Michael Saylor said Bitcoin is an emergent network shaped by holders, nodes, and miners, with capital, consensus, and security held in a shifting balance. He pushed back against BIP 110, warning that the proposal would turn a dispute over spam into a consensus change. The proposal would limit non-payment data storage to one year, requires support from 55% of miners, and is slated for activation in September this year. Miner signaling support is currently close to zero. The report also said Strategy’s recent Bitcoin sales show that corporate capital decisions can feed into governance debates around the network. The item was cited by Techub, referencing crypto.news.
Michael Saylor said Bitcoin is an emergent network shaped by holders, nodes, and miners, with capital, consensus, and security in dynamic balance.
He opposed BIP 110 and warned that it would escalate a dispute over spam into a consensus change.
Based on the information provided, BIP 110 would limit non-payment data storage to one year, requires support from 55% of miners, and is planned for activation in September this year. Miner signaling support is currently close to zero.
The report also said Strategy’s recent Bitcoin sales indicate that corporate capital decisions can also influence governance debates around the network. Techub cited crypto.news.
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