Bitcoin’s biggest risk comes from within, Saylor warns

Michael Saylor has warned that changes to Bitcoin’s consensus rules pose a greater long-term threat than rival cryptocurrencies, governments, or external competition. Summary Saylor called internal rule changes Bitcoin’s “gravest threat” after the asset gained broad market recognition. He argued that consensus rules protect property rights, scarcity, settlement, and limits on power. Saylor said proposals such as BIP-110 could weaken block-space scarcity and miners’ fee revenue. Strategy recently joined eight companies pledging $15 million toward Bitcoin security research. Saylor warns against capturing Bitcoin consensus Strategy Executive Chairman Michael Saylor issued the warning in a series of X posts on Tuesday, describing Bitcoin’s consensus rules as its constitution. Those rules determine how ownership is recognized, how scarcity is maintained, how transactions settle, and what network participants can change. Bitcoin has won. Now it must survive victory.Its gravest threat is not an enemy at the gates, but corruption from within: factions that invent pretexts, rewrite the rules, and seize economic rights until freedom becomes permission and law becomes loot.— Michael Saylor (@...