Michael Saylor is leading the opposition against a new proposal designed to clean up the Bitcoin blockchain. The Strategy co-founder argues that Bitcoin Improvement Proposal 110 (BIP-110) is a dangerous departure from the network's core principles.
The proposal aims to temporarily restrict arbitrary data storage to focus on Bitcoin's monetary functions. However, Saylor calls the plan a threat to the network's neutrality. "The proposed cure is more dangerous than the condition," he stated.
A major point of contention is the proposal's plan to lower the miner-signaling threshold for upgrades from the standard 95% to just 55%. Saylor warns this aggressive change could lead to a network split and market uncertainty.
Saylor argues that suppressing data storage could weaken miner incentives by reducing fee revenue, ultimately compromising Bitcoin's security. Instead of consensus changes, he advocates for using market-based fees and relay policies to manage spam.
"Bitcoin does not need guardians of purity," Saylor concluded. "It needs guardians of neutrality."