Alex Thorn, Galaxy Digital’s director of research, says that the majority of institutional Bitcoin traders don’t appear to be aware of or interested in the Bitcoin Core and Knots controversy, which has been going on over the last few months.
Bitcoin, the debate is centered on what Bitcoin (BTCRecent events have sparked debates about what the. should be used to do and if non-financial activities should be excluded. Bitcoin Core v30 updateSome have claimed that this opens the “floodgate” Spam is a problem.
Supporters of Knots nodes This type of “spam” Filter out any content that could be used by bad actors to insert illegal or immoral material into blockchain.
Bitcoin Core is concerned that restrictions may fragment the system, cause confusion and even contradict the core principles of Bitcoin.
Over half of Americans don’t care or know.
Thorn stated in a Monday X message that he is able to do so came The conclusion was reached after a 25-person poll of institutional Bitcoin investors that Galaxy has worked with. 46% claimed they were unaware of the controversy, while 36% stated they didn’t even know about it or had an unresolved opinion.
Out of the remaining 18% respondents, they all indicated that Bitcoin Core’s arguments were preferred.
“Real capital, real investors, service providers, even government officials see no problem at all or are unaware there’s even a debate at best it’s a hypothetical problem, and their proposed solution does nothing to solve the (fake) problem they claim is real,” Thorn said
“Even if it is adopted all their legal theories are mumbo jumbo and the fears about them are ones that everyone got comfortable with years ago during early debates over the legality of permissionless decentralized systems.”
Thorn says that the Bitcoin survey was not representative but small.
Only those involved in the poll were eligible to vote 25 institutional Bitcoin investorsThorn responded to a question from a poll participant who questioned whether the sample size was valid. responded This was not a “fair question,” However, he assured him that the results of his poll were in line with what he was seeing.
“I won’t reveal their identities but I will say yes, and the results from that poll line up exactly with my conversations with other whales, investors, leaders at miners and service providers, and government officials over the last several months,” He said.
Thorn said that while he added “didn’t poll miners but I know most of the big ones closely and also nobody cares or is following at all.”
Three possible outcomes
Bitcoin Improvement Proposal for Last Month soft fork sparked outrage on X The section which threatened legal penalties for anyone who refused to accept the fork was removed.
Related: ‘Attack on Bitcoin’ — Bitcoiners slam ‘legal threats’ in soft fork proposal
Thorn, however, believes the argument could end up in three possible ways.
Thorn says that the first thing to do is “no one cares and they fade into obscurity.
“Second, they may create the problems they fear by scaring away Bitcoin users and yet their ideas fork out.
“A third and exceedingly distant likelihood is that their proposed changes become adopted… but even in that unlikely scenario, their solutions fall short. Their solutions will fail and will scare the world to fear permissionless systems. Bitcoin adoption is irreparably damaged.”
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Source: cointelegraph.com
