Saylor Slams BIP-110 as 'Bad Idea' for Bitcoin
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- Michael Saylor, executive chairman and co-founder of Strategy, published "110 reasons BIP-110 is a bad idea" on X, calling the proposal to restrict so-called "spam" data a threat to Bitcoin's neutrality: "The proposed cure is more dangerous than the condition."
- BIP-110 would implement a one-year temporary soft fork with seven consensus restrictions capping data payload sizes and rejecting certain script executions, alongside lowering the miner approval threshold from the standard 95% to just 55%.
- Saylor labeled the 55% threshold "too aggressive," warning it could trigger network splits and market uncertainty, and argued that "Bitcoin cannot read intent" — the protocol cannot distinguish spam from legitimate images, proofs, contracts or authentication records.
- Strategy, Saylor's firm, holds 843,775 BTC valued at $54.31 billion as of Sunday, the largest corporate bitcoin treasury in the world, giving Saylor's warning particular weight given the firm's exposure to network stability.
- Saylor cautioned BIP-110 would create a "chilling effect" on developers and innovation, and that suppressing uses of the network could erode fee revenue, weakening miner hash-power incentives as the block subsidy continues to halve.
- Saylor recommended market-based fees and individual relay policies as alternatives to consensus changes, concluding: "Bitcoin does not need guardians of purity. It needs guardians of neutrality."
Why it matters: With Strategy holding 843,775 BTC worth $54.31 billion, Saylor is speaking from the largest single corporate position in the asset — and his warning that a 55% miner threshold is "too aggressive" reframes the debate as one about whether Bitcoin's rules can be changed without splitting the network or chilling future development on top of it.
