Saylor named the main threat to Bitcoin
🅱️ The main danger to the BTC network is posed by "ambitious opportunists" attempting to change the protocol for their own goals. This was stated by Strategy founder Michael Saylor, commenting on the disputes surrounding new use cases for blockchain.
🕕 In the community, Saylor's words were linked to the discussion about BIP-110 — an initiative by Bitcoin Knots proposing to limit the amount of data in transactions to combat spam. The occasion was also a recent criticism of updates that expand data storage capabilities in the network.
📊 The authors of BIP-110 argue that arbitrary data overloads nodes and distracts Bitcoin from its financial mission. However, only about 3% of validators have expressed support for the initiative, with 55% needed.
➡️ Opponents of the soft fork consider the proposal ineffective and point out that methods of recording data have long evolved. Adam Back reminded that built-in mechanisms — fees and Proof of Work — already force spammers to pay an economic price without breaking the architecture of the network.
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