Saylor Warns Against BIP 110: 'Bitcoin Does Not Need Guardians of Purity'

Michael Saylor has expressed strong opposition to BIP 110, a proposal aimed at reducing arbitrary data stored through Bitcoin transactions. The plan would impose seven temporary consensus restrictions, including capping script sizes and restricting Taproot control blocks.

Saylor argues that the measures threaten protocol neutrality and use an unacceptably low 55% miner-signaling threshold. He suggests that market fees and voluntary relay policies are a more effective way to ration block space without evaluating content.

BIP 110's supporters claim that these restrictions could reduce node costs and keep block space focused on payments, but Saylor counters that they would create a precedent for rejecting valid fee-paying activity. He also warns that the proposal closes reserved technical options for later upgrades, including those associated with BitVM, an experimental design for complex Bitcoin agreements.