Michael Saylor has come out firmly against Bitcoin Improvement Proposal 110, better known as BIP 110. His argument is straightforward: Bitcoin needs guardians of neutrality, not gatekeepers deciding which transactions are worthy of the chain.
What BIP 110 actually proposes
BIP 110 is designed to temporarily add seven extra consensus rules to the Bitcoin network for a period of one year. The goal is to filter out what proponents call network spam, specifically non-monetary data inscriptions modeled after Ordinals.
In practical terms, the proposal would cap new output scripts at 34 bytes and limit OP_RETURN outputs to 83 bytes.
For BIP 110 to activate, at least 55% of nodes would need to validate blocks signaling support, with the target activation set at block 965,664. Here is where the proposal immediately runs into a wall: miner signaling is currently sitting at 0%.
