Strategy’s Michael Saylor calls Bitcoin code a constitution, warns against changes

Michael Saylor wants everyone to stop touching the code. The executive chairman of Strategy, the company formerly known as MicroStrategy and now the largest corporate Bitcoin holder on the planet, published a thread on X on July 28 declaring that Bitcoin’s consensus rules are effectively its constitution. And like any good constitutional originalist, he thinks amendments are a terrible idea. His target list has expanded well beyond BIP-110, the proposal that would restrict non-monetary data embedding on Bitcoin’s base layer. Now covenants, larger block sizes, and essentially any modification to the protocol’s foundation all fall under the same umbrella: what Saylor calls “constitutional offenses.” The 110-reasons guy is back with more reasons This latest salvo isn’t exactly a surprise. Earlier in July, Saylor published what he dubbed “110 reasons” against BIP-110 in a detailed thread on X, laying out his case that the proposal poses a greater danger than the problems it claims to solve. BIP-110 targets inscription protocols like Ordinals, BRC-20 tokens, and Runes, all of which embed non-monetary data directly onto Bitcoin’s blockchain. Saylor’s argument: invalidating legitimate tra...