Michael Saylor Posts 110 Reasons Against Bitcoin BIP-110 Soft Fork Proposal

According to Decrypt, Strategy Executive Chairman Michael Saylor recently published a long article titled "110 Reasons BIP 110 Is a Bad Idea," comprehensively opposing the Bitcoin BIP-110 soft fork proposal. BIP-110 aims to temporarily restrict non-financial data such as Ordinals and inscriptions from being on-chain by tightening consensus rules. Supporters (including developer Luke Dashjr and the Bitcoin Knots camp) characterize it as an "anti-spam transaction" measure. Saylor raised three core objections to this: • Precedent Risk: Bitcoin cannot identify data "intent"; blocking a type of usage via consensus means will set a dangerous template for future innovations targeting privacy tools, stablecoin settlements, etc., "The restriction period is about one year, but the precedent exists permanently" • Activation Mechanism Risks: BIP-110 lowers the miner signaling threshold from 95% to 55%, and removes the proposal natural expiration option. With the current signaling rate below 1%, inconsistent execution could lead to network split • Classification Controversy: Saylor believes "spam" is not a consensus-layer concept; dislike for a certain type of usage does not equal invalidity. "Bitcoin does not need guardians of purity, but guardians of neutrality" Saylor's stance aligns with Blockstream CEO Adam Back, Casa Co-founder