Blockstream CEO Warns Against Undermining Bitcoin P2P Node Decentralization
The co-founder and CEO of Blockstream, Adam Back, warns about the risks of undermining Bitcoin's BTC peer-to-peer (P2P) node network.
Key Points from Adam Back
- Decentralized P2P nodes are essential for individual sovereignty and security.
- Criticism of P2P nodes could lead to centralization, threatening Bitcoin’s core principles.
- Bitcoin has relied on a decentralized architecture to resist censorship and withstand attacks over the past 16 years.
- The ecosystem is supported by a diverse mix of nonprofits, volunteers, and global contributors.
- Technical decisions should prioritize security and stability over public opinions or politics.
Concerns Over Bitcoin Core Proposal
- A proposed change to OP_RETURN by Bitcoin Core developers raised concerns about slower transaction times and node overload.
- Charles Hoskinson of Cardano ADA mocked the proposal due to potential long-term blockchain bloat.
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