Blockstream’s CEO, Adam Back, has expressed concerns regarding a newly proposed Bitcoin Improvement Proposal (BIP-110) aimed at reducing spam from Ordinals, asserting that it may harm the overall credibility of the Bitcoin network.

The BIP-110 proposal, introduced by pseudonymous developer Dathon Ohm in December, has gained traction, with approximately 7.5% of Bitcoin nodes ready to adopt it. The initiative seeks to limit the amount of non-financial data, such as images and audio files, that can be included in Bitcoin transactions to address network congestion.

While Back agrees that Bitcoin should serve as reliable currency, he stated that implementing a change at the consensus level for BIP-110 could be detrimental, implying it might weaken Bitcoin’s reputation as a dependable monetary system. He noted, “It’s a lynch mob attempt to push changes there is not consensus for,” describing the current spamming issue as merely an annoyance rather than a significant security risk.

The proposal is intended as a temporary measure, allowing the Bitcoin community to assess its impacts over the next year while longer-term solutions are developed.

Supporters of the proposal highlight that it aims to safeguard against potential freezing of funds, although Ohm maintains significant efforts have been made to address concerns regarding known use cases.

Meanwhile, Leonidas, a proponent for non-financial transactions, underscored the importance of Ordinals and Runes in generating revenue for Bitcoin miners amidst ongoing discussions about network sustainability.

In conclusion, the debate surrounding BIP-110 continues as representatives from various factions within the Bitcoin community voice their opinions on its potential impacts.