Saylor turns up heat with “110 reasons” why BIP-110 is a bad idea

16 hours ago

Strategy enforcement president Michael Saylor took to societal media connected Sunday to item his “110 reasons” wherefore a projected impermanent fork to bounds non-monetary transactions connected the Bitcoin network, oregon BIP-110, is simply a atrocious idea.

Bitcoin Improvement Proposal-110 was introduced successful December 2025 to halt nonfungible token-like Ordinals inscriptions and different arbitrary information from spamming the web and to sphere BTC’s main usage arsenic a peer-to-peer currency system.

In a astir 3,700 connection station connected X.com, the antheral successful power of the largest Bitcoin (BTC) firm treasury made a lawsuit for what helium said are “neutral rules, hard consensus, unfastened markets, and permissionless innovation.”

Source: Michael Saylor connected X.com

“Many Bitcoiners I respect enactment BIP 110. They privation to support validation accessible, support node operators from unwanted costs and content, sphere affordable payments, and support Bitcoin focused connected dependable wealth alternatively than general-purpose information storage. Those are superior concerns. I stock the objectives. I disagree astir the remedy,” Saylor said. He added:

“This nonfiction critiques the proposal, not the radical down it. I presume bully faith. Bitcoin is strongest erstwhile we tin disagree vigorously without mistaking allies for enemies.”

As of 12 p.m. ET, connected Sunday, the station had been viewed 879,000 times, with 692 replies and 852 retweets.

BIP-110 is 1 of the much notable protocol-level disputes successful the Bitcoin improvement assemblage since the Blocksize Wars betwixt 2015 and 2017, erstwhile ecosystem participants debated whether it was worthy risking a concatenation divided to rise the artifact size bounds for scalability. 

The connection was introduced by pseudonymous Bitcoin developer “Dathon Ohm” with the enactment of Ocean protocol laminitis Luke Dashjr. Opponents see Blockstream CEO Adam Back.

Related: Bitcoin nodes moving BIP-110 crosses 2% arsenic spam wars vigor up

Little certainty connected BHP-110 approval

To beryllium sure, BIP-110 won’t beryllium activated unless 55% of Bitcoin nodes validating blocks are successful enactment of the connection crossed a Bitcoin artifact “period.”

In the past period, play fig 475 betwixt artifact 955,584 and 957,599, lone 1% of blocks were successful support.

The quality comes astatine a clip erstwhile Ordinals enactment is astatine adjacent all-time lows, with less than 10,000 Ordinals inscribed into the Bitcoin blockchain connected a regular ground implicit the past month, down from the much than 400,000 seen during its highest successful August 2023.

Change successful regular Ordinals inscriptions since December 2022.
Source: Dune Analytics

Bock has antecedently criticized BIP-110, describing it arsenic a “quest to constabulary different people.” 

He said Bitcoin’s decentralization should mean “you can’t enforce your views connected others,” calling it incompatible with BTC’s cypherpunk ethos of permissionless, censorship-resistant money.

Dashjr and different BIP-110 supporters person called Ordinals-driven bloat a “serious threat” to the network, prompting the request for an imminent fix.

They person besides argued BIP-110 wouldn’t cause a concatenation split, arsenic galore fear, portion adding that the BIP-110 fork imposes a impermanent one-year bounds and frankincense wouldn’t invalidate fee-paying transactions implicit the agelong term.

Features: From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips

Cointelegraph is committed to independent, transparent journalism. This quality nonfiction is produced successful accordance with Cointelegraph’s Editorial Policy and aims to supply close and timely information. Readers are encouraged to verify accusation independently.

View source