Wu Says Has Learned that Strategy founder Michael Saylor published a long post titled “110 Reasons BIP 110 Is a Bad Idea,” publicly opposing the BIP 110 proposal that would restrict data storage use cases such as inscriptions. Saylor said that although some inscriptions, tokens, or files may be worthless or even fraudulent, whether they should be prevented from existing by changing consensus rules is another matter. Saylor believes that Bitcoin cannot determine the purpose of data, so the protocol should remain neutral; controversial transactions should be determined by the fee market, node and miner strategies, rather than being banned at the consensus layer. He said: Bitcoin doesn’t need guardians of purity, but guardians of neutrality.

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