Strategy founder Michael Saylor published a lengthy essay Saturday rejecting BIP 110, a proposed Bitcoin softfork that would temporarily restrict several types of transactions carrying non-payment data. Saylor's essay lists 100 numbered arguments against the proposal, which he says amounts to using Bitcoin's consensus rules to discourage a disputed but currently valid category of transactions.
Two U.S. service members were killed, one remains missing, and several others were wounded during an Iranian missile and drone attack on a Jordanian air base. The deaths are the first caused by direct Iranian fire since the war began, while four evacuated troops have already left the hospital.
Bitcoin governance debates are heating up again, and this time Michael Saylor has entered the conversation with a lengthy critique of BIP 110. Rather than focusing on price or market cycles, Saylor argues the proposal could fundamentally change how Bitcoin evolves by introducing consensus rules that restrict currently valid transactions.