Michael Saylor, executive chairman and co-founder of Strategy, has come out to swing against a new proposal to clean up Bitcoin’s ‘spam’, arguing it could fundamentally change how the world’s largest blockchain works.
Bitcoin Improvement Proposal (BIP) 110, which aims to temporarily limit arbitrary data to focus on the core monetary functions, is a threat to the core principles of the network, Saylor explained in a comprehensive critique published on X, titled “110 Reasons Why BIP-110 Is a Bad Idea.”
“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, limit future options, complicate implementation, and establish a precedent it cannot later erase.”
Saylor’s primary objection is based on the “no-questions-asked” nature of money. “Bitcoin cannot read intent,” Saylor writes. “The network cannot know whether the 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 to protocol law, effectively turning Bitcoin’s conservatism upside down.
‘Too aggressive’
Saylor is the latest bitcoin executive to weigh in on this hotly debated topic among the Bitcoin community.
