come as Pluang reports 11 of 50 major cryptocurrencies rose and 38 fell today. Notable movers include XLM at Rp2.928 with a 3.65% decline and 99% sell activity, ZIL at Rp32 down 3.51% with 63% sell orders, and AXS at Rp15.028 falling 3.50% with 38% sell activity. This data is as of Nov 03, 2026 17:51 WIB.

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