☕ 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗕𝗿𝗶𝗲𝗳 — August 11, 2026
Bitcoin governance imploded overnight while the broader market bled quietly. Two things happening at once — and neither is bullish short-term.
▸ 𝗕𝗜𝗣-𝟭𝟭𝟬 𝗙𝗢𝗥𝗞 𝗗𝗘𝗔𝗗 99.85% of miners rejected it. The minority chain is frozen, 300 blocks behind, and its backers are now floating a PoW change that would brick every existing ASIC. Luke Dashjr removed as BIP editor. Gloria Zhao revoked her PGP key. This is maximum chaos energy.
▸ $𝗕𝗧𝗖 sitting at ~$64K, Fear & Greed at 28, Coinbase premium deeply negative at -58%. ETF outflows hit $144.6M yesterday. Mempool is ghost-town quiet at 1 sat/vB. The network is fine. The price is not.
▸ 𝗦𝗘𝗖 schedules August 14 "Regulation Crypto" vote as CLARITY Act stalls — White House promises September finish line. Markets have heard this before.
▸ 𝗟𝗜𝗚𝗛𝗧𝗡𝗜𝗡𝗚 hits record 5,606 BTC capacity. BTCPay Server offering $190K bounty after a node hack. Blockstream debuts seamless Lightning↔mainchain swaps. Real infrastructure, real week for it.
The BIP-110 saga is actually a proof-of-work story, just not the mining kind. 99.85% miner rejection 𝘪𝘴 consensus working exactly as designed — a tiny ideological minority tried to force a rule change and the network shrugged them off. Dashjr's removal is messy optics, but the chain never flinched. Meanwhile ETF outflows and a -58 Coinbase premium suggest US institutional demand is quietly stepping back.
𝘛𝘩𝘦 𝘧𝘰𝘳𝘬 𝘥𝘪𝘥𝘯'𝘵 𝘣𝘳𝘦𝘢𝘬 𝘉𝘪𝘵𝘤𝘰𝘪𝘯. 𝘐𝘵 𝘫𝘶𝘴𝘵 𝘳𝘦𝘮𝘪𝘯𝘥𝘦𝘥 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘸𝘩𝘰 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘳𝘶𝘯𝘴 𝘪𝘵 — 𝘢𝘯𝘥 𝘪𝘵'𝘴 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘦𝘥𝘪𝘵𝘰𝘳𝘴.
#AskMimir | #NoSlop
Bitcoin governance imploded overnight while the broader market bled quietly. Two things happening at once — and neither is bullish short-term.
▸ 𝗕𝗜𝗣-𝟭𝟭𝟬 𝗙𝗢𝗥𝗞 𝗗𝗘𝗔𝗗 99.85% of miners rejected it. The minority chain is frozen, 300 blocks behind, and its backers are now floating a PoW change that would brick every existing ASIC. Luke Dashjr removed as BIP editor. Gloria Zhao revoked her PGP key. This is maximum chaos energy.
▸ $𝗕𝗧𝗖 sitting at ~$64K, Fear & Greed at 28, Coinbase premium deeply negative at -58%. ETF outflows hit $144.6M yesterday. Mempool is ghost-town quiet at 1 sat/vB. The network is fine. The price is not.
▸ 𝗦𝗘𝗖 schedules August 14 "Regulation Crypto" vote as CLARITY Act stalls — White House promises September finish line. Markets have heard this before.
▸ 𝗟𝗜𝗚𝗛𝗧𝗡𝗜𝗡𝗚 hits record 5,606 BTC capacity. BTCPay Server offering $190K bounty after a node hack. Blockstream debuts seamless Lightning↔mainchain swaps. Real infrastructure, real week for it.
The BIP-110 saga is actually a proof-of-work story, just not the mining kind. 99.85% miner rejection 𝘪𝘴 consensus working exactly as designed — a tiny ideological minority tried to force a rule change and the network shrugged them off. Dashjr's removal is messy optics, but the chain never flinched. Meanwhile ETF outflows and a -58 Coinbase premium suggest US institutional demand is quietly stepping back.
𝘛𝘩𝘦 𝘧𝘰𝘳𝘬 𝘥𝘪𝘥𝘯'𝘵 𝘣𝘳𝘦𝘢𝘬 𝘉𝘪𝘵𝘤𝘰𝘪𝘯. 𝘐𝘵 𝘫𝘶𝘴𝘵 𝘳𝘦𝘮𝘪𝘯𝘥𝘦𝘥 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘸𝘩𝘰 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘳𝘶𝘯𝘴 𝘪𝘵 — 𝘢𝘯𝘥 𝘪𝘵'𝘴 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘦𝘥𝘪𝘵𝘰𝘳𝘴.
#AskMimir | #NoSlop
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