Ethereum Founder Buterin Stirs Up Bitcoin Core Vs. Knots Debate

bitcoinistPublished on 2025-10-17Last updated on 2025-10-17

Abstract

Vitalik Buterin has waded into Bitcoin’s long-running dispute over “spam” policy and node software philosophy, amplifying a blistering post by...

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Vitalik Buterin has waded into Bitcoin’s long-running dispute over “spam” policy and node software philosophy, amplifying a blistering post by Bitcoin developer Gregory Maxwell that frames the controversy as a clash between open, market-driven neutrality and what he calls populist calls for censorship. “Greg Maxwell defends a principled commitment to freedom and open market-based resource allocation against the populist desire to censor the Current Hated Thing,” Buterin wrote on X, quote-tweeting BitMEX Research’s summary of “fighting talk” in the “Core v Knots” debate.

Buterin Takes A Stance: Supports Bitcoin Core

The immediate spark was a fresh message from Maxwell—posted “Today at 06:40:27 PM” on Bitcointalk—responding to pressure on Bitcoin Core maintainers to ship code perceived as filtering or degrading disfavored transaction types. Maxwell argues that Bitcoin Core’s position, “going all the way back to Satoshi, AFAICT,” is that “Bitcoin is a system secured by economics and self interest.” In his telling, proposals associated with Bitcoin Knots and its advocates amount to building “weapons that can be used against Bitcoin,” a direction he insists Core contributors will not take.

Maxwell’s post is unsparing about both the substance and tone of the current push to constrain on-chain activity. “The knots vision of Bitcoin seems to be a system (in)secured by altruistic hope and populist theocracy—by cancel culture and paper straw bans,” he writes, adding that such campaigns “are really popular on social media and (I expect) a big fail in the real world.”

He acknowledges widespread distaste among Core regulars for “NFT/shitcoin traffic,” but says that commitment to permissionless use must override aesthetic preferences: “Core’s commitment to individual freedom, self determination, and related principals is great enough that they recognize that some wasteful or stupid traffic is the cost of an open system, and that speculative small improvements related to ‘spam’ aren’t worth risking properties that underlie Bitcoin’s entire reason for existence.”

The through-line of Maxwell’s argument is that the project must not bend to “would-be censors” merely because they are “loud and obnoxious,” deploy legal threats, or invite government action. Instead, contributors will “route around them by using and improving Bitcoin just as they would with the weapons of any other attacker.”

He emphasizes that Bitcoin Core is not a vendor optimizing for customers, but a group building a network they themselves want to use: “The people who work on Bitcoin do so for themselves— to create and protect a system they want to use. They’re not making a product for customers… Everyone is invited to share in the benefits of their work if you want what they’ve created, sure. But they’re not going to work against their own interest in a open system secured by economics and resistant to human influence because of popular outcry.”

That “not a product for customers” line quickly became a flashpoint. “Everyone who runs Core IS a customer. This is the dumbest thing I’ve ever read,” X user BaconBitz objected. Buterin, who had elevated the exchange earlier, pushed back on that framing with a terse aesthetic defense: “No, it’s a paragraph written by someone who understands that a good protocol is a work of art.”

Maxwell also ties today’s agitation to a broader cultural reaction against the popularity of on-chain experiments. In his post, he argues that “filter fundamentalism is a thing at all” largely because of “the popular success of NFT/shitcoin bullshit,” and offers a pointed aside about Luke Dashjr’s long-standing advocacy for what Maxwell characterizes as “personal transaction morality police.”

In a characteristically caustic turn, he suggests that advocacy recently “picked up a little traction” not just because of sentiment shifts but also funding dynamics, alleging “he got handed millions in charity investment after becoming an involuntary no-coiner, and now can pay people to work with him and promote his positions since few would previously do it voluntarily.”

The backdrop to all of this is the practical question of what, if anything, Bitcoin Core should do at the code level to address surges in block space demand stemming from inscriptions, NFTs, or other fads that critics label “spam.” Maxwell’s answer is unequivocal: permissionless design and economic incentives are the defense, not discretionary filters.

“It’s nothing new that there is a sizable portion of the population that understand ‘I disapprove of what you say, but I will defend to the death your right to say it’ and a sizable (and vocal!) portion that don’t understand it or don’t agree with it.” In that spirit, he warns against meeting censors “half way” and rejects the idea that threats of state action should steer protocol stewardship.

At press time, Bitcoin traded at $111,567.

Bitcoin price
Bitcoin stays above the 10 Fib, but outside the channel, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, 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.

