Upgrades to Bitcoin, including BitVM and OP_CAT, are expected to stabilize consensus by creating new miner fees and decreasing dependency on pooled resources. A sustainable mining market is crucial for Bitcoin's longevity. Recent trends showing major miners merging for extra fees highlight the need for diverse revenue options. The introduction of certain opcodes can equalize the mining landscape while preserving Bitcoin's fundamentals and preventing unhealthy expressivity. While concerns exist about potential risks, Bitcoin's inherent structure may protect it from these threats.
Upgrades to Bitcoin, like BitVM and OP_CAT, will stabilize Bitcoin consensus by opening up new miner fees and reducing reliance on extractive pooling schemes.
Healthy mining markets are vital for Bitcoin's longevity; as demand is low, miners merging for extra fees indicates a need for diverse revenue sources.
Adding certain opcodes can help level the miner playing field, maintaining Bitcoin's core properties while preventing the unhealthy expressivity seen in other networks.
Covenants could introduce risks, but the structure of Bitcoin's consensus and proof of work model may protect it from the worst forms of entrenchment.
Collection
[
|
...
]