Musk’s SpaceX and Starlink Hijacked as ‘SCATMAN’ Memecoin Rockets to $32M on Robinhood Chain
Attackers seized the official X accounts of SpaceXAI and Starlink on Sunday to promote a memecoin called Scam Altman (SCATMAN), which briefly…
The ongoing debate over a proposed temporary fork comes despite a broad downturn in Ordinals transaction activity over the last two years.
![]()
Written by Brayden Lindreastaff writerReviewed by Robert Lakinstaff editor
Written by Brayden Lindreastaff writer
Reviewed by Robert Lakinstaff editorBitcoin bulls Michael Saylor, Adam Back slam BIP-110 Ordinals proposalLatest NewsPublishedJul 12, 2026<!–>
The ongoing debate over a proposed temporary fork comes despite a broad downturn in Ordinals transaction activity over the last two years.
–>
Strategy executive chairman Michael Saylor and Blockstream CEO Adam Back have doubled down on their opposition to BIP-110, a proposed temporary fork to limit non-monetary transactions on the Bitcoin network.
Bitcoin Improvement Proposal-110 was introduced in December 2025 to stop nonfungible token-like Ordinals inscriptions and other arbitrary data from spamming the network and to preserve Bitcoin’s main use as a peer-to-peer cash system.
While critical of Ordinals activity, Saylor and Back fear a fork could do more harm than good to the network’s credibility. “There are 110 things more dangerous to Bitcoin than spam,” Saylor said in a post to X on Saturday, adding that BIP-110 could invalidate ordinary transactions on the network.

Source: Michael Saylor
BIP-110 is one of the more notable protocol-level disputes in the Bitcoin development community since the Blocksize Wars between 2015 and 2017, when ecosystem participants debated whether it was worth risking a chain split to raise the block size limit for scalability.
BIP-110 was introduced by pseudonymous Bitcoin developer “Dathon Ohm” with the support of Ocean protocol founder Luke Dashjr.
BIP-110 won’t be activated unless 55% of Bitcoin nodes validating blocks are in support of the proposal across a Bitcoin block “period.”
In the last period, period number 475 between block 955,584 and 957,599, only 1% of blocks were in support.
The dispute comes at a time when Ordinals activity is at near all-time lows, with fewer than 10,000 Ordinals inscribed into the Bitcoin blockchain on a daily basis over the last month, down from the more than 400,000 seen during its peak in August 2023.

Change in daily Ordinals inscriptions since December 2022. Source: Dune Analytics
Meanwhile, Back offered a deeper critique of BIP-110, describing it as a “quest to police other people.”
Related: Bitcoin doesn’t need Ethereum-style yield, says Strategy’s Michael Saylor
He said Bitcoin’s decentralization should mean “you can’t impose your views on others,” calling it incompatible with Bitcoin’s cypherpunk ethos of permissionless, censorship-resistant money.
Dashjr and other BIP-110 proponents have called Ordinals-driven bloat a “serious threat” to the network, prompting the need for an imminent fix.
They have also argued BIP-110 wouldn’t cause a chain split, as many fear, while adding that the BIP-110 fork imposes a temporary one-year limit and thus wouldn’t invalidate fee-paying transactions over the long term.
Features: From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips

Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
More on the subject
Robinhood L2 sparks ETH optimism, Saylor ‘muddies waters.’ Hodler’s Digest, July 5-12, 2026<!–>[–>8 hours agoAndrew Fenton<!–>[–>
Strategy’s Saylor needs clarity in BTC pivot message to convince investors: StanChart<!–>[–>13 hours agoRobert Lakin<!–>[–>
Empery Digital shares rise after selling BTC to fund AI data center project<!–>[–>Jul 12, 2026Brayden Lindrea
Robinhood L2 sparks ETH optimism, Saylor ‘muddies waters.’ Hodler’s Digest, July 5-12, 2026<!–>[–>8 hours agoAndrew Fenton<!–>[–>
Strategy’s Saylor needs clarity in BTC pivot message to convince investors: StanChart<!–>[–>13 hours agoRobert Lakin<!–>[–>
Empery Digital shares rise after selling BTC to fund AI data center project<!–>[–>Jul 12, 2026Brayden Lindrea
Attackers seized the official X accounts of SpaceXAI and Starlink on Sunday to promote a memecoin called Scam Altman (SCATMAN), which briefly…
BitFuFu's strategic shift to expand mining capacity may increase market sell pressure, influencing Bitcoin's price dynamics and investor sentiment. The post BitFuFu…
FBI Louisville warns about scammers impersonating law enforcement demanding cryptocurrency payments via ATMs or wires, often using fake documents. The post FBI…
Bitcoin is trading around $63,000, down 2% over the last 24 hours, as the United States launched a third round of strikes…