Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoinâs âspam,â arguing that it could fundamentally alter how the worldâs largest blockchain operates.
The Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily restricting arbitrary data to focus on the core monetary functions, is a threat to the main principles of the network, Saylor explained in a comprehensive critique published on X, titled â110 reasons BIP-110 is a bad idea.â
“The proposed cure is more dangerous than the condition,” Saylor said in the recent detailed analysis. “BIP 110 would use consensus to narrow valid activity, constrain future options, complicate deployment, and establish a precedent it cannot later erase.â
Saylorâs primary objection is based on the “no-questions-asked” nature of money. “Bitcoin cannot read intent,” Saylor writes. “The network cannot know whether bytes represent an image, a proof, a contract, metadata, an authentication record, or a future application,” argued.
By banning “spam,” the protocol would effectively elevate human judgment into protocol law, effectively turning Bitcoinâs conservatism upside down.
âToo aggressiveâ
Saylor is the latest bitcoin executive to weigh in on this highly debated topic among the Bitcoin community.