Bitcoin OP_RETURN Debate Explained
Manage episode 481912678 series 3609787
What started as a technical proposal has exploded into community division, with accusations of "destroying Bitcoin" flying around. The hosts break down what OP_RETURN is, why some devs want to increase its size limit, and why others view it as enabling "spam" on the blockchain. At its core, this fight reveals deeper tensions about who controls Bitcoin's future and what the network should be used for.
Notes:
- OP_RETURN limit currently set at 83 bytes
- Proposal would increase limit to ~1 megabyte
- 30-45% of Bitcoin transactions are "non-financial"
- Bitcoin Knots node usage has grown to 7-8%
- Out-of-band transactions bypass node relay
- Core devs facing diminished community trust
Timestamps:
00:00:00:00 Start
00:00:36:16 Why's everyone so mad?
00:02:04:14 Claim your bias
00:04:00:03 The backstory
00:08:27:09 Changing the OP_RETRUN limit
00:11:24:06 Post to relax the limit
00:15:39:23 Out of Band payment
00:17:39:06 Standard vs valid consensus
00:19:52:29 What is spam?
00:28:41:05 Arch Network
00:29:13:14 Cons of increasing the limit
00:32:34:25 That's too "woke" bro!
00:35:56:27 Knots
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