Bitcoin's culture relies on thorough arguments based on technology and economic incentives.
Arbitrary narratives based on fairy tales and optics has never lasted too long.
Let's get something straight:
- Demand for arbitrary data on the blockchain will NOT exceed demand for monetary transactions in the long run. Shitcoiners will definitely be outpriced. Why are you in bitcoin in the first place if you cannot believe that?
- Op_return filters create worse incentives economically (more non-standard, centralized transaction transmission, further mining centralization) and technologically (dumping garbage data in worse places than the trash cans, i.e. longer verification: slower IBD, more orphaned blocks)
Virtue signaling will not save you from reality.
The hard part is actually **getting rid of the emotional fluff and think hard on the best approach with nuance.**
The good part is that whoever is wrong will probably be obvious, since many will indeed run core v30, and we've gathered decent amount of data from the filtered days of course. Moreover, the op_return debate has no fatal impact on bitcoin. I can see some doomsday pessimism telling us otherwise, but this kind of alarmism is similar to a childish Malthusian prophecy to me.
I have seen some good technical and economical arguments on the Knots side as well, which I disagree with but soon the rubber will meet the road and in a few years we'll see.
