Bitcoin developer Luke Dashjr has shut down demands to withdraw a highly controversial network upgrade proposal known as BIP-110.
The BIP-110 controversy and Dashjr's stance
BIP-110, whose purpose is to introduce data regulation, was introduced as a temporary consensus adjustment to fight against spam from the likes of Ordinals and Runes.
Supporters argue that embedding non-financial data congests the network, thus inflating data storage requirements.
Dashjr, a key proponent of the soft fork and maintainer of the Bitcoin Knots software, has dismissed the idea of backpedalling on the proposal. "Saylor didn't say anything about BIP110," Dashjr clarified. "And no, it's too late to cancel BIP110."
Notably,m Dashjr cautioned that the current proposal might only be the beginning. "If Core gets their act together in the next year, maybe we won't need a follow-up long-term softfork," he said.
"Move slowly and do not break"
Saylor recently published his most recent philosophical manifesto, arguing that Bitcoin's ultimate success depends on preserving immutability.
The eccentric executive has stated that Bitcoin’s greatest evolution over the next decade will come from changing less.
"Bitcoin is not a technology stock, a payments company, or a software platform competing to add features," Saylor stated. "Its purpose is not to move fast and break things. Its purpose is to move slowly and not break," he noted.
He has argued that protocol changes must face an incredibly high burden of proof.
Saylor has predicted that massive institutional capital flows will dictate the network's growth. "The halving tightens supply. Capital flows set the growth trajectory," he said.
However, Saylor warned about the risk of the creation of "paper Bitcoin" through excessive leverage.