If Bitcoin is not optimized for financial activity, people will transact off chain using trusted third parties, and the blockchain will increasingly consist of junk data no one wants to store.
The as...
It is jot a coincidence that this "generic database" contained primarily financial activity until 2023.
That was the result of responsible decision making and careful design.
That has all been abandoned for the purposes of bringing crypto scams to Bitcoin, rationalized with hollow ideological claims that undermine sincere engineering efforts to reduce non-monetary usage of Bitcoin.
"Bitcoin is permissionless!"
"That is not spam, they're valid transactions!"
...as though those things are meant to mean we cannot be permitted to acknowledge and fix issues preventing the network from functioning correctly.
That was the result of responsible decision making and careful design.
That has all been abandoned for the purposes of bringing crypto scams to Bitcoin, rationalized with hollow ideological claims that undermine sincere engineering efforts to reduce non-monetary usage of Bitcoin.
"Bitcoin is permissionless!"
"That is not spam, they're valid transactions!"
...as though those things are meant to mean we cannot be permitted to acknowledge and fix issues preventing the network from functioning correctly.
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