Arbitrary data (aka “spam”) is the red herring The goal of Knots is to create a precedent for transaction censorship & UTXO confiscation Why? Because institutional investors, some of which back Ocean pool, consider Satoshi’s coins an existential risk and want to freeze his BTC to effectively prevent him from ever selling. Some of the quantum resistance debates aim for the same goal. But they have lesser credibility due to the unconvincing evidence that quantum computers will be able to crack elliptic curve digital signatures anytime soon. Follow the money.