Bitcoin expansionists and Bitcoin birthists have different views on whether to remove the 1M limit

Golden Finance News - The earliest Bitcoin was developed by Satoshi Nakamoto. After Satoshi Nakamoto retired, the development and maintenance tasks of Bitcoin were passed from Nakamoto to Gavin. Gavin delegated the code authority to four other developers. Later, other developers joined and developed into the current Core development team.

The Core development team is divided over whether to remove the 1M limit. Image source: Golden Finance

Later, there was a disagreement within the Core development team about whether to remove the 1M limit according to Satoshi Nakamoto's plan. The conflict began to intensify, and Gavin, Jeff and other developers who supported the removal of the 1M limit were kicked out of the Bitcoin Outcome Faction of the Core team and their code permissions were deleted.

Later, these developers, including some new developers who supported the removal of the 1M limit, established development teams such as XT, Classic, and BU. The disagreement between the two sides of the Bitcoin development team came from this, and the root of the disagreement was still on the concept of Bitcoin. One group on the Internet regards Bitcoin as an asset, while the other group regards Bitcoin as a currency. The two groups have completely different views.

The expansionists are worldly people

The expansionists believe that the ultimate goal of Bitcoin is to serve as a competitive currency to legal tender. This theory was proposed by Hayek, winner of the 1974 Nobel Prize in Economics. He believes that the government cannot suppress the impulse to issue legal tender indiscriminately, and the best way is competition.

Competition among commodities can produce better commodities, and currencies should also compete, and competition among currencies can also produce better currencies with stable value. When the legal currency is over-inflated, Bitcoin can be used as a competitive currency to protect people from being exploited by legal currency, and through competition, curb the inflation of legal currency.

Therefore, the world-advocates focus on the increase in the number of Bitcoin users and the expansion of its scope of use. They believe that only when more people use it and it becomes large enough to survive can Bitcoin be protected.

The worldly faction can accept a slight reduction in decentralization for this reason. For example, Satoshi Nakamoto believes that individuals can use light wallets and there is no need to use full nodes.

Core is the Bitcoin pioneer

Bitcoin absurdists believe that the ultimate purpose of Bitcoin is to protect personal property security as the ultimate free currency.

Bitcoin escapists are not very concerned about Bitcoin's transaction congestion or user development. What they care about is whether Bitcoin meets the standards of the "ultimate free currency" in their minds. They believe that "ultimate free currency" is the highest attraction to attract users.

Bitcoin absurdists cannot accept the loss of decentralization. They believe that everyone must be able to run a full node and hope to further enhance the relevant properties of Bitcoin, such as developing it towards complete anonymity.

Staff composition

Bitcoin worldly people: economists (Hayek), entrepreneurs, and miners.

Pay attention to the changes that Bitcoin brings to the world. Bitcoin survives if more people use it.

Bitcoin agnostic group: technicians and front-line programmers.

Focusing on Bitcoin's realization of its own goals, Bitcoin survives by relying on technological protection.