Michael Saylor: Bitcoin Code Is a Constitution, Changes Are Attacks on 'Economic Rights'

Strategy chairman Michael Saylor asserts that Bitcoin code functions as a constitution, viewing any base-layer modifications as attacks on economic rights. He classifies covenants, larger blocks, and BIP-110 as constitutional offenses. This stance highlights the ongoing tension between Bitcoin's immutability and innovation, which significantly impacts future governance and investor confidence. Saylor maintains that any changes to the core protocol constitute a violation of the fundamental principles governing the network's stability and security.