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Great video from Hardfork Mechanic explaining the current OP_RETURN situation. The choice isn’t between bloating the UTXO set or increasing OP_RETURN, it’s whether we normalize spam or we reject it. Is #Bitcoin for data storage or financial transactions.

94,592 views • 1 year ago •via X (Twitter)

9 Comments

Hexy⚡'s profile picture
Hexy⚡1 year ago

#Bitcoin⚡is sound money, not a storage layer. Instead, changes happen when most of the community generally agrees that a change is safe, useful, and doesn't harm Bitcoin's core principles. While its uses have evolved, Bitcoin's strength lies in its simplicity, stability, and focus as sound money. Let’s respect the protocol and build responsibly around it.

Michael Anton Fischer's profile picture
Michael Anton Fischer2 years ago

New to Bitcoin? ‘Bitcoin Nation’ offers a comprehensive introduction to Bitcoin’s role in fixing economic and social systems. This book explains how Bitcoin can be a solution to issues like inflation and financial instability, making it more than just a currency.

BashCo's profile picture
BashCo1 year ago

@GrassFedBitcoin Honestly if Core developers had been proactive in addressing this spam vector early on rather than dismissing or tacitly endorsing it, we wouldn't be having this discussion today.

Hodl Adu ⛽🤘🃏's profile picture
Hodl Adu ⛽🤘🃏1 year ago

@GrassFedBitcoin OP_RETURN is an attack on bitcoin. Bitcoin is money, no need to be anything else.

Bitcoin Mike 80 IQ Pleb's profile picture
Bitcoin Mike 80 IQ Pleb1 year ago

@GrassFedBitcoin Amazing video!

John S's profile picture
John S1 year ago

@GrassFedBitcoin Exactly, this current discussion is pointless, it’s a small argument in a much larger discussion…core is essentially right to remove limit at a technical level considering the state of things, but the real discussion, and where we need consensus, is financial txs vs data

Samson Mow's profile picture
Samson Mow1 year ago

@GrassFedBitcoin They aren’t right to remove the limit.

satstacker | kolin's profile picture
satstacker | kolin1 year ago

@GrassFedBitcoin Bitcoin is for financial sovereignty. Nothing else. OP_RETURN abuse is an attack on the network. Keep the chain lean and focused on sound money.

Michael Ruiz's profile picture
Michael Ruiz1 year ago

@GrassFedBitcoin This was an excellent breakdown.

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