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Michael Saylor calls Bitcoin code changes a constitutional offense

He grouped BIP-110, covenants, and larger-block proposals as the same threat, arguing they would rewrite consensus rules and impose costs and risks on everyone.

Reported · Written up by our desk · Market Structure

Michael Saylor, the executive chairman of The Strategy, escalated his critique of proposed changes to Bitcoin’s base layer by framing any protocol rewrite as a “constitutional offense,” according to Decrypt. In a nine-post thread on X, Saylor said Bitcoin’s consensus rules function like a constitution and argued that factions attempting to change them are effectively committing economic theft. He went beyond his previous focus on BIP-110, a proposal dubbed “Reduced Data Temporary Softfork” that would restrict certain non-financial data, including Ordinals inscriptions, from the blockchain for roughly one year. Decrypt reports that Saylor pointed to the BIP-110 activation process, noting the mandatory signaling window opens around August 9 at block 961,632. He also cited miner support at 2.64%, which is well below the 55% threshold required to activate the proposal. Saylor, however, said his fight is no longer only about BIP-110. In the thread, Decrypt reports he lumped together BIP-110 with ideas such as covenants, which would add smart contract style spending restrictions, and larger-block proposals aimed at increasing data per block, asserting they all amount to the same alleged “crime” of rewriting Bitcoin’s rules.

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