Saylor opposes BIP-110, says Bitcoin must preserve neutrality

Strategy founder Michael Saylor has published a 110-point post opposing Bitcoin Improvement Proposal 110, or BIP-110, which seeks to restrict the recording of images, text and other data in transactions, The Block reported. He argued, "Valid fee-paying transactions should not be judged by consensus rules based on their purpose. Bitcoin needs guardians of neutrality, not guardians of purity." BIP-110 includes measures to limit large-data transactions, and the miner signaling process on whether to activate the proposal is set to begin in August. Current miner support stands at about 0.86%.