Saylor Slams Proposed Changes to Bitcoin's Core as 'Constitutional Offenses'

Michael Saylor, executive chairman of Strategy, has taken a firm stance against proposed changes to Bitcoin's consensus rules, likening them to constitutional offenses. In a recent thread on X, Saylor argued that any modifications to the protocol's foundation would threaten the network's value proposition and potentially lead to censorship.

Saylor's opposition is not limited to BIP-110, which targets inscription protocols like Ordinals and BRC-20 tokens. He also opposes covenant proposals, larger block sizes, and other changes that could add complexity to the system.

Strategy holds 843,775 BTC, acquired at an average price of approximately $75,476 per coin. Saylor's philosophy emphasizes keeping the base layer simple and secure, allowing innovation to happen on top of it. He believes this approach is essential for maintaining Bitcoin's scarcity, immutability, and predictability.

As the largest corporate holder of Bitcoin, Strategy's stance has significant implications for the network's future development. Saylor's views are not without opposition, as Adam Back, CEO of Blockstream, has publicly backed the opposition to BIP-110.