The co-founder of Blockstream, Adam Back, and the founder of Strategy, Michael Saylor, publicly opposed the Bitcoin proposal BIP 110 as a possible risk of review and forklift.
BIP 110 proposes to temporarily restrict the use of large data fields while retaining the output created before the network is activated. The current support rate for miners is close to zero, well below the 55 per cent activation threshold required for the proposal.
Back warned that the enforcement of rules by supporters without broad consensus could lead to the creation of a chain of independence. Saylor also made a similar point in a public statement, stating that BIP 110 converted the “spam dispute” into a consensus change, which would reject some of the transactions currently accepted by Bitcoin and that the precedent was “extremely dangerous”.
The official BIP 110 specification, referred to as “reduced data temporary soft fork,” will impose additional consensus rules for approximately one year, limiting large data fields and certain functions. The proposal suggests that these limitations will reduce the need for data storage in bitcoin and maintain a network focused on monetary functions. Proponents believe that such a measure would reduce storage pressure on nodal operators, while critics argue that paying users should decide how to use block space.
The Bitcoin developer Luke Dashjr continued to support BIP 110, considering the proposal to be necessary, although the current support rate for miners is well below the activation threshold. Market participants faced a window in August for decision-making and needed to decide on supporting software and rules.