Michael Saylor and Adam Back Oppose BIP 110, Emphasizing the Spirit of Bitcoin's Decentralization

Blockstream co-founder Adam Back published a statement addressing the Bitcoin community's controversy over BIP 110. He expressed understanding for the concerns of those who support BIP 110 but believes that the proposal essentially represents an attempt to "monitor others," which would erode Bitcoin's decentralization, security, and neutrality, fundamentally conflicting with the spirit of Bitcoin. Michael Saylor retweeted, stating that BIP 110 transforms the spam controversy into a consensus change, potentially invalidating some valid transactions that have already paid fees. This precedent is the real danger, and attention should be focused on the truly significant threats. Previously, David Bailey, chairman of the Bitcoin treasury company Nakamoto, stated that the failure of BIP 110 constitutes an "extreme benefit" for Bitcoin, further validating the network's resilience against attacks and splits.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.