Saylor Slams BIP-110: 'Don't Fix What's Not Broken'

Bitcoin's proposed BIP-110 soft fork upgrade has become the most contentious issue in the Bitcoin community this year. The 'Reduced Data Temporary Soft Fork' aims to restrict transaction data size, addressing what its supporters call 'spam.' However, it has drawn criticism from key figures such as Michael Saylor and Adam Back.

Saylor has intensified his opposition to BIP-110, stating that Bitcoin's core protocol changes should be rare and conservative. He believes there is no need to fix something that isn't broken. This stance has sparked backlash, with supporters calling him a 'hypocrite.'

The proposal seeks to prevent Ordinals-like inscriptions from making Bitcoin a memecoin-heavy network like Solana. However, others claim the changes would make some old BTC addresses vulnerable to theft.

Miner support for BIP-110 has improved to 2.3%, but it still needs to hit 55% for the upgrade to be activated ahead of the August 9 deadline. If this threshold is not met, there is a risk of a temporary network split, which could force exchanges accepting BTC to suspend transactions.