Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger. Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:You can argue whether that's something desirable or not, but saying you can't define it is a stalling tactic meant to avoid the real argument about actual impact — particularly, the long-term impact of this change,” Song continued.Read more Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger. Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:You can argue whether that's something desirable or not, but saying you can't define it is a stalling tactic meant to avoid the real argument about actual impact — particularly, the long-term impact of this change,” Song continued.Read more

Jimmy Song slams Bitcoin Core devs for 'fiat' mentality on OP_Return

2025/09/22 06:03

Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger.

Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.

Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:

You can argue whether that's something desirable or not, but saying you can't define it is a stalling tactic meant to avoid the real argument about actual impact — particularly, the long-term impact of this change,” Song continued.

Read more

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

BlackRock's IBIT reached $70 billion in assets under management in just 341 days

BlackRock's IBIT reached $70 billion in assets under management in just 341 days

PANews reported on October 28 that according to Coinvo data, BlackRock's Bitcoin ETF "IBIT" reached US$70 billion in assets under management (AUM) in just 341 days.
Share
2025/10/28 09:48
FOMC Meeting to Influence Crypto Markets Amid Interest Rate Speculations

FOMC Meeting to Influence Crypto Markets Amid Interest Rate Speculations

The post FOMC Meeting to Influence Crypto Markets Amid Interest Rate Speculations appeared on BitcoinEthereumNews.com. Ted Hisokawa Oct 27, 2025 21:53 The upcoming FOMC meeting on October 28-29, 2025, is expected to impact crypto markets as investors anticipate potential interest rate cuts. The Federal Open Market Committee (FOMC) is set to convene on October 28-29, 2025, to deliberate on interest rate adjustments, a decision that could have significant ramifications for the cryptocurrency market. This meeting comes at a time when investors are closely monitoring the Federal Reserve’s actions, particularly in light of recent economic developments. Anticipations Surrounding Interest Rate Decisions According to CoinMarketCap, market analysts widely expect the Federal Reserve to continue its trajectory of cutting interest rates. The anticipation of rate cuts is fueled by ongoing efforts to stimulate economic growth amid global financial uncertainties. Such a move by the Fed could potentially provide a boost to Bitcoin (BTC) and other cryptocurrencies, as lower interest rates often lead to increased investment in alternative assets. The decision, scheduled to be announced at 2:00 PM ET on October 29, will be followed by a press release from Chair Jerome Powell. The outcomes of this meeting are expected to ripple through various sectors, not just traditional markets, but also within the volatile crypto sphere. Crypto Market Implications Historically, changes in the Federal Reserve’s interest rate policies have had notable impacts on the cryptocurrency market. Lower interest rates can lead to a depreciation of the US dollar, which may drive investors to seek refuge in cryptocurrencies, often seen as a hedge against inflation and currency devaluation. Moreover, the anticipation of lower rates has already begun to stir optimism among crypto investors, who view potential rate cuts as a catalyst for further market growth. As traditional financial markets react to the Fed’s decisions, cryptocurrency markets may experience increased volatility and trading…
Share
2025/10/28 10:29