Cointime

Download App
iOS & Android

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

Jimmy Song, a Bitcoin 

BTC$114,510developer 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:

“The idea that spam is difficult to define, and because of this ambiguity, we shouldn't be making any distinctions at all in the software, is a time-wasting argument from fiat politics where you pretend not to know the obvious, so the actual debate can never get off the ground — the non-monetary uses of Bitcoin are spam.

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.

The pull request for removing the OP_Return limit was highly unpopular with the Bitcoin community, but was pushed through regardless. Source: GitHub

The OP_Return debate has raged on for nearly six months, and is reminiscent of the Bitcoin block size wars that took place between 2015 and 2017, which eventually resulted in a hard fork of the Bitcoin protocol that spawned Bitcoin Cash 

BCH$587.60, leading some in the Bitcoin community to speculate if the OP_Return wars will result in a similar split.

Node runners vote with their feet in historic exodus to Bitcoin Knots

The decision by Bitcoin Core devs to unilaterally blow open the OP_Return data limit has left the Bitcoin community divided and driven record numbers of Bitcoin node runners to Bitcoin Knots, an alternative implementation of the Bitcoin node software.

This surge in nodes running Bitcoin Knots, which now account for about 20% of the network, compared to about 1% in 2024, represents a near-vertical leap in just nine months.

A breakdown of the different node software implementations on the Bitcoin network. Source: Coin Dance

Knots allows node runners to enforce strict data size limits, which proponents argue is necessary to preserve the decentralization of the Bitcoin protocol.

The Bitcoin ledger has generated about 680 gigabytes of data since the inception of the decentralized protocol in 2009, thanks to the simple architecture of Bitcoin and strict data limits.

Bitcoin’s low data storage requirements allow anyone to run a node on retail computer hardware for as little as $300, democratizing access and ensuring maximum decentralization.

For comparison, higher-throughput blockchain networks and smart contract platforms, which generate far more data, can cost tens of thousands of dollars to run and require specialized commercial hardware, meaning only wealthy investors and large corporations can run nodes and enforce the consensus rules of those protocols.

Robust hardware requirements translate into increased centralization of a blockchain protocol and a heightened risk that a few nodes can collude to alter the consensus rules or reverse transactions.

Comments

All Comments

Recommended for you

  • BTC breaks through $69,000

     market shows BTC breaking through $69,000, currently at $69,039, with a 24-hour increase of 3.96%. The market is highly volatile, please manage your risk accordingly.

  • The "BTC OG Insider Whale" deposited another 69.08 million USDT into a Binance deposit address associated with Yi Lihua.

    according to on-chain analyst Ai Yi (@ai_9684xtpa), the "BTC OG insider whale" has deposited 69.08 million USDT into a Binance deposit address associated with Yili Hua. In the past 11 hours, a total of 10,000 ETH and 69.08 million USDT have been transferred in, with a total value of 89.47 million USD.

  • BTC falls below $69,000

    the market shows BTC falling below $69,000, currently at $68,957.16, with a 24-hour increase of 5.84%. The market is highly volatile, please manage your risk accordingly.

  • ETH breaks $2,000

    the market shows ETH breaking through $2000, currently at $2000.7, with a 24-hour decline of 3.93%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks through $68,000

    the market shows BTC breaking through $68,000, currently at $68,000.01, with a 24-hour decline of 3.33%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks through $67,000

    the market shows BTC breaking through $67,000, currently at $67,006.7, with a 24-hour decline of 3.83%. The market is highly volatile, please manage risk accordingly.

  • COINMY Named Title Sponsor of “The Silent Rise” Summit in Hong Kong on February 9

    According to CoinTime, COINMY has been confirmed as the title sponsor of “The Silent Rise” summit, taking place in Hong Kong on February 9. COINMY (CMY) is a globally compliant digital asset exchange focused on bridging traditional payment systems with the crypto ecosystem, with an emphasis on transparency, security, and efficient global trading infrastructure. “The Silent Rise” is a themed summit co-hosted by RWAX, METASTONE, ChainTimes, and other ecosystem partners, with sponsorship support from CoinMy, Nexus Chain, and several more Web3 projects. The event will be held from 14:00 to 22:00 on February 9 at the 28th floor of Crowne Plaza Hong Kong Causeway Bay, and is positioned as one of the most anticipated side events during Consensus Hong Kong 2026. The summit will feature multiple roundtable discussions covering key themes such as AI, Real-World Assets (RWA), and next-generation financial systems. The summit brings more than 20 prominent speakers to explore emerging trends, system design, and the evolving architecture of Web3.

  • Cardano founder: Over $3 billion lost in the crypto space

    On February 6, Cardano founder Charles Hoskinson revealed in a live broadcast that despite losing more than 3 billion US dollars in the crypto field, he still chooses to stay in the industry rather than quit. In response to external comments that he can afford the losses because he is wealthy, he said: "If you think I am in this business for the money, you are completely wrong — even if I lose everything, I will not stop."

  • Tether makes a $100 million strategic equity investment in Anchorage Digital

    Tether announced a $100 million strategic equity investment in Anchorage Digital. Anchorage Digital Bank N.A. is the first federally regulated digital asset bank in the United States, providing staking, custody, governance, settlement, and stablecoin issuance services to global institutions and innovators to promote the shared goal of advancing the next phase of digital asset applications.

  • ETH falls below $2100

    the market shows ETH fell below $2100, currently at $2099.68, with a 24-hour decline of 7.97%. The market is highly volatile, please manage your risk accordingly.