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Matt Corallo 🟠
Matt Corallo 🟠|Oct 08, 2025 13:11
If you only learn one thing about the OP_RETURN drama, make it this. From a network perspective, the most important risk to Bitcoin’s longevity is mining centralization, by far. Just when we’re on the cusp of making transaction selection decentralized with Braidpool, P2PoolV2, Sv2, and DATUM, along comes a desire for strange, policy-violating transactions (mostly 4MB inscriptions). If a miner simply taking a full node off the shelf cannot build a competitive block template with no effort, these efforts will simply fail. (Where “competitive” means within something like 0.5%, remember we’re comparing to profit margin, not revenue.) I’m not any more a fan of embedded data in the chain than anyone else, but OP_RETURN policy changes aren’t gonna impact that. Much more critically, without some success on mining decentralization efforts over the coming years, I’m really not sure what Bitcoin is for - if three companies, together, control what gets into the chain what’s the point?(Matt Corallo 🟠)
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