Saylor and Back Reject Bitcoin BIP-110 Upgrade Amid Lack of Miner Support

Key Facts

In a move that underscores the commitment of key influencers to Bitcoin's core protocol, Michael Saylor and Adam Back have voiced their explicit opposition to the BIP-110 anti-spam soft fork. This rejection comes ahead of the early-August activation deadline, with critics arguing that the proposed changes could compromise the network's decentralization. According to reports, the upgrade is nearing its deadline with almost zero support from the mining community, rendering its implementation highly unlikely.

Historically, Bitcoin Improvement Proposals (BIPs) that lack broad consensus have faced significant hurdles, reminiscent of previous block-size debates. Adam Back, CEO of Blockstream, is a pivotal figure in protocol stability, while Saylor’s MicroStrategy remains the largest institutional holder of the asset. Per market data, technical disagreements of this nature typically result in maintaining the status quo without immediate market disruption, provided no forced activation occurs.

On the macroeconomic front, investors are eyeing the speech by the Fed's Waller on July 6, 2026, which could influence risk appetite across digital assets. As the August deadline approaches, the market's focus will remain on any unexpected shifts in consensus from major mining pools.