EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Michael Siler warns against changing Bitcoin's core rules

2026-07-22 00:10:45
Bookmark

Michael Siler's philosophical stance: Bitcoin rules cannot be crossed

On Tuesday, Michael Siler drew a clear philosophical line, warning the Bitcoin community not to change network rules out of the impulse to prevent others from using Bitcoin in ways they don't like, and clearly pointed out a proposal that he believed had crossed the line.

In a post on the X platform, Thaler singled out BIP 110-a proposed change to the Bitcoin protocol-as a typical example of what he saw as running counter to the basic principles of Bitcoin.

"Nationalism" is incompatible with the spirit of community

Selle's opposition is not technical, but ideological. "The idea of impulsively changing Bitcoin rules just to prevent others from using Bitcoin in a way you disagree with is 'nationalistic' and incompatible with a community rooted in freedom, property rights, free markets, natural law and Austrian economics." He wrote in his post.

The word "nationalism" is well thought out. Bitcoin was founded on the basis that there is no central authority-whether government, agency, or developer consensus-that can mandate how individuals spend their own funds.

Thaler's point is that the logic applied by BIP110 is the very logic Bitcoin is trying to get rid of, only this time from within the community rather than outside.

The language Selle used to describe the BIP 110 strategy-"monetary purity through mandatory orders"-defines the proposal itself as a contradiction. In his view, modifying the protocol to enforce how Bitcoin is used is the same as the currency control mechanism Bitcoin is designed to replace. The tools have changed, but the logic has not changed.

Background from Strategy's own position

Seler's opposition is not only philosophical, but also practical. Strategy has invested billions of dollars to build a bitcoin-based financial reserve model that relies on the openness, neutrality and predictability of the network. Any change to the agreement that imposes new restrictions on how Bitcoin is used or held would shake the underlying assumptions on which the company's entire capital structure is built.

His post made it clear that for Siler, defending Bitcoin rules is not just an ideological stance, but also a business stance.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP