Saylor Sounds Alarm: Bitcoin Consensus Rules Under Threat from Internal Forces

Michael Saylor, executive chairman of MicroStrategy and a prominent Bitcoin advocate, has warned that the network's consensus rules are under threat from internal forces. In a series of posts on X, Saylor described Bitcoin's consensus rules as a constitution and argued that rewriting them would attack the economic rights of every holder.

Saylor specifically targeted BIP-110, covenant proposals, and calls for larger blocks, grouping them together as constitutional offenses. He claimed that BIP-110 would temporarily limit arbitrary non-monetary data, such as Ordinals inscriptions, but instead censors valid fee-paying transactions.

The BIP-110 soft fork is currently stuck at 2.64% miner support and is set to open its mandatory signaling window around August 9. Saylor argued that crippling the fee market would starve Bitcoin's defenders exactly when the network needs them most, comparing the outcome to disarmament rather than protection.