Michael Saylor · Bitcoin · Strategy · The Block
Saylor urges Bitcoin to reject BIP-110 in 110-point essay as soft fork’s August showdown approaches
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Michael Saylor, the co-founder and executive chairman of Strategy, published a 110-point essay on X Saturday urging the Bitcoin (BTC) network to reject BIP-110, the "anti-spam" soft fork proposal, weeks before its contested activation timeline comes to a head.
Key facts
- The intervention is a rare protocol-governance foray for Saylor, whose firm is the largest corporate holder of bitcoin with 843,775 BTC at an average cost of $75,476 as of July 12, per its most
- The chart showed holdings worth $54.28 billion, down roughly $9.4 billion from their displayed cost basis, and the post had drawn about 965,000 views by late Sunday afternoon
- The essay, titled "110 Reasons BIP 110 Is a Bad Idea," had drawn more than 840,000 views by Sunday afternoon
- BIP-110, first published as BIP-444 in October 2025 after Bitcoin Core's v30 release lifted default OP_RETURN data limits, is a temporary one-year soft fork bundling seven restrictions on data-heavy
Summary
The essay, titled "110 Reasons BIP 110 Is a Bad Idea," had drawn more than 840,000 views by Sunday afternoon. BIP-110, first published as BIP-444 in October 2025 after Bitcoin Core's v30 release lifted default OP_RETURN data limits, is a temporary one-year soft fork bundling seven restrictions on data-heavy transactions. Saylor's central claim is that consensus rules cannot judge the purpose of valid, fee-paying transactions and should not try. The final entry in his list dismissed the measure as "a Bitcoin Iatrogenic Proposal," repurposing the BIP acronym with the term for harm caused by a medical treatment.