According to Michael Saylor, co-founder of treasury firm Bitcoin (BTC) Strategy, the biggest threat to the Bitcoin network comes from “ambitious opportunists” who want to push through changes to the protocol.
Saylor’s comments sparked debate online. Bitcoin Maximalism Justin Bechler he said the comments were aimed at software developers pushing for non-monetary apply cases for Bitcoin, such as non-fungible tokens (NFTs) and onchain blockchain images.
“Bitcoin’s biggest risk is quantum energy” – investor Fred Krueger he saidwhile others, such as Mert Mumtaz, CEO of Remote Procedure Call (RPC) node provider Helius, disagreed with Saylor. Mumtaz he said: :
“Absolute cancer of mindset. ‘Ambitious people who want to develop this technology are our biggest risk.’ Nothing is infallible. certainly not Bitcoin, which has had a lot of bugs so far, like any other software – maybe we should let those bugs stay instead of patching them.”
Several users, including Mark of Bitcoin, quoted ongoing spam wars and Bitcoin Improvement Proposal 110 (BIP-110), a temporary soft fork intended to filter non-monetary data from the Bitcoin ledger.
Saylor’s post has inflamed a debate between Bitcoiners who want to ossify the protocol and software developers advocating for expanded Bitcoin features, such as quantum-resistant wallet addresses and onchain file storage.
Related: Michael Saylor Refutes Criticism of Bitcoin Treasury Companies
The Bitcoin community continues to debate the quantum threat
Quantum computing is still a subject of intense debate among the Bitcoin community. Nic Carter, founder of venture firm Castle Island, has done this many times warned that the protocol must transition to post-quantum standards as soon as possible.
However, Adam Back, CEO of digital asset infrastructure company Blockstream, dismissed Carter’s claims, calling them “ill-informed.”
“Bitcoiners and developers do not deny that they are defensively conducting research and development to prepare for future quantum computers. But they are simply quietly conducting research while you make noise without knowing,” Back he said.
Bitcoin market analyst James Check he said that concerns over quantum computing have no impact on Bitcoin’s market price, and he attributed the recent market downturn to long-term Bitcoin holders dumping their coins into the market.
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