Michael Saylor, executive chairman of Strategy, has publicly criticized Bitcoin Improvement Proposal 110, calling it a bad idea that risks undermining the network's neutrality.
Saylor posted 110 reasons on social media over the weekend opposing the proposal. He argued that BIP-110, which seeks a one-year soft fork to restrict arbitrary data on the blockchain, poses greater dangers than the spam it aims to address.
The proposal would introduce consensus limits on data payloads and lower the miner signaling threshold for upgrades from 95 percent to 55 percent. Saylor warned this change could lead to network splits and market uncertainty while setting a precedent for future censorship.
Strategy holds 843,775 BTC valued at 54.31 billion dollars as of Sunday. Saylor stated that fee markets and relay policies, rather than consensus alterations, should handle data issues to preserve Bitcoin as an open and permissionless system.
"Bitcoin does not need guardians of purity," Saylor asserted. "It needs guardians of neutrality."
