The biggest technical risk to Bitcoin has been, and remains to be, the continual growth of the UTXO set. As this continues to grow, under the current model, it will become less possible to run a Bitcoin node on low end hardware. This will inevitably lead to centralization if we don't take adequate action.
This is a true regardless of usage of OP_RETURN, Counterparty, Bitcoin Stamps, Inscriptions, Runes, Bare multisig outputs, but the aforementioned have exacerbated the problem bringing what would have been future concerns years out, into the relative present.
Vic
npub1yx6…7kza
2024-06-08 14:01:58
Author Public Key
npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kzaSeen on
wss://relay.noswhere.comPublished at
2024-06-08 14:01:58Event JSON
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"created_at": 1717848118,
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"content": "The biggest technical risk to Bitcoin has been, and remains to be, the continual growth of the UTXO set. As this continues to grow, under the current model, it will become less possible to run a Bitcoin node on low end hardware. This will inevitably lead to centralization if we don't take adequate action.\n\nThis is a true regardless of usage of OP_RETURN, Counterparty, Bitcoin Stamps, Inscriptions, Runes, Bare multisig outputs, but the aforementioned have exacerbated the problem bringing what would have been future concerns years out, into the relative present.",
"sig": "09ac693a0d95179ac8d5b3bd05e35634e102d7246a19772b9f2293ff0d6a656e7cf9a7ac238d9d54be061b20deac07ae1981da7e3e59f37774b4755c52a8923f"
}