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‘Fiat arguments about op_return have to go’ – Jimmy Song


Jimmy Song, a Bitcoin (Btc) Developer and advocate, slapped the decision of Bitcoin Core developers to remove the OP_RETURN limit for non-financially embedded data on the Bitcoin Blockchain in the upgrade of Bitcoin Core 30, called it “Fiat” mentality.

The song accused the major developers of user concerns about Removal of OP_RETURN LIMITATIONthat is currently 80 bytes in size, and ignores the Significant Pushback from the Bitcoin community and node runner. He too Says:

“The idea that spam is difficult to define, and because of this ambiguity, we should not make any variety in software, is a dispute of time from Fiat politics where you pretend to not know the obvious, so the actual debate cannot be dropped on the basis-the non-financial use of bitcoin is spam.

You can argue whether that is something desirable or not, but it is said that you cannot specify that this is a surprising tactic intended to avoid real arguments about the actual effect-especially, the long-term impact of this change, “Song continued.

Bitcoin core, decentralization, bitcoin block size, node, bitcoin cash, bitcoin's ordinances
The pulling request for removal of OP_RETURN’s limit is extremely unpopular in the Bitcoin community, but has been pushed for whatever. Source: Girub

OP_RETURN debate occurred in nearly six months, and reminiscent of the Bitcoin block size wars That happened between 2015 and 2017, which eventually resulted in a hard fork of bitcoin protocol that spilled bitcoin cash (Bch), Leading some of the Bitcoin community to consider whether OP_RETURN WARS will result in a similar split.

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Node runner voted with their feet in historical discharge in bitcoin knots

Bitcoin Core Devs decision unilaterally blow open OP_RETURN’s data limit left the Bitcoin’s community is divided And driven the record numbers of the Bitcoin node runners in the Bitcoin knots, an alternative implementation of bitcoin node software.

This Surge on nodes that run bitcoin knots.

Bitcoin core, decentralization, bitcoin block size, node, bitcoin cash, bitcoin's ordinances
A breakdown of various node software implementation on the Bitcoin network. Source: Dance of the coin

The knots allow runners node to implement strict data size limits, which proponents focus is required to maintain the decentralization of the bitcoin protocol.

Bitcoin’s ledger has developed about 680 data gigabytes since the decentralized protocol began in 2009, thanks to the simple bitcoin architecture and strict data limits.

Low Bitcoin data storage requirements give anyone to run a node in the retail of computer hardware for less than $ 300, democratizing access and ensuring maximum decentralization.

For comparison, higher throughput blockchain networks and wise contract platforms, which generate more data, can cost thousands of dollars to run and require specialized commercial hardware, which means wealthy investors and large corporations can run nodes and implement protocol-agreed policies.

Stable hardware requirements are translated with increasing centralization of a blockchain protocol and a higher risk that some nodes can collude to change consensus policies or reverse transactions.

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