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Michael Saylor warns Bitcoin proposal BIP-110 risks censorship and network splits by restricting blockchain data.

Market News
19 Jul 2026
Coindesk
View Source
Bearish
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Michael Saylor, co-founder of Strategy, criticizes Bitcoin Improvement Proposal 110 (BIP-110), which aims to temporarily limit arbitrary data on the Bitcoin blockchain to reduce 'spam.' He argues this change threatens Bitcoin's neutrality, could cause network splits by lowering miner approval thresholds, and might stifle innovation and miner incentives. Saylor suggests market-based fees and relay policies are better solutions to manage data without altering Bitcoin's core consensus rules. His stance highlights concerns over maintaining Bitcoin as an open, permissionless financial system without censorship.

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