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Saylor and Back Oppose BIP-110 Ordinals Proposal for Bitcoin

Summarized from Cointelegraph

Bitcoin bulls Michael Saylor and Adam Back have publicly criticized the BIP-110 proposal targeting Ordinals inscriptions on the Bitcoin network.

Michael Saylor and cryptographer Adam Back, two of the most prominent voices in the Bitcoin community, have come out firmly against BIP-110, a proposal that would restrict or remove Ordinals inscriptions from the Bitcoin blockchain. Their opposition signals a significant alignment among high-profile Bitcoin advocates against efforts to alter how arbitrary data can be embedded in Bitcoin transactions.

BIP-110 has reignited a long-running philosophical battle over what Bitcoin's blockchain should ultimately be used for. Supporters of the proposal argue that Ordinals-style inscriptions burden the network with non-financial data, while opponents like Saylor and Back contend that any attempt to censor or limit transaction types sets a dangerous precedent for Bitcoin's core principles of openness and immutability.

The timing of the controversy is notable given that Ordinals transaction activity has actually declined substantially over the past two years. Critics of BIP-110 may point to that downturn as evidence that market forces are already self-correcting the issue, making a protocol-level intervention unnecessary and potentially harmful to developer confidence in Bitcoin's neutrality.

The debate underscores a deeper tension within the Bitcoin ecosystem between those who view the protocol as strictly a monetary network and those who see it as a neutral, permissionless base layer capable of supporting a broader range of applications. How the Bitcoin developer community ultimately responds to BIP-110 could shape the network's technical direction for years to come.

Continue reading at Cointelegraph.

Frequently Asked Questions

Q.What is BIP-110 and what does it propose for Bitcoin?

BIP-110 is a Bitcoin Improvement Proposal that aims to restrict or remove Ordinals inscriptions from the Bitcoin blockchain, targeting the practice of embedding arbitrary data into Bitcoin transactions.

Q.Why do Michael Saylor and Adam Back oppose BIP-110?

Both Saylor and Back have criticized BIP-110, with opponents of the proposal arguing it sets a dangerous precedent by censoring transaction types and undermining Bitcoin's principles of openness and immutability.

Q.How has Ordinals activity changed over the past two years?

According to Cointelegraph, Ordinals transaction activity has seen a broad downturn over the last two years, which some argue reduces the urgency for a protocol-level intervention like BIP-110.