Michael Saylor speaks out against Bitcoin BIP-110, arguing the proposal essentially forces "currency purity" through legal means, which runs counter to the core tenets of decentralization.

Michael Saylor, founder of Strategy, stated that attempting to modify Bitcoin rules solely due to disapproval of how others use Bitcoin is a statist impulse, contrary to the Bitcoin community’s core values of freedom, property rights, free markets, and Austrian economics principles. BIP-110 is essentially an attempt to enforce "monetary purity" through legal means, which is inconsistent with Bitcoin’s core concept of decentralization. On the 19th, Michael Saylor opposed BIP-110, arguing that its governance risks outweigh the problems it seeks to solve. He claimed the proposal attempts to restrict the use of currently valid, fee-paying transactions via consensus rules, which could elevate disputes over use cases like data storage to the protocol layer. BIP-110 would add seven consensus restrictions over its approximately one-year validity period, including limiting the length of new script public keys, the size of certain push data and witness items, and disabling some Taproot extension paths, among other measures. Saylor also listed 110 reasons to oppose BIP-110. He objected to the proposal’s 55% miner signaling threshold, noting it is significantly lower than BIP-9’s 95% standard, and that eliminating regular timeouts and FAILED states could increase coordination errors, chain splits, and market uncertainty. Saylor believes that tools such as block space fees, node relay policies, miner strategies, pruning, and Layer 2 solutions can address these issues without modifying consensus rules. He emphasized that even if the rules are only temporarily in effect, the governance precedent established could persist long-term, making "the proposed governance framework more dangerous than the problem itself."