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Michael Saylor criticizes BIP-110 plan to restrict Bitcoin blockchain data

CoinDesk reports BIP-110 would run a one-year soft fork with seven new data-related consensus limits and a lower 55% miner-signaling threshold, a setup Saylor says could increase market uncertainty.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Michael Saylor, executive chairman and co-founder of Strategy, is warning against Bitcoin Improvement Proposal 110, or BIP-110, which would temporarily restrict so-called spam data on the blockchain.

Saylor argues the proposal threatens Bitcoin’s neutrality and core principles by using consensus changes to narrow what activity is considered valid, rather than relying on other mechanisms like fee markets and relay policies to handle unwanted data.

Under the plan, supporters would implement a one-year soft fork that adds seven distinct consensus restrictions, including caps on data payload sizes and rejection of certain script executions, with the stated goal of keeping the network focused on “sound money” instead of general-purpose data storage.

Saylor also points to upgrade approval mechanics, saying BIP-110 would lower the miner-signaling threshold to 55% and raises concerns that such a change could lead to network splits, weaken miner incentives, and undermine Bitcoin’s open, permissionless design.

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