RT Gilded Pleb (@gildedpleb)There are many things wrong with the now infamous quote from Gloria Zhao (@glozow), Bitcoin Core Maintainer. In this post I will attempt to show why, exactly, it's problematic. Admittedly, it is hard to see on first glance, so lets attempt to be systematic about it.The quote:> "Like you, like if you don't like cat photos. You don't like wizards or whatever. That's your choice. But I don't think this is not a legitimate transaction. Or this is a waste of block space. Because NFTs ...

RT Nick Szabo (@NickSzabo4)Far greater moral and legal disputes will arise over OP_RETURN when it is carrying far more arbitrary unmoderatable content rather than predominantly just unmoderatable financial transactions. You get yourself mixed up with the coming flood of illegal content at your peril (and perhaps the rest of ours' peril, too, but since you are using OP_RETURN you are particularly in the firing line). ...

RT Nick Szabo (@NickSzabo4)@George203BTC @th_s4m0ht @maniac94846 83 bytes meant to support some kinds of financial transactions and not meant for, and incapable of, supporting most non-financial content e.g. images. ...

RT Nick Szabo (@NickSzabo4)Far greater moral and legal disputes will arise over OP_RETURN when it is carrying far more arbitrary unmoderatable content rather than predominantly just unmoderatable financial transactions. You get yourself mixed up with the coming flood of illegal content at your peril (and perhaps the rest of ours' peril, too, but since you are using OP_RETURN you are particularly in the firing line). ...

RT Nick Szabo (@NickSzabo4)@SentientFreedom It's not about it being free (it's not), it's about the far greater moral and legal disputes that have and will arise when you are carrying arbitrary unmoderatable content rather than just unmoderatable financial transactions. ...

Risks Associated with Arbitrary Content - The core developers may be underestimating the risks and objections associated with arbitrary content compared to financial transactions [1] - Arbitrary content introduces a far greater and more unpredictable variety of risks and objections for node operators [1] - The primary concern is not the volume of content (spam), but the content itself [2] - Arbitrary content carries a vastly greater variety of legal risks and moral objections than financial transactions [2]