Saylor Warns Changes to Bitcoin Rules Threaten Network Stability

Strategy executive chairman Michael Saylor has warned that changes to Bitcoin's consensus rules pose a greater threat than rival cryptocurrencies and external governments. He made this statement in a series of X posts, where he emphasized that Bitcoin's rules are its constitution.

Saylor stated that any modifications to the protocol to benefit a single group would infringe upon the economic rights of the broader community, including miners, developers, investors, companies, custodians, and other users. He warned that if one group gained enough influence to change Bitcoin's rules, others could use the same process for similar agendas.

Saylor has strongly opposed BIP-110, a temporary soft fork that reduces arbitrary data stored on the blockchain. He believes this would weaken the fee market by reducing competition for block space and create risks for Bitcoin's base layer. Saylor is not alone in opposing BIP-110, as Adam Beck has also publicly expressed his disapproval.

The Strategy founder believes imposing restrictions on valid transactions could lower miner income, impacting the financial incentive that protects the network. He argued that the base layer must be kept simple, neutral, scarce, and secure while developers can build new functionality on a separate layer.