diff --git a/src/init.cpp b/src/init.cpp
index 4cc18800a5..30b41717ba 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -513,12 +513,6 @@ bool AppInit2(boost::thread_group& threadGroup)
             nConnectTimeout = nNewTimeout;
     }
 
-    // Continue to put "/P2SH/" in the coinbase to monitor
-    // BIP16 support.
-    // This can be removed eventually...
-    const char* pszP2SH = "/P2SH/";
-    COINBASE_FLAGS << std::vector<unsigned char>(pszP2SH, pszP2SH+strlen(pszP2SH));
-
     // Fee-per-kilobyte amount considered the same as "free"
     // If you are mining, be careful setting this:
     // if you set it to zero then