Michael Saylor: Publishes 110-Point Article Opposing Bitcoin BIP-110
2026-07-20 11:14
Odaily Strategy Executive Chairman Michael Saylor published a 110-point article opposing the proposed Bitcoin soft fork BIP-110. BIP-110 plans to tighten Bitcoin's consensus rules within about a year, restricting the technology used for embedding arbitrary data, targeting non-financial data such as Ordinals and inscriptions.
Michael Saylor stated that BIP-110 would invalidate currently valid transactions that pay fees through consensus changes, and claimed that Bitcoin cannot differentiate data intent. He believes that including a specific use case within the consensus layer restrictions would set a governance precedent. While the specific restrictions would expire in about a year, the precedent would not disappear.
He also opposed the proposal's activation design, stating it lowers the miner signaling threshold from the 95% used in earlier soft forks to 55%, and removes the option that typically allows proposals to naturally expire. Data from a proposal monitoring dashboard shows current signaling support is below 1%.
The mandatory signaling window for BIP-110 is scheduled to open in August, with a target activation date around September 1st. Michael Saylor's stance aligns with Blockstream CEO Adam Back, Casa's Jameson Lopp, and Bitcoin proponent Samson Mow. Opponents include developer Luke Dashjr and the Bitcoin Knots camp.
Michael Saylor stated that BIP-110 would invalidate currently valid transactions that pay fees through consensus changes, and claimed that Bitcoin cannot differentiate data intent. He believes that including a specific use case within the consensus layer restrictions would set a governance precedent. While the specific restrictions would expire in about a year, the precedent would not disappear.
He also opposed the proposal's activation design, stating it lowers the miner signaling threshold from the 95% used in earlier soft forks to 55%, and removes the option that typically allows proposals to naturally expire. Data from a proposal monitoring dashboard shows current signaling support is below 1%.
The mandatory signaling window for BIP-110 is scheduled to open in August, with a target activation date around September 1st. Michael Saylor's stance aligns with Blockstream CEO Adam Back, Casa's Jameson Lopp, and Bitcoin proponent Samson Mow. Opponents include developer Luke Dashjr and the Bitcoin Knots camp.
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