Saylor Slams BIP 110 for Threatening Bitcoin Neutrality

Michael Saylor has expressed his opposition to BIP 110, a proposal that aims to reduce arbitrary data stored through Bitcoin transactions. The package includes seven temporary consensus restrictions intended to achieve this goal.

Saylor argues that these restrictions threaten protocol neutrality and use a 55% miner-signaling threshold that is too low for a disputed change. He suggests that market fees and voluntary relay policies would be more effective in addressing the issue of node costs and keeping block space focused on payments.

The proposal, which reached 'Complete' status under BIP 3 on June 25, also protects unspent outputs created before activation. However, Saylor believes that this safeguard does not resolve the wider precedent set by the restrictions.