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Saylor and Back Oppose BIP-110 Ordinals Removal Proposal

Summarized from Cointelegraph

Bitcoin heavyweights Michael Saylor and Adam Back have publicly criticized a proposal to eliminate Ordinals via BIP-110 amid declining inscription activity.

Prominent Bitcoin advocates Michael Saylor and Adam Back publicly pushed back against BIP-110, a proposal that would effectively remove Ordinals inscriptions from the Bitcoin network, reigniting a long-running debate over how the blockchain should be used. The two high-profile figures represent a vocal segment of the Bitcoin community that opposes restricting the protocol's functionality through this type of governance change.

Ordinals, which allow data such as images and text to be inscribed directly onto individual satoshis, became a flashpoint in the Bitcoin community after surging in popularity in 2023. Critics of the technology argue it clutters the blockchain with non-financial data, while supporters contend it expands Bitcoin's utility and demonstrates the network's flexibility.

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The timing of the pushback is notable given that Ordinals transaction activity has broadly declined over the past two years, raising questions about whether a formal protocol-level ban is even necessary at this stage. Opponents of BIP-110 argue that market forces have already tempered inscription volume without requiring a controversial code change.

The dispute reflects deeper ideological fractures within the Bitcoin developer and investor community about what the network is fundamentally for — a narrow payments and store-of-value system, or a more expansive programmable base layer. Saylor and Back's intervention signals that any attempt to codify restrictions on Ordinals will face significant resistance from influential stakeholders.

Continue reading at Cointelegraph.

Frequently Asked Questions

Q.What is BIP-110 and what would it do to Bitcoin Ordinals?

BIP-110 is a Bitcoin Improvement Proposal that would remove the ability to create Ordinals inscriptions on the Bitcoin network, effectively banning the technology at the protocol level.

Q.Why are Michael Saylor and Adam Back opposing BIP-110?

Both Saylor and Back have publicly criticized the proposal, aligning with those who believe restricting Bitcoin's functionality through a protocol change is unnecessary and harmful to the network's development.

Q.Has Ordinals activity on Bitcoin been declining?

Yes, according to the source, Ordinals transaction activity has experienced a broad downturn over the past two years, which opponents of BIP-110 cite as a reason a formal ban is unwarranted.

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