Saylor Slams BIP 110 as Threat to Bitcoin's Neutrality

Michael Saylor, executive chairman of Strategy, formerly MicroStrategy, has spoken out against BIP 110, a proposal that aims to reduce arbitrary data stored through Bitcoin transactions. Saylor argues that the package threatens protocol neutrality and uses a 55% miner-signaling threshold that is too low for a disputed change.

The proposal would impose seven temporary consensus restrictions on the Bitcoin network, including capping some script sizes, restricting Taproot control blocks, and preventing spending through undefined witness versions. Saylor agrees with the goal of protecting node operators, preserving affordable transactions, and discouraging Bitcoin's use as a general storage network.

However, he believes that BIP 110 uses seven consensus rules to reject valid, fee-paying activity without measuring the costs those transactions impose. He also objects to bundling all seven restrictions into one package and using a 55% miner-signaling threshold, below the 95% level associated with BIP 9 deployments.

Saylor prefers transaction fees and voluntary relay policies, which ration block space without making the protocol evaluate content. He warns that the proposal would close reserved technical options for later upgrades, including paths associated with BitVM, an experimental design for complex Bitcoin agreements without a trusted intermediary.