Michael Saylor Says Bitcoin’s Greatest Threat Comes From Within
- Michael Saylor says Bitcoin’s biggest threat now comes from internal governance.
- Saylor warns changing Bitcoin’s rules could weaken its long-term security.
- BIP-110 nears signaling, but 2.64% support trails the 55% threshold.
Strategy Executive Chairman Michael Saylor argued that Bitcoin’s biggest risk is no longer governments, regulators or competing cryptocurrencies. Instead, he said the greatest danger comes from changes to Bitcoin’s own consensus rules as developers debate future protocol upgrades.
Saylor’s comments come as the debate around Bitcoin Improvement Proposal (BIP)-110 approaches a key milestone, with its mandatory signaling window expected to begin around August 9.
Saylor Says Bitcoin Must Protect Its Rules
Saylor said Bitcoin has won and now it must survive victory. He described Bitcoin’s consensus rules as the network’s constitution, saying…
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