**[Michael Saylor: The Biggest Future Challenge for Bitcoin is Not External Competition, But the Erosion of Consensus Rules from Within]** BlockBeats News, July 29 – Strategy founder Michael Saylor stated that Bitcoin has already gained market recognition, but its biggest future challenge is not external competition, rather the internal erosion of its consensus rules. He believes that Bitcoin's consensus rules are akin to a "constitution," determining property rights, scarcity, settlement mechanisms, and the boundaries of authority. Any modification of these rules for the benefit of specific groups constitutes an infringement on the economic rights of all participants. He warned that Bitcoin has the potential to grow a hundredfold in the future and become the foundation of global capital markets, but a single erroneous rule change could harm markets, technologies, and economic freedoms that have yet to emerge. Saylor specifically pointed to proposals such as BIP-110, arguing that measures like restricting valid fee-paying transactions, introducing covenant mechanisms, or expanding block capacity fundamentally undermine the neutrality of the Bitcoin protocol. He stated that while these proposals differ in form, they all weaken block space scarcity, increase network bandwidth and validation costs, expand protocol complexity, and introduce new security risks. Additionally, weakening the fee market would impact miners' revenue sources as block rewards continue to halve, thereby undermining the long-term security of the Bitcoin network. Furthermore, once a particular interest group succeeds in modifying Bitcoin's rules through certain means, other interest groups may follow suit, leading to prolonged conflicts in protocol governance, capital outflows, slowed innovation, and deteriorating network security. Saylor called for maintaining Bitcoin's base layer as simple, neutral, scarce, and secure, leaving innovation to the second layer and application layer, and driving development through voluntary adoption rather than frequent modifications to the base protocol. He emphasized that protocol upgrades should be approached with extreme caution and only advanced when absolutely necessary to safeguard the foundation for Bitcoin's long-term development. [Original Link]