Strategy founder Michael Saylor posts against BIP 110

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Golden Finance reports that on July 19, Strategy founder Michael Saylor published a long post, “110 Reasons BIP 110 Is a Bad Idea,” publicly opposing the BIP 110 proposal that would restrict inscription-related data storage uses. Saylor said that although some inscriptions, tokens, or files may be worthless or even fraudulent, whether they should be prevented from existing by modifying consensus rules is another matter.
Saylor believes that Bitcoin cannot determine the purpose of the data, so the protocol should remain neutral; controversial transactions should be determined by the fee market, node policies, and miner strategies rather than being banned at the consensus layer. He said: “Bitcoin doesn’t need guardians of purity; it needs guardians of neutrality.”
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