Michael Saylor: Bitcoin Should Only Upgrade Its Network Upon Consensus on Quantum Computing Threat

BlockBeats News, December 19, Michael Saylor stated in an interview that "Bitcoin Core v0.30 is extremely conservative about protocol changes. We have always been, and must continue to be, extremely conservative when modifying the Bitcoin protocol. Any changes to the protocol should be very cautious. We must ensure global consensus. When all eight billion people globally reach a consensus and acknowledge that quantum computing poses a threat, I think that's when we should upgrade the network.

But if only half of the community thinks it's a good idea and the other half is against it, then I think we should slow down. These changes must be very, very careful. I have said many times: If you want to destroy the Bitcoin network, one of the most effective ways is to give a group of extremely talented developers unlimited funding and then tell them to 'improve it'.

In my view, the essence of Bitcoin is a monetary protocol, and its lack of rapid change and frequent iteration is actually its strength, not a flaw. So, I don't belong to the camp that is eager to constantly add new features to Bitcoin. I believe that the way to ruin a good thing is to assume that it will fail if it doesn't continually add features."