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Related Reads

Competitors Going Public, Kimi Can't Sit Still

Competitors Go Public, Kimi Feels the Pressure Yue Zhi An Mian (Moonshot AI), the company behind the AI assistant Kimi, has begun dismantling its VIE and red-chip structure, clearing a key obstacle for a potential Hong Kong IPO. This marks a significant shift from six months ago when founder Yang Zhilin stated the company was in "no hurry" to list. The move comes as rivals like Zhipu AI and MiniMax have successfully listed on the Hong Kong Stock Exchange in early 2026, experiencing massive surges in market value. This has reset valuation logic for AI companies, turning "going public" from an end goal into a competitive necessity. Analysts suggest Kimi is both seizing a favorable market window and responding to competitive pressure. Kimi's valuation has skyrocketed from around $3 billion at its 2023 founding to over $20 billion by May 2026. Capital is betting on its potential as a future AI platform and gateway, though some caution this "emotional valuation" depends on sustained technological leadership and successful commercialization. Traditionally focused on core model R&D over user growth, Kimi has recently pivoted strategy. While its monthly active users declined through 2025, it shifted focus to Agent development and reducing marketing spend. The release of its K2.5 model in early 2026 reportedly generated substantial revenue, with annual recurring revenue reaching $200 million by April, driven by subscriptions and API services. A $2 billion D-round financing in May signaled investor approval of this commercial shift. However, listing will bring new pressures. Experts predict a listed Kimi would face stricter scrutiny on financial controls, compliance, and R&D efficiency. The narrative must evolve from pure technological breakthroughs to demonstrating clear commercialization paths, sustainable income, and a defensible valuation, balancing model superiority with business performance.

marsbit2m ago

Competitors Going Public, Kimi Can't Sit Still

marsbit2m ago

End of the 'Gray Era' for Hong Kong and US Stock Trading Accounts: Where Can Your Money Go Now?

Hong Kong and US stock “grey account opening era” ends, where can your money go? In a coordinated regulatory crackdown starting May 22nd, Hong Kong's SFC and China's securities regulator have targeted the previously common but legally ambiguous practice of mainland Chinese investors opening accounts with Hong Kong brokers to trade Hong Kong and US stocks. The SFC issued a stern circular after a review of 12 brokerages, citing major deficiencies including inadequate due diligence, acceptance of suspicious or forged documents, and weak management of cross-border relationships. New requirements mandate mainland clients to submit a written declaration confirming their investment funds originate from *outside* mainland China, the account has never been closed for using suspicious documents, and agreeing to information disclosure. Brokers must immediately close accounts opened with suspicious documents and dormant accounts. Simultaneously, Chinese authorities launched a two-year campaign to rectify illegal cross-border securities activities. Key internet brokers like Futu, Tiger Brokers, and Longbridge are facing penalties, with existing accounts allowed only to sell/withdraw funds, not add new ones. The impact is immediate. Reports from social media and financial news outlets confirm that individuals traveling to Hong Kong to open accounts are now required to sign the new declaration. However, even after signing, applications are frequently rejected. The declaration shifts compliance responsibility to the client and acts as a filter, as most mainland investors' funds do not legally meet the "from outside China" criterion. Major brokers like Futu and Tiger have stopped accepting new mainland clients. A few, such as uSmart Securities, Fosun Wealth, and Cheerful Investment, still offer limited channels, but approvals have tightened significantly. Crucially, funding must now come exclusively from the investor's own bank account in Hong Kong or a qualified jurisdiction, blocking previous workarounds like using money changers or stablecoins. For mainland investors, compliant pathways still exist but are narrower. Individuals with overseas status (students, work visa holders) and verifiable offshore funds may still qualify. Official channels like Stock Connect, QDII, and the Cross-boundary Wealth Management Connect remain fully compliant options, albeit with product and quota limitations. On-chain alternatives exist but carry their own regulatory uncertainties and often exclude mainland users. The crackdown signals the end of the lax expansion period for Hong Kong brokers targeting mainland clients. While investment opportunities persist, the era of easy, low-compliance access is over. Investors must now carefully assess their eligibility and understand that signing the new declaration carries personal legal liability.

Odaily星球日报49m ago

End of the 'Gray Era' for Hong Kong and US Stock Trading Accounts: Where Can Your Money Go Now?

Odaily星球日报49m ago

SpaceX's $1.75 Trillion IPO: A Quick Guide to 17 Related Stocks

**Title: SpaceX's $1.75 Trillion IPO: Analysis of 17 Related Stocks** SpaceX is set to IPO on Nasdaq with a $1.75 trillion valuation. The real value driver is Starlink, contributing 61% of Q1 revenue with high margins. Its valuation heavily depends on future execution, including user growth despite falling ARPU. Key stocks have already surged pre-IPO. Tesla (TSLA, +10%) is a primary beneficiary due to deep integration with SpaceX in chip design and AI. Rocket Lab (RKLB, +89%) is seen as a "mini-SpaceX," but faces risk from potential Neutron rocket delays. AST SpaceMobile (ASTS) competes in the same satellite-to-phone market as Starlink. Firefly (FLY, +70%) is a strong government contractor in lunar services. Partners like EchoStar (SATS), Planet Labs (PL), and T-Mobile (TMUS) will see revaluation. Suppliers like Qualcomm (QCOM, +57%) are critical ecosystem "picks and shovels." Investment vehicles like DXYZ (+80%) hold significant SpaceX stakes but trade at high premiums, which may collapse post-IPO. Redwire (RDW) is highlighted as an under-the-radar "pick and shovel" play in space components, with growth in defense contracts and microgravity pharmaceuticals. The article warns that much of the positive news is already priced in, and a post-IPO sell-off is possible. Large IPOs often underperform initially. Key risks include Starship delays, ARPU decline, and unforeseen black swan events affecting Elon Musk or space operations. Investors are advised to focus on companies with solid fundamentals and manage overall sector exposure carefully.

marsbit51m ago

SpaceX's $1.75 Trillion IPO: A Quick Guide to 17 Related Stocks

marsbit51m ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片