BlockBeats News, July 29th, Founder of Strategy Michael Saylor stated that Bitcoin has gained market recognition, but the future's biggest challenge is not external competition, but erosion from within of the consensus rules. He believes that Bitcoin's consensus rules are like a "constitution," determining property rights, scarcity, settlement mechanisms, and power boundaries. Any behavior that modifies the rules for the benefit of a specific group is a violation of the economic interests of all participants. He warned that Bitcoin is expected to grow a hundredfold in the future and become the infrastructure of the global capital market. However, a single mistaken rule change could damage markets, technologies, and economic freedoms that have yet to emerge.

Saylor specifically mentioned certain proposals, including BIP-110, arguing that by restricting valid payment transactions, introducing smart contracts, or expanding block capacity, they fundamentally undermine the neutrality of the Bitcoin protocol. He stated that while these proposals may take different forms, they all weaken block space scarcity, increase network bandwidth and validation costs, expand protocol complexity, and introduce new security risks. Simultaneously, weakening the fee market will affect miners' income sources after block rewards continue to halve, thereby undermining the long-term security of the Bitcoin network.

Furthermore, once a particular interest group can modify Bitcoin rules through certain means, other interest groups will follow suit, leading to prolonged conflicts in protocol governance, capital flight, slowed innovation, and deteriorating network security. Saylor called for maintaining the Bitcoin base layer as simple, neutral, scarce, and secure, leaving innovation to the second and application layers. He advocated for development through voluntary adoption rather than frequent protocol changes. He emphasized that protocol upgrades should be extremely cautious, only progressing when absolutely necessary to uphold the foundation of Bitcoin's long-term development.