Michael Saylor Publishes 110-Point Opposition to Bitcoin's BIP-110 Soft Fork on July 18

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Michael Saylor, executive chairman of Strategy, published a 110-point essay on July 18 opposing Bitcoin's proposed BIP-110 soft fork, which would restrict Ordinals and inscriptions for approximately one year. Saylor argues that the proposal sets a dangerous precedent by using consensus rules to invalidate currently valid, fee-paying transactions. He contends that Bitcoin "cannot read intent" and therefore cannot distinguish between spam and legitimate data uses, cautioning that approving BIP-110 would create a governance template others could exploit to restrict privacy tools, custody methods, or stablecoin systems. The proposal's activation design also concerns Saylor, as it lowers the miner-signaling threshold to 55% from the historical 95% standard and eliminates the option for quiet expiration.
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