HomeNewsSaylor: 'ambitious opportunists' threaten Bitcoin; devs, quantum risk ignite heated debate

Saylor: ‘ambitious opportunists’ threaten Bitcoin; devs, quantum risk ignite heated debate

-

Michael Saylor said this week that the biggest threat to the Bitcoin network comes from “ambitious opportunists” trying to force protocol changes, and his post sparked online debate about the protocol’s future. The comments prompted responses from developers, investors, and node operators over spam, protocol ossification, and quantum risk.

Justin Bechler interpreted the remark as aimed at developers adding non-monetary uses like NFTs and onchain images. Fred Krueger countered that the greatest risk to Bitcoin is quantum computing.

Mert Mumtaz, CEO of Helius, strongly disagreed and wrote “Absolute cancer of a mindset. ‘Ambitious people wanting to evolve this technology are our biggest risk.’ Nothing is infallible. certainly not Bitcoin, which has had tons of bugs until now, like all other software — perhaps let’s let those bugs stay instead of patching them.” Critics also pointed to the recent spam wars and to efforts like BIP-110 to filter non-monetary data, cited by Mark of Bitcoin.

The larger community debate includes calls for post-quantum upgrades by Nic Carter. Adam Back replied that critics are making noise and researchers are quietly preparing, calling some claims “uninformed”. Market analyst James Check said quantum fears have not driven recent price moves.

A related video discussion is available here.

LATEST POSTS

Analyst Predicts XRP Could Rally 900% to $15 Amid Bullish Momentum

Technical analysis by analyst Javon Marks suggests XRP could rally over 900% to surpass $15, following a late-2024 breakout pattern. The token's 4-hour chart shows...

ETHZilla Rebrands as Forum Markets, Shifts From Ethereum to Tokenized Assets

Former Ethereum treasury company ETHZilla will rebrand as Forum Markets and begin trading under the ticker FRMM on Nasdaq in early March. This formalizes a...

Morpho Surges Past $1.75 as Volume Spikes 33%, Eyes $1.80 Resistance

Morpho's MORPHO token has surged 11% to over $1.75 as daily trading volume rose 33%, pushing its market capitalization near $665 million. The rally is...

Bitcoin Faces Pressure as Long-Term Holders Signal Possible Sell-Off

Bitcoin remains well above a key historical price floor held by its most steadfast investors. Despite recent selling pressure, data suggests long-term holders are moving...

Most Popular

spot_img