Samson Mow Drops Bombshell: Bitcoin At Risk From Core Product | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure JAN3 CEO and BTC maximalist, Samson Mow, has again spoken up against the Bitcoin Core developers. His statement relates to the proposed expansion plans on the network, which Mow believes could erode BTC’s status as a currency

Samson Mow Speaks Against Bitcoin Core Developers

In an X post, Samson Mow declared that the Bitcoin core developers have become a risk to Bitcoin. Mow was responding to a comment by developer Jamesob, in which he explained why the core developers have more authority over the BTC ecosystem than some might think. This indicates that they could easily move ahead with the expansion plans, which Mow is wary of

Related Reading: Bitcoin Expert Samson Mow Reveals Why BTC Is Not Trading At $10 Million Per Coin AlreadyJamesob stated that the Bitcoin Core developers have a tremendous amount of latent power for at least two reasons. Firstly, he noted that every business has basically hardcoded the use of that implementation with levels of risk aversion surpassing “never got fired for buying IBM.” The developer claimed that this has created an amazing de facto monopoly on economic nodes. Simply put, these Core developers have so much autonomy over how the network runs

Secondly, Jamesob stated that the Bitcoin network is so complicated that any non-developer inherently must delegate to some technical authority they trust. He added that the Core developers have ended up being the target of that delegation. The developer remarked that this is a “tremendous amount of sticky power,” and that anyone who fails to realize it is naive

These comments come amid the spam wars debate. Bitcoinist reported that the Bitcoin Core developers have taken a stance, with plans to proceed with the OP_RETURN expansion. The developers declared that they won’t step in to stop “harmless” data from entering the network, as this negates Bitcoin’s purpose as a tool against censorship. However, maximalists like Samson Mow argue that this could undermine BTC’s status as Sound Money

Mow Alludes To Past Comments Against The Proposal

Samson Mow also alluded to past comments against Bitcoin developer Greg Maxwell and the proposed OP-RETURN expansion on the network. Mow stated that Greg was being disingenuous in his support of the proposal and that it is too bad that most people worshipped him too much to see the truth

Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend WarningsGreg remarked that the actually proposed change is insubstantial and that it allows traffic that appears today as fake outputs, which bloat the UTXO set, to become non-bloating traffic. However, Samon Mow holds a different opinion and declared that Greg is either “intellectually dishonest or doesn’t understand the current reality.”

Meanwhile, Samson Mow also responded to the recent statement that the Bitcoin Core Developers put out. He alleged that the developers have been changing the network gradually to enable spam, and now seem focused on also removing barriers for spammers

At the time of writing, the BTC price is trading at around $105,400, down in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $105,875 on the 1D chart | Source: BTCUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.