Post
X conversation update
1 related posts from @CG_BRC20
BIP-110, a proposal to restrict non-financial data on Bitcoin, faces strong opposition from Adam Back and Michael Saylor, who argue it violates Bitcoin's permissionless nature. The debate highlights a philosophical split over the role of data on the base layer, with miner support near zero.
The proposal aims to reduce network spam and node pressure by limiting OP_RETURN and large data writes, but critics fear it sets a dangerous precedent for using consensus rules to restrict transaction types, potentially leading to a chain split.
Miner support remains below 1% as of mid-July 2026; the proposal is unlikely to pass, but the controversy continues to shape Bitcoin governance discourse.
Adam BackCo-Founder and CEO · Bitcoin Standard Treasury CompanyAdam Back is the co-founder and CEO of Blockstream and Bitcoin Standard Treasury Company. He invented Hashcash, the proof-of-work algorithm cited by Satoshi Nakamoto in the Bitcoin whitepaper, which was intended to be the basis for its mining function in the future. Over the course of his two-decade-long career as an applied cryptographer and security architect, he has held senior roles at several technology companies, including Microsoft, EMC, PI, VMware, and Zero-Knowledge Systems, and has provided advice to many more companies on cryptography and peer-to-peer finance. Dr. Adam Back holds a Ph.D. in distributed systems from the University of Exeter.
Michael SaylorFounder · StrategyMichael Saylor is the Executive Chairman of MicroStrategy (MSTR), a publicly traded business intelligence firm that he founded in . He is also the founder and inventor of Alarm.com (ALRM), with + patents to his name, and author of the book "The Mobile Wave". He founded and serves as trustee for the Saylor Academy (saylor.org), a non-profit organization that has provided free education to over one million students. He is an advocate for the Bitcoin Standard (hope.com). He holds dual degrees from MIT in Aerospace Engineering and History of Science.
David BaileyChairman of the Board of Directors · BTC IncDavid Bailey is a veteran crypto entrepreneur and investor, serving as CEO of Nakamoto, Chairman of the Board of Directors of BTC Inc, General Partner of UTXO Management, and previously CEO of Bitcoin Magazine.
1 related posts from @CG_BRC20
Bitcoin early contributor @adam3us wrote a detailed post arguing BIP-110 violates Bitcoin's decentralized and free-market principles, urging supporters to stay on mainnet rather than fork.
3 related posts from @zhao_lusi1, @watchernewsx, @Dongmoom55