Michael Saylor argues that Bitcoin's consensus rules must remain unchanged, likening them to a constitution and warning against proposed alterations.
Summary
- Michael Saylor emphasized that Bitcoin's consensus rules should be treated as a "constitution," arguing that any modifications amount to economic theft.
- His concerns include proposals like BIP-110 and others that suggest altering Bitcoin's structure, which he believes threaten the integrity of the network.
- The signaling window for BIP-110 is set to open around August 9, but current miner support stands at only 2.64%, far short of the 55% needed for activation.
Michael Saylor has shifted his stance from opposing BIP-110 to a broader critique of any proposed changes to Bitcoin's code. In a recent series of posts on X, he framed the ongoing discussions regarding Bitcoin's protocol as a potential constitutional crisis.
"Bitcoin has won. Now it must survive victory," Saylor stated on X. He warned that the greatest threat to Bitcoin comes not from external adversaries but from internal factions that may seek to modify the rules and undermine economic rights.
Previously focused on BIP-110, which aims to limit non-financial data on Bitcoin's blockchain, Saylor has expanded his critique to include various proposals that he sees as harmful. He now associates BIP-110 with covenant mechanisms and calls for larger blocks, arguing that these different proposals share a common goal of rewriting Bitcoin's foundational rules.
Bitcoin has won. Now it must survive victory.
The most significant threat is not an enemy at the gates, but corruption from within: factions that justify rule changes and seize economic rights.
— Michael Saylor (@saylor) July 28, 2026
Saylor contends that Bitcoin's consensus rules are akin to a country's constitution, asserting that any changes to these rules for the benefit of a specific group violate the economic rights of all participants. He believes that alterations should be infrequent and driven by necessity rather than ambition, urging the community to protect Bitcoin's foundational principles.
Currently, BIP-110 is primarily championed by its creator, Dathon Ohm, with significant input from experienced developer Luke Dashjr. Supporters of BIP-110 argue that it serves to prioritize peer-to-peer transactions over the storage of various data types on the blockchain, framing it as a necessary measure for resource conservation.
Obvious substantive flaws
BIP-110 restricts specific data uses; covenants enhance functionality; larger blocks increase capacity. They do not represent a single coherent agenda.
— Fred Krueger #BIP-110 (@dotkrueger) July 28, 2026
The mandatory signaling window for BIP-110, during which nodes using the proposal's software will start rejecting non-compliant blocks, is expected to start around August 9, at block 961,632. However, the current miner support is only 2.64%, significantly below the 55% required for activation.
