Simply Bitcoin Is Wall Street Hijacking Bitcoin? | Simply Originals
Aug 18, 2025
Dive into the ideological clash within the Bitcoin community as advocates of Bitcoin Core and Bitcoin Knots battle over its future. Explore the critical balance between spam and valid transactions, examining the complex data storage methods in the protocol. Discover the erosion of Bitcoin's trustless nature due to centralized governance and external influences. The discussion intensifies as concerns arise over developer control and Wall Street's encroachment, highlighting the urgent need to preserve Bitcoin's decentralized integrity.
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Client Divergence Shapes Bitcoin's Future
- Bitcoin Core and Bitcoin Knots validate the same chain but differ in relay policies and what transactions they propagate.
- That divergence creates a civil-war style debate about Bitcoin's future as permissive platform versus strict monetary ledger.
Fees As The Neutral Arbiter
- The episode frames spam handling as a market vs paternalism dilemma between fees and developer-enforced rules.
- Allowing fees to decide transaction legitimacy preserves neutrality and enables unexpected future applications.
UTXO Bloat Attack Example
- Developers describe a new spam vector using fake pubkeys that inflates the UTXO set and breaks cheap node operation.
- Attackers purposely blew outputs from ~80M to ~200M, forcing hardware and sync costs up and harming decentralization.