{"id":550051,"date":"2026-07-20T05:47:20","date_gmt":"2026-07-20T05:47:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/550051\/"},"modified":"2026-07-20T05:47:20","modified_gmt":"2026-07-20T05:47:20","slug":"michael-saylor-says-bitcoins-proposed-bip-110-upgrade-is-more-dangerous-than-the-condition","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/550051\/","title":{"rendered":"Michael Saylor Says Bitcoin&#8217;s Proposed BIP-110 Upgrade Is &#8216;More Dangerous Than the Condition&#8217;"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/2B80097B0A4998E1BC681F022759F5D3730AF72A6E4300BBF7600ED2F93E89FB\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2FBenzinga%2Fba3fffced0a5b9b9d5df8bfe59b7b0f7\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" height=\"640\" width=\"960\" class=\"yf-lglytj loader\"\/><\/a>          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Strategy Inc. <a href=\"https:\/\/finance.yahoo.com\/quote\/MSTR\/\" data-ylk=\"slk:(NASDAQ%3A;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;(NASDAQ:&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"ticker-link\" rel=\"nofollow noopener\">(NASDAQ:<\/a><a href=\"https:\/\/finance.yahoo.com\/quote\/MSTR\/\" data-ylk=\"slk:MSTR;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;MSTR&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"ticker\" rel=\"nofollow noopener\">MSTR<\/a>) founder Michael Saylor made a case on Sunday against the BIP-110 software upgrade for Bitcoin <a href=\"https:\/\/finance.yahoo.com\/quote\/BTC-USD\/\" data-ylk=\"slk:(CRYPTO%3A%20BTC);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;(CRYPTO: BTC)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"ticker-link\" rel=\"nofollow noopener\">(CRYPTO: BTC)<\/a>, arguing that the &#8220;proposed cure is more dangerous than the condition.&#8221;  <\/p>\n<p>        What Is The Upgrade About          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The upgrade is <a href=\"https:\/\/github.com\/bitcoin\/bips\/blob\/master\/bip-0110.mediawiki\" data-ylk=\"slk:aimed;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;aimed&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">aimed <\/a>at temporarily restricting the use of Bitcoin for storing large amounts of &#8220;non-monetary data,&#8221; including<a href=\"https:\/\/www.benzinga.com\/money\/what-are-bitcoin-ordinals?nid=60543662&amp;utm_campaign=partner_feed&amp;utm_content=site&amp;utm_medium=partner_feed&amp;utm_source=yahooFinance\" data-ylk=\"slk:%20Ordinal%20inscriptions;elm:affiliate_link;itc:0;sec:content-canvas;elmt:premonetized;pkgt:horizontal-editorial;subsec:commlist;source:content-canvas%20commlist\" data-yga=\"{&quot;yLinkText&quot;:&quot; Ordinal inscriptions&quot;,&quot;yLinkElement&quot;:&quot;affiliate_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkElementType&quot;:&quot;premonetized&quot;,&quot;yPackageType&quot;:&quot;horizontal-editorial&quot;,&quot;ySubModuleName&quot;:&quot;commlist&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas commlist&quot;,&quot;yHasCommerce&quot;:true}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> Ordinal inscriptions<\/a>, and refocusing priorities on improving Bitcoin as &#8220;money.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Supporters of BIP-110 argue that this &#8220;spam&#8221; bloats the blockchain and creates &#8220;significant unnecessary burdens&#8221; on node operators.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">BIP-110 proposes a <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-forks-explained-bch-btg-bsv#soft-forks?nid=60543662&amp;utm_campaign=partner_feed&amp;utm_content=site&amp;utm_medium=partner_feed&amp;utm_source=yahooFinance\" data-ylk=\"slk:temporary%20soft%20fork;elm:affiliate_link;itc:0;sec:content-canvas;elmt:premonetized;pkgt:horizontal-editorial;subsec:commlist;source:content-canvas%20commlist\" data-yga=\"{&quot;yLinkText&quot;:&quot;temporary soft fork&quot;,&quot;yLinkElement&quot;:&quot;affiliate_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkElementType&quot;:&quot;premonetized&quot;,&quot;yPackageType&quot;:&quot;horizontal-editorial&quot;,&quot;ySubModuleName&quot;:&quot;commlist&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas commlist&quot;,&quot;yHasCommerce&quot;:true}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">temporary soft fork<\/a> that introduces seven restrictions on transactions containing large amounts of arbitrary data. The proposal is heading toward a key activation window in early August 2026.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">However, Saylor remained unconvinced and aired his apprehensions in an X essay titled &#8220;110 Reasons BIP 110 Is a Bad Idea.