Bitcoin Improvement Proposal 110 entered its mandatory-signaling phase at block 961,632 on Saturday, with miners signaling support in just 51 of the preceding 2,016 blocks, or 2.53%, well below the 55% threshold required for early activation, according to the BIP-110 monitor.Starting at block 961,632, nodes enforcing BIP-110 began rejecting blocks that did not set version bit 4, while ordinary Bitcoin nodes continued accepting both signaling and non-signaling blocks. A minority BIP-110 branch subsequently emerged, but quickly fell behind the dominant chain.The low signaling rate makes a sustained rival chain unlikely without substantially greater miner participation. With relatively little mining support,…

In 1940, one of the great literary showdowns of the last century took place between one of Britain’s great men of letters and a writer whose name most readers of this essay will never have heard. From one corner of the literary ring strode George Orwell, the ancient-jacketed patron saint of plain speaking, cigarette adroop. Facing him was another assiduous smoker—a pipe man, in this case—and writer of popular children’s stories. This mismatched fight did not go as expected.The morbidly private Charles Hamilton was the undisputed world champion of that peculiarly British genre, the English school story, and over the…

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