Bitcoin Developer "Too Late to Cancel BIP-110"...Protocol Overhaul War Ignites

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The BIP-110 controversy surrounding the Bitcoin (BTC) network has escalated into a head-on collision. While Bitcoin developer Luke Dashjr declared it "too late to cancel," Saylor demanded a high bar for protocol changes, stating, "Move slowly and don't break things."

According to crypto media outlet U.Today on July 6 (local time), Dashjr rejected calls to withdraw the controversial network upgrade proposal, BIP-110. BIP-110 was proposed as a temporary consensus adjustment to introduce data regulations to counter spam from Ordinals and Runes.

Proponents of BIP-110 argue that inserting non-financial data into the blockchain clogs the network and increases data storage requirements. Dashjr, a key supporter of the soft fork and maintainer of Bitcoin Knots software, stated, "Saylor said nothing about BIP-110," and "It's too late to cancel BIP-110."

Dashjr also left open the possibility that the current proposal might not be the end. He said, "If Core gets its act together within the next year, a subsequent long-term soft fork might not be necessary." This remark suggests that the debate surrounding BIP-110 could extend beyond short-term data regulation issues to the future direction of Bitcoin protocol reform.

On the opposing side, voices emerged advocating for the prioritization of network immutability. Saylor stated, "Bitcoin is not a tech stock, a payment company, or a software platform competing to add features." He added, "The goal is not to move fast and break things. The goal is to move slowly and not break things." Saylor argued that a very high standard of proof is required for protocol changes.

Saylor emphasized, "Halvings tighten supply, and capital flows determine the growth trajectory." At the same time, he warned of the risk that excessive leverage could create 'paper Bitcoin.' As Dashjr, who declared BIP-110 irreversible, and Saylor, who emphasized immutability over change, clashed, the debate surrounding the philosophical underpinnings of Bitcoin network operation surfaced.

[Key Article Summary]

-Luke Dashjr rejected calls to withdraw BIP-110, which includes data regulations, stating, "It's too late to cancel."

-BIP-110 was proposed as a temporary consensus adjustment to counter spam from Ordinals and Runes.

-Saylor emphasized, "Move slowly and don't break things," demanding a high standard of proof for Bitcoin protocol changes.

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