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Many Bitcoiners I respect support BIP 110. I understand and share their desire to protect Bitcoin, but believe the proposed cure is more dangerous than the condition. Here are 110 reasons why Bitcoin needs guardians of neutrality. <a href=\"https:\/\/t.co\/hOAqfAgC58\" data-ylk=\"slk:https%3A%2F%2Ft.co%2FhOAqfAgC58;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;https:\/\/t.co\/hOAqfAgC58&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">https:\/\/t.co\/hOAqfAgC58<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/x.com\/saylor\/status\/2078754106030649740?ref_src=twsrc%5Etfw\" data-ylk=\"slk:July%2019%2C%202026;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;July 19, 2026&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">July 19, 2026<\/a>  <\/p>\n<p>        Saylor&#8217;s Arguments          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Saylor argued that the ability of a soft fork like BIP-110 to render some blocks invalid to upgraded nodes should be used only for &#8220;clear, severe, and &#8220;broadly understood&#8221; failures.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">He contended that BIP-110 does not rectify any known critical bugs or established consensus failures such as inflation, signature validation, or double-spending. Rather, it tackles a &#8220;contested externality and use case,&#8221; for which he believes\u00a0the burden of proof should\u00a0be exceptionally high.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;Bitcoin&#8217;s strength is not that everyone agrees on every use. Its strength is that disagreement is contained by neutral rules and hard consensus. Bitcoin should remain conservative at the base layer. For me, that means rejecting BIP 110,&#8221; the Bitcoin bull said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Read Also:<a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/07\/60519903\/bitcoins-next-strong-run-depends-on-breaking-65000-technical-analyst-says?nid=60543662&amp;utm_campaign=partner_feed&amp;utm_content=site&amp;utm_medium=partner_feed&amp;utm_source=yahooFinance\" data-ylk=\"slk:Bitcoin%E2%80%99s%20Next%20%E2%80%98Strong%20Run%E2%80%99%20Depends%20on%20Breaking%20%2465%2C000%2C%20Technical%20Analyst%20Says;elm:affiliate_link;itc:0;sec:content-canvas;elmt:premonetized;pkgt:horizontal-editorial;subsec:commlist;source:content-canvas%20commlist\" data-yga=\"{&quot;yLinkText&quot;:&quot;Bitcoin\u2019s Next \u2018Strong Run\u2019 Depends on Breaking $65,000, Technical Analyst Says&quot;,&quot;yLinkElement&quot;:&quot;affiliate_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkElementType&quot;:&quot;premonetized&quot;,&quot;yPackageType&quot;:&quot;horizontal-editorial&quot;,&quot;ySubModuleName&quot;:&quot;commlist&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas commlist&quot;,&quot;yHasCommerce&quot;:true}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitcoin&#8217;s Next &#8216;Strong Run&#8217; Depends on Breaking $65,000, Technical Analyst Says<\/a>  <\/p>\n<p>        Support And Opposition          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Saylor&#8217;s BIP-110 critique met resistance from veteran Bitcoin trader Fred Krueger, who published a counter-essay outlining why it was a &#8220;good idea.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/t.co\/aWY9hc0bwA\" data-ylk=\"slk:https%3A%2F%2Ft.co%2FaWY9hc0bwA;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;https:\/\/t.co\/aWY9hc0bwA&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">https:\/\/t.co\/aWY9hc0bwA<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">\u2014 Fred Krueger #BIP-110 (@dotkrueger) <a href=\"https:\/\/x.com\/dotkrueger\/status\/2078561559438352653?ref_src=twsrc%5Etfw\" data-ylk=\"slk:July%2018%2C%202026;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;July 18, 2026&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">July 18, 2026<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Jameson Lopp, Bitcoin security expert and Casa co-founder, stated it&#8217;s ok &#8220;to stop respecting BIP-110 supporters&#8221; due to their perceived poor judgment and misplaced priorities on protocol changes.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Price Action: At the time of writing, BTC was exchanging hands at $64,785.18, up 0.26% over the last 24 hours, according to data from Benzinga Pro.  <\/p>\n","protected":false},"excerpt":{"rendered":"Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor made a case on Sunday against the BIP-110 software upgrade for Bitcoin&hellip;\n","protected":false},"author":2,"featured_media":550052,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[951,32556,114,85,46,132146],"class_list":["post-550051","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-bitcoin-price","tag-business","tag-il","tag-israel","tag-michael-saylor"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=550051"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/550052"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=550051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=550051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=550051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}