We Actually Read BIP 110

<p>The BIP 110 fight has been all mudslinging, so we did something radical: we actually read the BIP. Why the filters won't work and why it probably ends in a fork. Plus: Strategy's never-sell era is over, a $21M DAO drain that broke no rules, Kraken's $22M Choke Point 2.0 win, and StackingDAO's stBTC ahead of Bitcoin staking on Stacks. <br /><br />In this episode of Good For Bitcoin, Brandon and Kate discuss: </p><ul><li>The main event: BIP 110. Instead of mudslinging, we read the BIP itself — what it actually proposes, why the filters keep failing (prune ordinals, unprunable stamps appear), and its own admission that raising costs mostly 'sends a message.' Likely endgame: it fails and forks, BCH/BSV-style. Even Saylor weighed in — 'Bitcoin still has no spam problem.'</li><li>The never-sell era is over: Strategy sold 3,588 BTC (~0.4% of its stack) to fund $21.6M of STRC-family dividends — obligations now structurally require selling. Elsewhere: Strive added 18 BTC (19,882), OranjeBTC added 5 (3,904), Empery sold 1,400 — nearly half its stack, Boyaa added 108 (4,201), American Bitcoin hit 8,000.</li><li>StackingDAO announced stBTC — liquid-staked Bitcoin for the Bitcoin staking launch on Stacks: ~2.6% base yield paid in BTC, liquid across Stacks DeFi, no STX exposure needed. Launching just ahead of the staking release.</li><li>The Bonk DAO drain: someone spent $4.4M acquiring 1% of BONK's supply, proposed draining the treasury, and passed the vote — $21.2M gone, $16.8M net profit, and nobody voted no. Exploit, or governance working exactly as designed?</li><li>Choke Point 2.0 justice: Kraken is set to collect $22M from auditor Mazars, which quit days before finishing a clean 2023 audit. FOIA docs later showed the FDIC privately told banks to drop crypto clients. A precedent for everyone who got debanked.</li><li>Read the fine print: Strike unveiled volatility-proof loans — no price-triggered liquidations for the six-month term, 45% max LTV, ~13% all-in APR. Binance launched a covered-call Bitcoin yield product: 0.41% APR, minus a 15% cut of the premiums. Self-custodial staking pays more.</li><li>Quick hits: Tennessee banned Bitcoin ATMs; Circle got OCC approval for a national trust bank charter (stock +10%); Polymarket added instant Bitcoin deposits over Lightning, powered by Spark; and SIP 44 &amp; 45 — Bitcoin staking and Clarity 6 — are live for voting — go vote yes.</li><li>Follow the show on X — @goodforbtc.</li></ul><p> <br /><b>Hosts:</b> </p><ul><li>Brandon Marshall — <a rel="noopener noreferrer nofollow" href="https://x.com/marshallmixing" target="_blank">@marshallmixing</a></li><li>Kate Parkman — <a rel="noopener noreferrer nofollow" href="https://x.com/katemparkman" target="_blank">@katemparkman</a></li></ul><p> <br /><b>Subscribe &amp; Follow:</b> </p><ul><li><a rel="noopener noreferrer nofollow" href="http://goodforbitcoin.com" target="_blank">goodforbitcoin.com</a></li><li><a rel="noopener noreferrer nofollow" href="https://www.youtube.com/@GoodForBitcoin" target="_blank">YouTube</a></li><li><a rel="noopener noreferrer nofollow" href="https://open.spotify.com/show/5U1THeUKH0kCnUHXwCm76o" target="_blank">Spotify</a></li><li><a rel="noopener noreferrer nofollow" href="https://music.amazon.com/podcasts/da978fdc-d1e9-4df7-acd0-922f254184c5/good-for-bitcoin" target="_blank">Amazon Music</a></li><li><a rel="noopener noreferrer nofollow" href="https://podcasts.apple.com/us/podcast/good-for-bitcoin/id1777877674" target="_blank">Apple Podcasts</a></li><li><a rel="noopener noreferrer nofollow" href="https://pca.st/2jjlopxd" target="_blank">Pocket Casts</a></li><li><a rel="noopener noreferrer nofollow" href="https://anchor.fm/s/f9f164f0/podcast/rss" target="_blank">RSS</a></li></ul>