Saylor Warns Against Altering Bitcoin's Core Consensus Rules
Michael Saylor, founder of Strategy and Bitcoin advocate, has warned against altering Bitcoin's consensus rules. He argues that modifications at the base layer could affect the network's security and neutrality.
Saylor described the current rules as Bitcoin's 'constitution,' which define fundamental aspects such as property rights, scarcity, settlement finality, and power distribution within the network.
He specifically criticized proposals like BIP-110, covenant mechanisms, and larger blocks for risking censorship and network instability. Saylor called for preserving Bitcoin's secure base layer while allowing innovation through optional higher-layer solutions.
Saylor stated that even a single poorly considered modification could limit Bitcoin's ability to serve as a long-term financial infrastructure layer. He highlighted potential consequences including transaction censorship, reduced block space scarcity, and higher operational requirements for network participants.