Galaxy Research: BIP-110 Node Share Peak ~20%, Hashrate Far Too Low

The gap between node adoption and hashrate support is the real signal here: running a node is cheap and often ideological, while hashrate follows miner economics and coordination costs. A ~20% node peak that never translated into comparable hashrate suggests BIP-110 lacks the miner-level backing needed to force consensus change, regardless of how visible its node count looked. The open question is whether that node share holds as a floor or proves to be a transient spike, and whether any proposal can convert node-level enthusiasm into hashrate commitment.