Saylor Declares Bitcoin Constitution: 'Constitutional Offenses' Ahead for Proposed Changes

Michael Saylor, executive chairman of Strategy, has declared Bitcoin's consensus rules to be its constitution. He warns against changes to the protocol's foundation, labeling them 'constitutional offenses.'

Saylor's stance is centered around preserving the network's value proposition, which he believes relies on scarcity, immutability, and predictability.

He argues that any modifications to the base layer could be seen as a form of censorship, invalidating legitimate transactions and threatening the network's economic sovereignty.

Saylor holds 843,775 BTC, acquired at an average price of approximately $75,476 per coin. His company, Strategy, has not bought or sold any Bitcoin during the latest reporting period.