Jimmy Song Criticizes Bitcoin Core Developers for Fiat Mentality Concerning OP_RETURN

Cryptocurrency figure Jimmy Song has voiced strong criticism against Bitcoin Core developers, accusing them of adopting a fiat currency mindset in regard to the use of the OP_RETURN operator. Song believes that the restrictions placed on OP_RETURN reflect an unnecessary concern about blockchain size, which he considers a departure from the original vision of Bitcoin as a decentralized public ledger. Song argues that Bitcoin Core developers are excessively focused on keeping the blockchain small, which he likens to the mentality of central banks seeking to control the money supply. He believes this mindset undermines the full potential of Bitcoin as a platform for innovation and decentralized applications. Song’s statements have sparked a heated debate within the Bitcoin community, with some agreeing with his arguments, while others believe that the limitations on OP_RETURN are necessary to maintain the performance and stability of the Bitcoin network. This issue requires a careful consideration of the trade-offs between maintaining a small blockchain and encouraging innovation on the Bitcoin network.