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Michael Saylor, co-founder of MicroStrategy, said Bitcoin has won the global narrative battle but identified internal protocol disputes as the cryptocurrency’s most serious remaining vulnerability. He pointed to BIP-110, a controversial Bitcoin Improvement Proposal that has split the crypto community into two opposing factions.
BIP-110, introduced by developer Dathon Ohm and supported by the Bitcoin Knots team, proposes a temporary one-year soft fork designed to restrict non-monetary data within Bitcoin transactions. The proposal specifically targets Ordinals inscriptions, BRC-20 tokens, and oversized OP_RETURN payloads, which critics argue bloat the blockchain and increase transaction fees for everyday users.
Saylor described harmful protocol changes as “iatrogenic,” using a medical term for conditions caused by the very treatment intended to fix them. His argument is that well-intentioned upgrades could unintentionally damage aspects of Bitcoin that underpin its value.
The dispute has drawn prominent voices across the industry. Blockstream CEO Adam Back warned that intervening at the consensus level could undermine Bitcoin’s credibility as a store of value and could also create conditions that enable future transaction censorship.
David Bailey, CEO of Nakamoto and organizer of the Bitcoin Conference, invited BIP-110 supporters to engage in open dialogue. Some observers, however, dismissed the invitation as a marketing move rather than genuine outreach.
A key technical flashpoint is BIP-110’s proposed activation threshold of 55% miner hash power, which is below Bitcoin’s conventional 95% standard. Ocean mining pool became the first to signal support for the proposal in March 2026, keeping the issue in focus ahead of a potential activation decision later this year.
Saylor also argued that Bitcoin’s traditional four-year halving cycle no longer drives price action. He said institutional capital and bank lending are now the dominant forces shaping BTC’s trajectory.

In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…