Strategy Executive Chairman Michael Saylor has spoken out against proposed changes to Bitcoin’s core protocol. According to him, revising the network’s consensus rules could undermine Bitcoin’s economic model and create long-term risks for the entire ecosystem.
Saylor described the consensus rules as the foundation of Bitcoin, defining ownership, the fixed supply, and the way transactions are processed. Any revision of these rules affects the interests of everyone participating in the network, not just the supporters of specific proposals.
Among the controversial proposals, Saylor mentioned BIP-110, the introduction of covenants, and increasing the block size.
“These changes limit the fee market, raise the network’s operating requirements, and make the core protocol more complex, creating new potential attack vectors,” he wrote.
The block reward is reduced every 210,000 blocks, so over the long term, the network’s security increasingly depends on the fee market, Saylor noted. In his view, interfering with this mechanism weakens miners’ economic incentives to keep securing the network.
According to Saylor, changing the consensus rules would affect not only miners but also exchanges, custodial services, developers, investors, and BTC holders. If the core protocol begins to be revised to serve the interests of specific groups, it would set a precedent for further changes, and the network’s future development would be driven not by market consensus but by political battles over the rules.
“Bitcoin’s base layer should remain simple, neutral, scarce, and secure. New functionality should be developed outside the core protocol, and consensus rules should be changed only when there is a genuine need,” Saylor emphasized.
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