Saylor Warns of Constitutional Crisis in Bitcoin's Code

Michael Saylor has redefined his stance on Bitcoin protocol changes, framing any attempts to alter its consensus rules as an attack on economic rights. In a nine-post thread on X, he described Bitcoin's code as a 'constitution' and argued that rewriting it would amount to confiscating people's economic freedoms.

The Strategy executive chairman has been opposing the Bitcoin Improvement Proposal (BIP-110), which aims to restrict non-financial data like Ordinals inscriptions from Bitcoin's blockchain for around one year. Saylor posted a 110-point essay against BIP-110, but it appears his views have prevailed as the proposal faces low support.

Saylor has now broadened his criticism to encompass covenants and larger-block proposals, labeling them 'different instruments, same constitutional offense.' He emphasized that protocol changes should be rare, conservative, and driven by necessity, not ambition. The mandatory signaling window for BIP-110 is set to open on August 9, at block 961,632, with miner support at just 2.64%, far short of the 55% required for activation.