Saylor Slams BIP 110: 'Bitcoin Doesn't Need Guardians of Purity'

Michael Saylor, chairman of MicroStrategy, has expressed concerns about Bitcoin Improvement Proposal (BIP) 110. He argues that it would compromise protocol neutrality in exchange for a temporary solution to data storage issues on the blockchain.

BIP 110 aims to restrict certain transaction types to reduce data storage costs, but Saylor believes this approach is flawed. He acknowledges the goals of protecting node operators and keeping payments affordable, but claims that the proposal's restrictions are too broad and unfair.

The proposal would cap script sizes, restrict Taproot control blocks, and bar spending of undefined witness versions. Saylor calls these changes a 'blunt proxy' for a cost that has not been measured.

He also warns that BIP 110 could close reserved options for future upgrades, limiting Bitcoin's flexibility and optionality. Saylor believes that Bitcoin does not need guardians of purity but rather guardians of neutrality.