Saylor Warns Against Changing Bitcoin Protocol Rules: 'Defend Bitcoin's Constitution'
Michael Saylor has spoken out against changing Bitcoin's protocol rules, framing them as the cryptocurrency's 'constitution'. He believes that altering these rules for the convenience of certain factions would be a mistake, as it would erode the economic rights of current and future participants.
Saylor criticized software upgrade proposals such as BIP-110, which he argued does not address any critical bugs or consensus failures. Instead, it would impose costs and risks on all users by censoring fee-paying transactions.
The Bitcoin bull emphasized that Bitcoin's base layer must remain simple, neutral, scarce, and secure, with protocol upgrades occurring only when truly necessary and kept to a minimum. He urged defenders of the cryptocurrency to stand up for its constitution and protect its future.