The majority of institutional Bitcoin investors don’t seem to know or care about the Bitcoin core vs
The debate centers on arguments about what bitcoin (BTC) should be used for and if non-financial transactions should be excluded, and sparked by recent Bitcoin Core V30 updatewhich some argue opens the “floodgate” to spam.
Supporters of knot nodes Said this type of “spam” should be filtered, as it would open the door for bad actors to embed illegal and immoral content into the blockchain.
However, Bitcoin Core believes that any restrictions can fragment the network, confuse users and contradict one of the basic principles of the technology.
More than half don’t know, or care
In an X post on Monday, Thorn said came In conclusion after conducting a poll with 25 institutional investors in Bitcoin that Galaxy works with and found that 46% said they were not aware of the debate, 36% said they were not aware or ambivalent.
With the remaining 18%, all respondents signed a preference for the Bitcoin Core argument.
“Real capital, real investors, service providers, even government officials don’t have a problem or aren’t aware that there’s a debate even though at best it’s a hypothetical problem, and their proposed solution does nothing to solve the (fake) problem they claim is real,” Thorn said.
“Even if all their legal theories are adopted Mumbo Jumbo and the fears about them are all made comfortable in recent years in the first debates about the legality of permissionless decentralized systems.”
The Bitcoin poll was small, but representative, Thorn said
Only polling is involved 25 Institutional Bitcoin Investorsso when a user questions the validity of the poll’s sample size, thorn respond That was a “fair question,” but assured the user that his poll reflected what he saw.
“I won’t reveal their identities but I will say yes, and the results from the poll line up exactly with my conversations with other whales, investors, leaders in miners and service providers, and government officials over the past few months,” he said.
Thorn added that while he “doesn’t poll miners but I know most of the big ones intimately and neither care nor follow at all.”
Three outcomes on the horizon
Last month, a bitcoin improvement proposal for a The soft fork made x angry In a section that appears to threaten legal consequences for those who refuse the fork.
Related: ‘Attack on Bitcoin’ – Bitcoiners Slam ‘Legal Threat’ on Soft Fork Proposal
However, Thorn thinks the argument will end in one of three ways, one of which could seriously damage Bitcoin adoption.
The first way, according to Thorn, is that “nobody cares and they fade into obscurity.
“The second likely outcome is that they fear the problem of existence by scaring everyone away from Bitcoin, and their fork ideas still fail.”
“A third and extremely remote possibility is that their proposed changes will be adopted … but even in this unlikely scenario, their solutions will be undeniable. And because their solutions will be undeniable and they will frighten the world into fear of permissionless systems, the adoption of bitcoin will not be doomed.”
Magazine: Mysterious Mr Nakamoto Author: Finding Satoshi will hurt Bitcoin
