My thoughts on BIP-110 and the "anti-Ordinals movement" that will attempt to fork the Bitcoin network in August 🧵
The greatest threat to Bitcoin is neither Ordinals nor Runes
It is the pervasive and dangerous ideology that took hold after the Blocksize Wars that using Bitcoin L1 is bad
Starting in 2017 a bunch of lunatics in the "Lightning ecosystem" hijacked Bitcoin and psyoped everyone into believing that making transactions on Bitcoin L1 was somehow immoral and harming children in El Salvador
Fast forward nearly a decade and here are some of the downstream effects of telling everyone to stop using Bitcoin L1
A catastrophic amount of time and resources were wasted building a now obsolete and failed "Lightning Network"
Bitcoin has now been infiltrated by feds and bankers who have normalized not only paper Bitcoin but Ponzi scheme treasury company versions of paper Bitcoin
When you joined Bitcoin a decade ago you were taught how to self-custody
When you join Bitcoin today many of the top "leaders" tell you to buy pump and dump Bitcoin proxy scams trading anywhere from 2x to 100x NAV
The vast majority of "Bitcoin maxis" have never even used Bitcoin L1 and are technically illiterate having no idea what a UTXO is
The biggest joke of all is that discouraging people from using Bitcoin L1 created the low-fee environment which allowed the data storage use case to take root
It is laughable that BIP-110 claims "data storage competes unfairly with payments"
You can transfer billions of dollars of value on Bitcoin L1 in roughly 200 bytes yet Bitcoin maxis failed so badly at creating demand for block space that it became economically viable for artists to store 4 megabyte JPEGs while competing fairly in the exact same fee market
BIP-110 is by far the least cypherpunk proposal by the least cypherpunk group of people in the history of Bitcoin
They have completely lost the plot
Instead of coming to terms with the consequences of their own decisions they are attempting to introduce radical levels of censorship to a network whose entire value proposition is censorship resistance
There are no words to describe how fragile someone's ego must be to blame artists for using a low-fee environment created by your own reckless decisions
It is not a coincidence that 67.9% of all Bitcoin transactions this week were Ordinals and Runes
While the Bitcoin maxi movement is completely going off the rails
We are the ones who actually use the Bitcoin network
We are the ones who secure the Bitcoin network by paying fees
We are the ones who understand the Bitcoin network at the deepest technical level
We are the ones who denominate in Bitcoin and actually use Bitcoin as money every single day
We are the ones who self-custody our Bitcoin and carry on the ethos of "not your keys not your coins"
We are the real Bitcoin maxis now
There is nothing more cypherpunk than running your own node and ripping some JPEGs onto a censorship-resistant network regardless of how unpopular it is
Satoshi's first act on Bitcoin was to inscribe data
We are simply carrying on the torch
Because the prior Bitcoin maxis have failed so miserably the Ordinals and Runes enjoyers have become the new Bitcoin maxis
We will make self-custody cool again
We will make experimenting on Bitcoin fun again
We will get people to use Bitcoin as a medium of exchange again
We will educate people and make Bitcoiners technically literate again
We will secure Bitcoin by creating a robust fee market and high demand for blockspace again
We will purge Bitcoin of the feds and bankers who have infected it like a disease and that starts with defeating the BIP-110 fork in August
I am calling on all $DOG soldiers, all Ordinals enjoyers, and all Runes degens to band together and fight against this BIP-110 cancer that is hell-bent on destroying the Bitcoin that we know and love
If you are against BIP-110 and agree that Bitcoin should remain censorship resistant show your support by quote posting this with "Defend permissionless blockspace. Reject BIP-110." and be sure to repost all quote posts
Long live Bitcoin
Long live Ordinals and Runes
🚨 BREAKING NEWS: A brand new wallet has become the #1 holder of solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u.
On June 25, 2026, a previously unseen address recieved 12.32B solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (12.32% of total supply) - worth approximately $7 million USD -in a single day.
The most striking part?
solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Price didn't move.
A transfer of this magnitude executed through open-market buying would likely create significant upward price pressure, even across deep exchange liquidity. Instead, this appears consistent with a large-scale redistribution, not aggressive market buying or retail accumulation.
Now compare that to my previous on-chain investigations:
🔎 Apr. 15: Binance Ghost Wallet Exploit (Arkham)
🔎 May 16: Binance Cluster Network Confirmed (Claude)
🔎 Jun. 14: Binance Short-Term Holder Analysis (Claude)
Those investigations identified a #Binance-linked wallet cluster controlling approximately 13.69% of the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u supply, accumulated over the past two years.
Now we observe:
• 12.32% of supply concentrated into one new wallet.
• Zero market impact.
• 95 genesis UTXOs.
• The same Taproot wallet structure observed throughout the 158-wallet cluster.
The on-chain characteristics are consistent with the activity that #Binance may be consolidating a fragmented solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u position into a new cold wallet - potentially ahead of operational changes such as internal restructuring or exchange support or something else entirely.
