⚡️ Michael Saylor against "ambitious opportunists": What is the biggest threat to the Bitcoin network?
A heated debate has erupted in the crypto community around the BIP-110 initiative aimed at combating Bitcoin network spam.
Core content:
The Bitcoin Knots team proposed a soft fork to limit the amount of data in transactions. The goal is noble: to reduce the burden on nodes and allow BTC to return to its core mission — developing the financial system rather than storing arbitrary data.
Importance analysis:
Michael Saylor believes that those "ambitious opportunists" who wish to change the protocol are the main danger facing blockchain. Adam Back (Blockstream) also expressed opposition, reminding everyone that the best filters are transaction fees and Proof of Work. Spammers have already incurred higher costs, so why would they want to undermine the existing architecture? Critics sarcastically noted that someone has already bypassed BIP-110's own future rules and successfully embedded the full text of the proposal into the blockchain.
Currently, the proposal has only garnered support from 3% of validators, while approval requires 55%. It seems that consensus still leans towards maintaining the immutability of the protocol.
What do you think?
Is Bitcoin a "pure" financial network or an open platform where any data can be freely stored (like Ordinals)? 👇
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