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Market Prices

BTC Bitcoin
$65,535.3 +1.20%
ETH Ethereum
$1,923.12 +2.53%
SOL Solana
$78.12 +1.84%
BNB BNB Chain
$574.4 +0.98%
XRP XRP Ledger
$1.12 +2.24%
DOGE Dogecoin
$0.0726 +0.04%
ADA Cardano
$0.1721 +4.49%
AVAX Avalanche
$6.61 +0.67%
DOT Polkadot
$0.8334 +2.41%
LINK Chainlink
$8.64 +2.24%

Event Calendar

{{年份}}
18
03
unlock Sui Token Unlock

Team and early investor shares released

22
03
unlock Optimism Unlock

Circulating supply increases by about 2%

12
05
halving BCH Halving

Block reward halving event

30
04
upgrade Celestia Mainnet Upgrade

Improves data availability sampling efficiency

10
05
upgrade Ethereum Pectra Upgrade

Raises validator limit and account abstraction

28
03
unlock Arbitrum Token Unlock

92 million ARB released

15
04
halving Bitcoin Halving

Block reward reduced to 3.125 BTC

08
04
upgrade Solana Firedancer

Independent validator client goes live on mainnet

Tools

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Altseason Index

43

Bitcoin Season

BTC Dominance Altseason

Market Cap

All →
# Coin Price
1
Bitcoin BTC
$65,535.3
1
Ethereum ETH
$1,923.12
1
Solana SOL
$78.12
1
BNB Chain BNB
$574.4
1
XRP Ledger XRP
$1.12
1
Dogecoin DOGE
$0.0726
1
Cardano ADA
$0.1721
1
Avalanche AVAX
$6.61
1
Polkadot DOT
$0.8334
1
Chainlink LINK
$8.64

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The Neutrality Protocol: Why Michael Saylor's Opposition to BIP 110 Is a Defense of Bitcoin's Soul

Wallets | MaxMeta |
In an era where silence is often mistaken for absence, a single voice can either crystallize chaos or restore clarity. This week, Michael Saylor chose clarity. The MicroStrategy chairman publicly opposed BIP 110—a proposal to filter certain transactions on the Bitcoin network—by invoking a principle that many in crypto have forgotten: neutrality is not a bug; it is the feature. Saylor’s statement is not merely a political maneuver; it is a philosophical anchor in a sea of market euphoria that confuses technical modification with progress. BIP 110, if implemented, would allow miners to reject transactions that embed non-financial data, specifically targeting the Ordinals protocol that has turned Bitcoin’s blocks into a canvas for digital artifacts. The proposal frames itself as a response to block space congestion, a practical fix to preserve Bitcoin’s original vision as a peer-to-peer cash system. But the devil—and the divinity—lies in the details. The proposal does not define “non-financial” with precision. It opens the door for subjective judgment at the consensus layer, turning miners into gatekeepers of content. And here lies the critical context: Bitcoin’s security model depends on economic incentives, not moral filters. Every node verifies rules, not intent. Based on my years of auditing protocol governance debates, I have seen how quickly a technical “fix” becomes a political weapon. In 2017, the Blocksize War taught us that even well-intentioned changes can bifurcate communities. BIP 110 carries that same DNA. The fact that miners currently show 0% support is not a sign of disinterest; it is a signal of self-preservation. Miners understand that introducing content-based filtering violates the neutrality that makes Bitcoin a settlement layer for the world. Once you start discriminating between “good” and “bad” data, you validate censorship as a protocol feature. Code executes. Ethics sustain. And ethics are not democratic. Saylor’s opposition goes deeper than preserving miner revenue—though that is a factor. He recognizes that Bitcoin’s value proposition rests on its incorruptibility. When you allow the network to filter transactions based on a subjective standard, you introduce a political process into a system designed to be apolitical. The irony is palpable: Ordinals enthusiasts see Bitcoin as a base layer for digital property, while purists see them as spam. Both perspectives are valid, but neither should be enforced by protocol fiat. Silence speaks louder than pumps. The proposal’s failure to gain traction is not a victory for one faction; it is a collective refusal to sacrifice long-term trust for short-term order. But let us test the pragmatism that contrarians love. What happens when Ordinals actually cause sustained congestion, pushing fees above $50 for a simple transfer? Then BIP 110’s advocates will return, armed with user complaints and economic pain. At that point, Saylor’s neutrality will be labeled as stubborn idealism. Yet, I argue that the contrarian blind spot is this: congestion is a feature, not a flaw. High fees incentivize Layer 2 solutions like Lightning Network, driving real scalability without compromising L1 sovereignty. Filtering would cripple that pressure valve, centralizing the network’s reactivity. The hidden truth is that 0% miner support also reflects economic rationality. Ordinals transactions have contributed millions in fees. Miners are not altruistic; they are self-interested. But their self-interest currently aligns with neutrality. Noise fades. Value remains. This episode reinforces that Bitcoin’s governance is messy, resilient, and ultimately wise. The proposal is dead—for now. But the philosophical battle between neutrality and pragmatism will re-emerge with each market cycle. The real insight is not that Saylor won, but that the community collectively remembered why it exists: to create a permissionless, unbiased settlement layer. As I write this from my base in Sydney, watching the market’s fickle attention shift to the next shiny object, I feel a quiet assurance. The noise will fade, but the value of a neutral protocol will remain. So, where do we go from here? The next time you hear a proposal framed as “technical improvement,” listen for the silent assumptions about what Bitcoin should be. Ask yourself: does this enhance autonomy or curtail it? The answer will determine whether we build a future of empowerment or one of veiled control.

The Neutrality Protocol: Why Michael Saylor's Opposition to BIP 110 Is a Defense of Bitcoin's Soul

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Ethereum 28 Gwei
BNB Chain 3 Gwei
Polygon 42 Gwei
Arbitrum 0.5 Gwei
Optimism 0.3 Gwei

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