Saylor Blasts BIP-110 as Constitutional Offense to Holder Rights

Michael Saylor, the executive chairman of MicroStrategy and one of Bitcoin's most vocal proponents, has spoken out against the proposed BIP-110 soft fork. In a series of posts on X, Saylor argued that rewriting Bitcoin's consensus rules would be a constitutional offense, attacking the economic rights of every holder alive today and those who come after.

Saylor described Bitcoin's consensus rules as the network's constitution, which decides property rights, scarcity, settlement, and the limits on what any single participant can change without the agreement of everyone else. He grouped BIP-110 with covenant proposals and calls for larger blocks, calling them all different instruments serving one constitutional offense.

Saylor warned that crippling the fee market would starve Bitcoin's defenders exactly when the network needs them most, leading to disarmament rather than protection. The harm would not stop at miners, reaching exchanges, custodians, applications, investors, and ordinary holders, he said.