Michael Saylor says the biggest threat to Bitcoin comes from protocol changes, not external threats.
He warns that "ambitious opportunists" could harm Bitcoin's stability.
Supporters agree that Bitcoin's fixed rules protect its value in the long term.
Critics discuss updates like BIP-110 and Saylor's previous comments on ETFs.
Michael Saylor, Chairman of MicroStrategy, sees the biggest threat to Bitcoin coming from within the system itself. He warned that 'ambitious competitors' pushing for protocol changes could harm Bitcoin more than any external pressures.
Why does Saylor see change as a risk?
According to Saylor, $BTC operates correctly because it remains stable. Rules do not change easily, and because of this, people trust the network.
He points out that continuous updates can gradually erode trust, as even the smallest changes can make the system seem unfamiliar. Over time, all those small changes and uncertainties can harm the trust people place in Bitcoin.
Moreover, Saylor believes that some people seek change for personal reasons primarily. He says these motives do not always align with Bitcoin's long-term goals, so he warns the community to exercise caution.
Ongoing discussions in the Bitcoin community
Saylor's statements come at a crucial time for $BTC , amidst discussions of numerous new upgrades. For example, proposals like BIP-110 have sparked strong and divergent opinions.
Proponents of upgrades argue that Bitcoin must adapt. They believe that changes can improve efficiency and safety for everyone. However, critics disagree with this view and say that Bitcoin should remain simple and unchanged.
And given the lack of a central leader for Bitcoin, changes occur slowly. Many users see this as a feature, as it prevents hasty decision-making and maintains decentralization.
Diverse reactions from cryptocurrency users
Many supporters of $BTC praised Saylor's opinion on this matter. They agree that Bitcoin's fixed design is what makes it unique, and stability is more important to them than innovation. However, others have objected and accused Saylor of inconsistency, pointing to his previous statements about Bitcoin exchange-traded funds and earlier ideas related to lost currencies.
Despite all these discussions about the Bitcoin protocol, the debate has remained alive and has shown that there are always differing opinions. At the same time, it also reflected the strength of the supportive community behind Bitcoin.
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