Saylor Slams BIP 110 as Threat to Bitcoin Neutrality

Michael Saylor has come out against BIP 110, a proposal to impose seven temporary consensus restrictions on Bitcoin transactions. Saylor, executive chairman of Strategy, formerly MicroStrategy, argues that these restrictions would create a greater threat to Bitcoin's neutrality than unwanted blockchain data.

The Reduced Data Temporary Softfork aims to reduce arbitrary data stored through Bitcoin transactions by capping some script sizes, restricting Taproot control blocks, and preventing spending through undefined witness versions. Saylor agrees with the goal of protecting node operators and preserving affordable transactions but believes BIP 110 uses consensus rules to reject valid, fee-paying activity without measuring costs.

He also objects to bundling all seven restrictions into one package and using a 55% miner-signaling threshold, which he says is too low for a disputed change. Saylor favors transaction fees and voluntary relay policies instead, which ration block space without making the protocol evaluate content.