One of the oldest and most recognized bitcoiner numbers, Adam Back surprised some of the developer community with one of his latest comments on social networks. The London-born cryptographer criticized the recurrence of spam on the Bitcoin chain. This was interpreted by advocates of Bitcoin Knot (an alternative client for Bitcoin Core) as a defence of OP_Return’s narrow limit. According to Buck, his previous position was not in favor of “spam” (like the JPG of a transaction), but he admitted that it could have been lost in the trees by ignoring the forests.
Previously, Adam Back said that the Bitcoin Core version of Bitcoin (announced in October) will be running. At the time, this version increased the Op_return limit by 100,000 bytes, and the function allows you to register any data in the Bitcoin block.
The Hashcash Creator message began strictly, emphasizing the importance of Bitcoin Core, the main client of Bitcoin Node. In the fight against spam.
Only then did he go into specific details about the protocol, not before he declared, “Bitcoin is about money, and spam has no time chain location.”
Bitcoin is owned by humanity, and the protocol developer is the administrator, and user consensus is required to make a major change to it. Bitcoin has no place in the time chain, while spam has no place in the time chain. In this case, the default value that the Central Bitcoin Project places on the reference client is important.
Adambak, Bitcoin, precursor.
He also recalled the importance of understanding that “economic nodes” (users) and their interests are those that implement changes to protocol rules and policies through the market. The main regulatory bodies of Bitcoin from a price and adoption perspective. “The miners are service suppliers only,” said Buck, who used history to explain his perspective.
He said it was the users and the market that resolved the disputes during block sizes, not developers or miners. Therefore, Buck believes that it is important for specific decisions on the face side (core vs knots) and that Bitcoin’s evolution and his protocol lurks in the new powers of the market.
The cryptographer cited Bitmex data, which showed that in just four months, the Bitcoin chain’s JPEG files increased by 20%. These files are primarily registered through Taproot, according to Back, making it clear that maintaining spam discussions alone with the OP_Return field is narrow.
This increase in non-financial activity in Bitcoin is economic activity; But the useless type, For the back. This is because JPG Spam “puts a price on new users who cannot own UTXO and replaces economic activity that is part of the Bitcoin value proposition.” In other words, the inscription does not take up free space within a block of Bitcoin, but sometimes replaces financial activities that are essential to its operation.
Yes, Spam JPEG is an economic activity, but it is extremely subversive. You can store JPEGs elsewhere, such as Imgur, IPF, etc., which are optimized for that.
Adambak, Bitcoin, precursor.
Imgur is a website that houses online images created in 2019. This is similar to Pinterest, another service of this type known worldwide.
In short, Adambak will strengthen his position against spam in Bitcoin and suggest ways to combat it.
Don’t need a big push to add friction and make miners less (spam). Some explanations, some approaches to miners who change JPEG to non-mining groups, and perhaps through payment of fees to users, robbing transaction rate spam processing groups. Until now, it seems difficult to do it without creating your own centralization risk, but “wallet sketches” that send the minimum network rate in one direction in the N direction and the remaining dynamic rates of a multifilmer group that JPEG rejects.
Adambak, Bitcoin, precursor.
Buck’s Statement They were filmed with delight by Bitcoin Knot defenders. Jocana Samson Mow commented that he was pleased that Adam Back had rejected the intern who “managed” his account. Mow refers to rumors that it will be circulated on social networks (half comics, half serious) because True Adam Back didn’t manage X’s personal accounts.
Dennis Porter, known for his legal defense of Bitcoin in the US, commented: Money for people, for people », regarding Bitcoin. Also, multiple users commented:Adam Buck is back«This critical opinion implies that it is more consistent with what they consider to be their true spirit.