Schwartz Fires Back at Bitcoin Purists After BIP‑110 Collapse
TL;DR:
- Schwartz, former Ripple CTO, responded to Bitcoin purists by stating that others’ opinions about others’ transactions “don’t matter at all”.
- Bitcoin block 962266 was dominated by NFT inscriptions and custom scripts, becoming a manifesto against artificial restrictions.
- Following the collapse of BIP-110, the network was flooded with deliberately heavy blocks, demonstrating the market’s rejection of on-chain censorship.
The failure of the soft fork BIP-110, designed to temporarily limit the volume of non-financial data on the Bitcoin network, did not silence the debate, but deepened it.
David Schwartz, former chief technology officer of Ripple and principal architect of the XRP Ledger, stepped in publicly to settle the discussion with a compelling argument: on a public blockchain, the opinion of third parties about others’ transactions “doesn’t matter at all”.
The great thing about public blockchains is that it doesn't matter one bit whether other people think your use of the blockchain is good and valuable or terrible and worthless. https://t.co/1a5Z6iAC3V
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