Luke Dashjr, a notable Bitcoin developer, has firmly rejected calls to withdraw the controversial network upgrade proposal known as BIP-110.
Details on BIP-110
The BIP-110 proposal aims to implement data regulation as a temporary consensus modification to combat spam generated by non-financial entities like Ordinals and Runes. Advocates of the proposal argue that embedding such data strains the network and increases data storage requirements.
Dashjr's Response
Dashjr, who also maintains the Bitcoin Knots software, emphasized that it is too late to backtrack on BIP-110. He noted, “Saylor didn’t say anything about BIP-110,” addressing comments made by prominent Bitcoin advocate Michael Saylor regarding the proposal. In light of the ongoing discussions, Dashjr stated, “If Core gets their act together in the next year, maybe we won’t need a follow-up long-term softfork.”
Community Perspectives
Saylor recently articulated views on the necessity of maintaining Bitcoin’s immutability, suggesting that the network should progress conservatively rather than rapidly. He underlined that Bitcoin’s evolution should result from less change rather than more, arguing, “Its purpose is to move slowly and not break.” Saylor has argued that changes to the protocol must be supported by substantial evidence to warrant consideration.
Furthermore, Saylor expressed that significant institutional investment will influence future growth patterns of Bitcoin, remarking, “The halving tightens supply. Capital flows set the growth trajectory.” He raised concerns, however, about the dangers posed by excessive leveraging, which could lead to the creation of “paper Bitcoin.”
