Saylor Warns BIP 110 Threatens Bitcoin Neutrality

Michael Saylor has expressed his opposition to BIP 110, a proposal that aims to reduce arbitrary data stored on the Bitcoin blockchain through seven temporary consensus restrictions. According to Saylor, this package threatens protocol neutrality and uses a 55% miner-signaling threshold that is too low for a disputed change.

Saylor supports market fees and voluntary relay policies instead of consensus rules that judge transactions by their perceived purpose. He argues that the proposal would close reserved technical options that later upgrades could use, including paths associated with BitVM, an experimental design for complex Bitcoin agreements without a trusted intermediary.

The proposal reached 'Complete' status under BIP 3 on June 25, but its supporters say those measures could reduce node costs and keep block space focused on payments. Saylor's strongest concern involves future development, as he believes that the proposal would set a precedent for protocol rules evaluating content.