No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Crypto

Strategy’s Michael Saylor Pounds Away at “Bad Idea” BIP-110

July 19, 2026
in Crypto
0
Cointelegraph


Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network, or BIP-110, is a bad idea.

Bitcoin Improvement Proposal-110 was introduced in December 2025 to stop nonfungible token-like Ordinals inscriptions and other arbitrary data from spamming the network and to preserve BTC’s main use as a peer-to-peer cash system.

In a roughly 3,700 word post on X.com, the man in control of the largest Bitcoin (BTC) corporate treasury made a case for what he said are “neutral rules, hard consensus, open markets, and permissionless innovation.”

Source: Michael Saylor on X.com

“Many Bitcoiners I respect support BIP 110. They want to keep validation accessible, protect node operators from unwanted costs and content, preserve affordable payments, and keep Bitcoin focused on sound money rather than general-purpose data storage. Those are serious concerns. I share the objectives. I disagree about the remedy,” Saylor said. He added:

“This article critiques the proposal, not the people behind it. I assume good faith. Bitcoin is strongest when we can disagree vigorously without mistaking allies for enemies.”

As of 12 p.m. ET, on Sunday, the post had been viewed 879,000 times, with 692 replies and 852 retweets.

BIP-110 is one of the more notable protocol-level disputes in the Bitcoin development community since the Blocksize Wars between 2015 and 2017, when ecosystem participants debated whether it was worth risking a chain split to raise the block size limit for scalability. 

The proposal was introduced by pseudonymous Bitcoin developer “Dathon Ohm” with the support of Ocean protocol founder Luke Dashjr. Opponents include Blockstream CEO Adam Back.

Related: Bitcoin nodes running BIP-110 crosses 2% as spam wars heat up

Little certainty on BHP-110 approval

To be sure, BIP-110 won’t be activated unless 55% of Bitcoin nodes validating blocks are in support of the proposal across a Bitcoin block “period.”

In the last period, period number 475 between block 955,584 and 957,599, only 1% of blocks were in support.

The dispute comes at a time when Ordinals activity is at near all-time lows, with fewer than 10,000 Ordinals inscribed into the Bitcoin blockchain on a daily basis over the last month, down from the more than 400,000 seen during its peak in August 2023.

Change in daily Ordinals inscriptions since December 2022.
Source: Dune Analytics

Bock has previously criticized BIP-110, describing it as a “quest to police other people.” 

He said Bitcoin’s decentralization should mean “you can’t impose your views on others,” calling it incompatible with BTC’s cypherpunk ethos of permissionless, censorship-resistant money.

Dashjr and other BIP-110 supporters have called Ordinals-driven bloat a “serious threat” to the network, prompting the need for an imminent fix.

They have also argued BIP-110 wouldn’t cause a chain split, as many fear, while adding that the BIP-110 fork imposes a temporary one-year limit and thus wouldn’t invalidate fee-paying transactions over the long term.

Features: From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips

Editorial Team

Editorial Team

Related Posts

Uniswap vote could supercharge UNI burn with Robinhood Chain fees
Crypto

Uniswap vote could supercharge UNI burn with Robinhood Chain fees

July 19, 2026
South Korea targets Dunamu over Upbit hack as legal gaps emerge
Crypto

South Korea targets Dunamu over Upbit hack as legal gaps emerge

July 19, 2026
Stablecoin neobank Kontigo hit by $340K USDC hack, vows 100% reimbursement
Crypto

Japan logistics giant plans JPYC payments for 2,300 partners

July 19, 2026
Cointelegraph
Crypto

US Agencies Miss GENIUS Act Deadline for Final Stablecoin Rules

July 19, 2026
Circle president backs USDC as new rival pressures CRCL stock
Crypto

Circle president backs USDC as new rival pressures CRCL stock

July 19, 2026
Zcash audit finds no new critical flaws after Anthropic review - 1
Crypto

Zcash sets July 28 hard fork to seal Orchard after critical bug

July 19, 2026
Load More

Popular News

  • A comfortable retirement standard gets people a new small car every three years

    How much does a comfortable retirement cost? New figures reveal what YOU need – and what you’d get

    0 shares
    Share 0 Tweet 0
  • A 10%-Yielding Portfolio You’ll Want To Own Forever

    0 shares
    Share 0 Tweet 0
  • 12 Beach Hotels Where Guests Can Participate in Ocean Conservation

    0 shares
    Share 0 Tweet 0
  • Relinquishing Control on a ‘Self-Navigating’ Road Trip Through the Faroe Islands

    0 shares
    Share 0 Tweet 0
  • These Are the Best Deals on Home Improvement Tools During Early Black Friday Sales

    0 shares
    Share 0 Tweet 0

Latest News

Cointelegraph

Strategy’s Michael Saylor Pounds Away at “Bad Idea” BIP-110

July 19, 2026
0

Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary...

Is there a deadline to claim the $1,000 ‘Trump account’ contribution for my kid?

Is there a deadline to claim the $1,000 ‘Trump account’ contribution for my kid?

July 19, 2026
0

Some children who don’t qualify for the government contribution may be eligible for an initial $250.

Uniswap vote could supercharge UNI burn with Robinhood Chain fees

Uniswap vote could supercharge UNI burn with Robinhood Chain fees

July 19, 2026
0

Uniswap governance is preparing to vote on two proposals that could expand the protocol’s UNI burn by adding new fee...

South Korea targets Dunamu over Upbit hack as legal gaps emerge

South Korea targets Dunamu over Upbit hack as legal gaps emerge

July 19, 2026
0

South Korea’s Financial Supervisory Service has begun a formal sanctions process against Dunamu, the operator of crypto exchange Upbit, over...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.