Adam Back argues that many supporters of BIP 110 are acting in good faith but misunderstand how Bitcoin's decentralized design works. Rather than criticizing them, he encouraging empathy and education.
Here's what I got:
- Bitcoin's purpose is to enable censorship-resistant, permissionless, bearer money that supports a free-market, cypherpunk future.
- Spam is a real concern, and Adam emphasizes that he have opposed spam for decades (including creating Hashcash), so the debate is not about supporting spam.
- The OP_RETURN relay policy change was based on strong technical and decentralization reasons that many critics have not fully researched or understood.
- Decentralization means no one can impose their preferences on others. While users are free to modify their own software, they cannot dictate how everyone else's nodes should operate.
- Bitcoin's governance is intentionally resistant to change. Changes require broad technical consensus among many experienced developers and reviewers, not the approval of any single developer or group.
- Many long-time Bitcoin developers share the same goals—hard money, censorship resistance, and opposition to spam—but believe BIP 110 conflicts with Bitcoin's core principles.
- If people still disagree, they are free to create a fork, because Bitcoin is permissionless. However, Adam believes such a fork is unlikely to attract the broader Bitcoin community.
- Adam Back closes by encouraging BIP 110 supporters to continue learning, better understand Bitcoin's first principles, and remain part of the Bitcoin community instead of becoming disillusioned.