Mr. Saylor Compares Bitcoin's Consensus Rules to a 'Constitution', Sounds Alarm on Protocol Changes

2026/07/30 15:06 (Updated 2026/07/30 18:01)

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Written by N.Koda

Mr. Saylor Compares Bitcoin's Consensus Rules to a 'Constitution', Sounds Alarm on Protocol Changes

Internal Corruption Poses the Greatest Risk

On the 28th, Michael Saylor, Chairman of Strategy, in a series of posts on X (formerly Twitter), equated Bitcoin's consensus rules to a 'constitution' and strongly criticized attempts to change these rules as 'attacks on economic rights'. These posts expand on the concerns he raised in his critique '110 Reasons Why BIP-110 Is a Bad Move', published on the 18th, developing them into a more comprehensive discussion on Bitcoin governance. Mr. Saylor stated, 'Bitcoin has achieved victory. However, now we must survive beyond that victory...'

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Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30