"BIP-110 catches almost no spam."
That's become the main argument against it.
By raw transaction count, it's not entirely wrong. But count is the wrong metric.
After decoding every OP_RETURN on Bitcoin for the last 60 days:
91% is now one funded protocol: Alkanes -> Millions of tiny mints BIP-110 won't touch (and shouldn't, that's relay policy's job).
But those mints exist because contracts were deployed for them.
- Deployment = a WASM binary in a Taproot reveal. 627 of them in 60 days.
- Every single one rejected by BIP-110.
You don’t stop a metaprotocol by filtering its mints.
You stop it at deployment.
👇
blockspaceweekly.substack.co…