Did Michael Saylor Rebut a Controversial Bitcoin Proposal? It’s Complicated

Michael Saylor, co-founder of Strategy, stirred debate in the Bitcoin community with his recent social media repost regarding a controversial change in Bitcoin's codebase. This change involves increasing the data storage capacity of the OP_RETURN opcode, as outlined in the upcoming Bitcoin Core v30 release. While proponents argue it allows for more complex applications, critics warn it may congest the network or facilitate illegal activities. Though Saylor shared a video discussing the implications of protocol changes, his intentions regarding the pro-Knots movement—software that diverges from Bitcoin Core—remain ambiguous. Some industry observers speculate that he may not have intended to endorse this option, pointing out the clip contained a brief call to action for the Knots software. As the community grapples with these updates, Saylor has previously recognized the importance of ongoing discussions surrounding Bitcoin's development, emphasizing the need for miner viability and broader adoption. The situation highlights deep divisions within the Bitcoin community, mirroring past controversies such as the rise of Ordinals and NFT-like assets on the Bitcoin network.

Source 🔗