Michael Saylor Issues “Constitution” Warning for Bitcoin: Opposed to These Changes for 100x Growth
Michael Saylor has taken a firm stance against technical change proposals by defining the consensus rules on the Bitcoin (BTC) network as a “constitution.”
MicroStrategy founder Michael Saylor issued significant warnings regarding the network’s future, arguing that Bitcoin’s base layer must be protected. According to Saylor, the greatest threat to Bitcoin comes from internal groups seeking to rewrite consensus rules and seize economic rights rather than from external factors. The prominent figure likened the network’s core structure to a constitution, emphasizing that these rules define property, scarcity, and power balances.
Bitcoin Security and Technical Changes
Saylor specifically opposes technical proposals such as BIP-110, additional covenant mechanisms, and block size increases. He states that such changes could weaken transaction freedom and jeopardize network security by reducing block space scarcity. Furthermore, he argues that increasing validation costs and expanding the attack surface would damage Bitcoin’s core promises.
From an economic perspective, Saylor highlights the halving process that occurs every 210,000 blocks. He states that as block rewards decrease, miners will become more dependent on transaction fees to ensure network security. He warns that any intervention weakening the fee market could put Bitcoin’s long-term security at risk.
Bitcoin as the Foundation of Global Capital
Saylor predicts that Bitcoin has the potential for 100x growth from its current state and could become the foundation of global capital. He argues that a single faulty rule accepted today could strip future generations of their economic freedom and markets yet to be built. Therefore, he emphasizes that the base layer must remain simple, neutral, and scarce.
The famous businessman argues that innovation should occur at the edge layers rather than the protocol’s core. He calls for protocol changes to be made only when absolutely necessary and with an extremely conservative approach. According to Saylor, Bitcoin’s strength lies in its immutability and its robust structure that protects every participant’s economic rights.