Saylor Rejects BIP 110 Over Threat to Bitcoin Neutrality
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has expressed strong objections to BIP 110, a proposed set of seven temporary consensus restrictions aimed at reducing arbitrary data stored through Bitcoin transactions. According to Saylor, these restrictions could create a greater threat to Bitcoin than unwanted blockchain data.
The Reduced Data Temporary Softfork would temporarily cap some script sizes, restrict Taproot control blocks, and prevent spending through undefined witness versions. Its supporters claim that these measures could reduce node costs and keep block space focused on payments, but Saylor argues that BIP 110 uses seven consensus rules to reject valid, fee-paying activity without measuring the costs those transactions impose.
Saylor's strongest concern is that the proposal would close reserved technical options that later upgrades could use. He also objects to bundling all seven restrictions into one package and using a 55% miner-signaling threshold, which he believes is too low for a disputed change.