Michael Saylor, co-founder and executive chairman of Strategy, published a 110-point essay on X on July 18 urging the Bitcoin network to reject BIP-110, the anti-spam soft fork proposal. His central argument is that consensus rules cannot judge the purpose of valid, fee-paying transactions and should not try to do so. BIP-110 is a temporary one-year soft fork bundling seven restrictions on data-heavy transactions, requiring 55% support for activation. Current support stands at 0.86%, far below the threshold needed, with node support estimated at 7% to 15%. Saylor first weighed in on July 11, replying to criticism from Blockstream CEO Adam Back.
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