The remaining ~1.37B solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u could still reside across the rest of the identified cluster.
Investigation ongoing........
The $DOG Army has defeated every adversary that has stepped in its path thus far.
We are preparing our greatest victory yet as the maximalist fork themselves off the network.
It’s time to behead Goliath. A new era of Bitcoin is here.
Long live Ordinals. Long live Runes.
We are in the middle of a crypto bear market and the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Army is bull posting harder than ever
Every day I see solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u soldiers lifting each other up and supporting one another on the timeline
But when I look at other crypto communities all I see is the holders tearing each other down and complaining
I feel truly blessed to be part of the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Army 🧡
I’d like everyone to welcome the newest member of the $DOG Army @JoeCarlasare !!🙌
Joe is a long time Bitcoiner, successful lawyer & author! Check out his book UNCONFISCATABLE coming out soon.
Show him some love!🧡🐕
The largest crypto news site in the world @CoinDesk just posted an article about the "Runes revival" highlighting how Runes have now become the dominant activity on the Bitcoin network surging back to 2024 halving levels
Rune June!!!!!!
It is absolutely insane that people continue to buy insider controlled scam coins that rug them when there is an alternative called solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u which has no team to rug you and that had 100% of the supply airdropped for free by volunteers
In the age of Bitcoin #Runes, legends aren't born from gods or kings - they're forged by a community of artists, builders, and believers united under one banner: solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u 🐕⚡️🏛️
Tag who should be featured next 👇
Let’s play out this scenario.
Bitcoin goes into a bull market & goes to $250k, that’s about a 4x return. Low risk & respectable.
At the same time $DOG the #1 Memecoin on Bitcoin goes back to ATH’s, & outperforms Bitcoin as it did in 2024.
That’s a 15x from current prices.
Now people will say that’s extremely risky. I disagree.
The risk is NOT buying $DOG here considering the data we have over the past 2 years.
Say you have 1 Bitcoin at current prices of $64k
If you rotate 5% of your Bitcoin into $DOG & assume we just go back to ATH’s that’s $3,200 & you hold 5 Million $DOG
A 15x to ATH’s gets you $48k, modest return.
However, let’s assume $DOG doesn’t stop there & does a PEPE style move & goes to $10B market cap & does a 150x, that same 5 Million $DOG turns into $500k
With Bitcoin at $250k that original 5% position nets you 2 Bitcoin.
Is it worth the risk?
Fundamentally $DOG is superior to DOGE across every metric. $DOG was created to flip DOGE & due to its inflationary supply, that is very likely given enough time.
Let’s say $DOG does a 1000x..
That 5 Million $DOG turns into $3.2 Million dollars as $DOG hits a $64B market cap.
DOGE historically hit over $80B market cap during its breakout year, are you understanding the opportunity cost of NOT holding $DOG yet?
If you believe in Bitcoin long term & understand its fundamentally properties, then you should be bullish on $DOG
Maybe I am crazy for bull posting solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u every day for over 2 years but I just don't see how the most fairly launched, most decentralized, most secure memecoin ever does not eventually win
solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u go to the moon!!!!
You are not ready!!!!
Woke up early this morning with a special message for my birthday and this amazing gift of a honorary 1/1 Nodemonkes from the founder. I could not be any more blessed and thankful… I’m trying extra hard to always be a positive steward for digital artists and the entire Web3 space and will continue to do so. I am ride or die in my support for all the amazing communities that it’s comprised of…. Our best days are ahead.. @nodetoshi@monke@nodemonkes
$DOG was built for everyone in the world.
Invest in assets built on the Bitcoin network.
Make your money grow; ( $DOG Bitcoin) is the right asset.
There are many fraudulent assets that are not built on the Bitcoin network.
They are designed to steal all your money.
🚨UPDATE: The 2nd largest Solana holder of solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (Bitcoin) has accumulated 16,645,287.46 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u worth $10,510.23 over the past 48 hours and hasn't sold a single token.
Wallet: BLaQuRW6JqoTRrHZtcummaBusDCLoVfTLaHoAAtBxP2Y
Dear @Saylor,
You've built the case that $BTC's long-term security depends on fee revenue replacing block subsidies.
What if the answer is already here and it arrived as a meme?
solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u is the #1 #Runes on Bitcoin.
It is quietly doing something profound:
→ Onboarding a new generation directly to Bitcoin L1
→ Requiring every holder to run a self-custody wallet
→ Generating OP_RETURN transactions that now account for 59.6% of all Bitcoin txs over the last 2 years
→ Filling blocks 24/7 - sustaining miner fee revenue beyond the halving cycle
→ Turning a cultural moment into a Bitcoin curiosity loop
They didn't come for the whitepaper.
They came for the solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u.
But they're staying for Bitcoin and paying miners while they do.
The onboarding funnel you've been waiting for may already be here. It just looks different than expected.