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Deep Tide TechFlow message: On July 19, Michael Saylor published an article titled “110 Reasons BIP 110 Is a Bad Idea,” opposing the Bitcoin proposal BIP 110. He said that BIP 110 would, via a soft fork, add seven new consensus restrictions within about 1 year, including restrictions on scriptPubKey, OP_RETURN, witness data, the Taproot annex, control blocks, and some TapScript usage, and it would adopt a modified BIP 9 deployment mechanism. Saylor believes the proposal is not intended to fix clear consensus failures such as inflation, double-spending, or signature verification, but instead attempts to resolve disputes over the proper use of valid paid transactions at the consensus layer. He said it could compress future upgrade space, increase activation coordination risk, and set a precedent for excluding certain uses through consensus rules.