Michael Saylor, co-founder of MicroStrategy, says Bitcoin (BTC) has won the global narrative war, but he points to BIP-110 protocol changes as the biggest remaining threat to the asset.
Meanwhile, Bitcoin Conference organizer David Bailey extended an invitation to BIP-110 supporters, revitalizing a debate that has divided the Bitcoin community into opposing camps.
BIP-110 is a proposal to change how new Bitcoin blocks are chosen by allowing miners to vote on which valid block will be accepted, rather than strictly following the longest-chain rule.
In simple terms, it tries to make the Bitcoin consensus more resilient and resistant to certain mining attacks.
Why the BIP-110 debate is important now
Saylor argues that the price of BTC is now paid Institutional capital flows Instead of cutting the cycles in half.
He describes the four-year cycle as “dead” and stressed that bank lending and digital credit will shape Bitcoin’s future growth.
However, the most provocative line targeted protocol development. The CEO of MicroStrategy describes “bad ideas driving therapeutic protocol changes” as the single biggest risk to Bitcoin.
“Iatrogenic” is a medical term meaning harm caused by medical examination, treatment or advice from health professionals.
This caveat falls squarely on the controversy over BIP-110. The Bitcoin improvement proposal, submitted by developer Dathon Ohm and supported by the Bitcoin Knots team, seeks a temporary one-year soft fork to restrict non-monetary data in Bitcoin transactions.
It targets ordinal, BRC-20, and uppercase codes OP_RETURN payloads Which critics say leads to blockchain and node operators being bloated.
A society divided into two parts
The first mass signal support for BIP-110 was extracted by Ocean Pool in March 2026.
Supporters portray it as a necessary defense of Bitcoin’s identity as sound money. They argue that arbitrary data competes unfairly with payments and results in higher fees for ordinary users.
Opponents see a completely different picture. Adam Back, CEO of Blockstream, warned that interference at the consensus level could damage Bitcoin’s credibility as a store of value.
He said the proposal risks setting a precedent for oversight of future transactions.
The activation threshold itself remains controversial. BIP-110 suggests a hash power requirement of 55%, which is much lower than the traditional 95% consensus standard for Bitcoin upgrades.
Bailey, Nakamoto’s CEO and chairman and founder of BTC, acknowledged his role in mocking BIP-110 supporters online.
Many BIP-110 supporters dismissed the gesture as a public relations move tied to ticket sales rather than true bridge-building.
Despite this, the 2026 Bitcoin Conference and Federal Reserve meeting are scheduled for late April, creating a dense stimulus window for Bitcoin.
BIP-110 signaling remains active, with a possible activation decision looming later in 2026.
It’s a contest over whether Bitcoin should remain a simple monetary instrument or allow for broader on-chain experimentation.
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