Saylor Slams BIP 110: 'Bitcoin Does Not Need Guardians of Purity'

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has expressed strong opposition to Bitcoin Improvement Proposal (BIP) 110. The proposal aims to impose seven temporary consensus restrictions on the Bitcoin network to reduce arbitrary data stored through transactions.

Saylor argues that these restrictions would create a greater threat to Bitcoin than unwanted blockchain data, citing concerns about protocol neutrality and the use of a 55% miner-signaling threshold, which is too low for a disputed change. He supports market fees and voluntary relay policies instead of consensus rules that judge transactions by their perceived purpose.

The proposal reached 'Complete' status under BIP 3 on June 25, indicating that its author considers the draft ready rather than showing broad community support. Saylor's strongest concern is about future development, as the proposal would close reserved technical options that later upgrades could use, including paths associated with BitVM.

Saylor emphasizes that 'Bitcoin does not need guardians of purity. It needs guardians of neutrality.' He believes that transaction fees and voluntary relay policies are a better solution to ration block space without making the protocol evaluate content.