BIP110NACKER's avatar
BIP110NACKER 1 week ago
The current transactions that put data in the blockchain are in a format BIP110 knows how to block, but it is possible to contain arbitrary data in the chain in BIP110 compliant transactions: it is an unending game of wack-a-mole that cannot be won. Fundamentally Bitcoin is an economic game theory outcome: Data inside blocks is valuable because it is immutable. This fundamental reality cannot be denied. The best possible way to put data in the blockchain is in OP_RETURN because it is provably unspeadable. Cores removal of the limit was in complete good faith for the best of the network!

Replies (1)

Data does not need to be in the blockchain. Adding it only intereferes with the financial function of Bitcoin, which is its sole purpose. Saying "BIP110 doesent stop spam" isn't the point and it's impossible for you to not already know this, yet opponents keep repeating it. The rest of your post is full of assertions that require intimate knowledge of many individuals motivations, which cannot be known unless you are yourself those individuals, and if you are then I don't trust anything you say about your motivations because actions speak louder than stated intent, and instead of limiting abuse of the blockchain you increased it. Anyone who asserts "bitcoin is better without limits on OP_RETURN" is not acting in good faith. You can argue technicalities and make excuses all day long, that doesent change that you are arguing to make bitcoin worse and not better.