Adam Back just addressed Michael Saylor’s stance on BIP 110. His response: Saylor is an MIT engineer and rocket scientist who understands perfectly fine. BIP 110 is rejected. Period.
But here’s the part nobody is talking about: why is Michael Saylor, of all people, suddenly taking a position on BIP 110?
The Quote
“He’s an MIT engineer grad, literal rocket scientist, he can understand fine. Others have been misled into thinking 110 might address their concerns. It does not, and so Bitcoin’s immune system has already rejected it. It’s not happening. In one month it will fork off and fizzle.”
— Adam Back
Source: Adam Back on X
The Hypocrisy Nobody Is Talking About
Let’s get this straight. Michael Saylor — the same man who said “Bitcoin is money, everything else is credit” — is now taking a position on a protocol change that would fundamentally alter Bitcoin’s transaction policy?
Saylor, whose company just sold 3,588 BTC to pay dividends on “Digital Credit” securities?
Saylor, who has $9.9 billion in unrealized losses on MSTR stock?
Saylor, whose company changed its name from MicroStrategy to Strategy to signal a pivot away from Bitcoin maximalism toward yield-bearing credit products?
That Saylor has an opinion on what Bitcoin’s protocol should do?
Back’s Take Is Clear
Adam Back doesn’t entertain the debate. He states it as fact: BIP 110 is rejected. It’s not happening. It will fork off and fizzle within a month.
He acknowledges Saylor is smart enough to understand this. The implication is clear: Saylor knows BIP 110 is dead. So why is he engaging with it?
The Real Reason
Saylor needs a distraction. His company is bleeding. MSTR is down 74% YTD. The “never sell” narrative is shattered. Preferred note dividends need to be paid.
What better way to change the conversation than to pick a fight with Bitcoin’s protocol development?
When your own ship is sinking, it’s easier to point at a different leak and claim it’s the real problem.
The Bottom Line
Adam Back is right. BIP 110 is dead. It was rejected by Bitcoin’s immune system — the same technical consensus process that has kept Bitcoin secure for 16+ years.
Saylor knows this. He’s an MIT engineer and literal rocket scientist. He understands the technical arguments perfectly fine.
The question isn’t whether BIP 110 will pass. It won’t. The question is why Saylor is using it as a smoke screen while his own Bitcoin empire crumbles.
SAYLOR IS ANTI-BIP 110 — ADAM BACK SAYS HE KNOWS BETTER, THE REAL QUESTION IS WHY
