- 💡 The abuse of witness data and spamming the Bitcoin blockchain with arbitrary data is degrading the network and compromising its ability to function efficiently.
- 💡 The priority of the Bitcoin community should be to maintain the ability to run nodes, as they are essential for the decentralization and security of the network.
- 💡 The size of the op return data needs to be limited to prevent the abuse of the Bitcoin network and maintain the integrity of nodes.
- 💡 The potential collapse of the Bitcoin network due to a lack of motivated node operators is a significant concern that needs to be addressed to ensure the longevity and resilience of Bitcoin.
- 💡 The ability to verify transactions directly on the Bitcoin network is a key characteristic that separates Bitcoin from other cryptocurrencies and should be prioritized by the community.
This recent talk is a great example of the decentralization problem. What is your take on it be?
https://www.youtube.com/watch?v=h-CA2wEFWPE
Some key insights from the video.
- 💡 The abuse of witness data and spamming the Bitcoin blockchain with arbitrary data is degrading the network and compromising its ability to function efficiently.
- 💡 The priority of the Bitcoin community should be to maintain the ability to run nodes, as they are essential for the decentralization and security of the network.
- 💡 The size of the op return data needs to be limited to prevent the abuse of the Bitcoin network and maintain the integrity of nodes.
- 💡 The potential collapse of the Bitcoin network due to a lack of motivated node operators is a significant concern that needs to be addressed to ensure the longevity and resilience of Bitcoin.
- 💡 The ability to verify transactions directly on the Bitcoin network is a key characteristic that separates Bitcoin from other cryptocurrencies and should be prioritized by the community.
yep I agree