Saylor Slams BIP-110, Warns Against 'Fixing' Bitcoin
Bitcoin proponent Michael Saylor has come out against the proposed BIP-110 soft fork upgrade, saying 'don't fix what's not broken.' Saylor claims that Bitcoin core protocol changes should be rare and conservative, and that there is no need to alter the network. The BIP-110 proposal aims to restrict transaction data size in an effort to address 'network bloat' caused by Ordinals-like inscriptions.
BIP-110 has sparked controversy within the Bitcoin community, with some arguing that it would make old addresses vulnerable to theft and others claiming that it would prevent Bitcoin from becoming a memecoin-heavy network like Solana. Saylor's criticism of the proposal has drawn backlash from its supporters, including Paul Sztorc, who called him a 'hypocrite' for previously dismissing Bitcoin as a form of gambling.
Despite Saylor's opposition, miner support for BIP-110 has improved to 2.3%, but still falls short of the 55% threshold needed to activate the upgrade by August 9. If the current low support persists, there is a risk of a temporary network split and potential disruptions to exchanges accepting BTC.