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2025-11-03 19:10:41 UTC

worshipbitcoin on Nostr: I made the connection a few months ago that the OP_RETURN drama could *perhaps* be a ...

I made the connection a few months ago that the OP_RETURN drama could *perhaps* be a reason for *some* of the selling pressure we've seen.

I was laughed at on twitter for even suggesting the possibility of this.

But now a few months later I've heard this discussed, mostly dismissive, but still discussed, on many podcasts.

Is it that unlikely?
Is anyone discussing this potential reason why OGs are dumping Bitcoin?

I haven't heard this discussed anywhere, but could this "unimportant and cumbersome" OP_RETURN drama be part of the reason why some OGs are unloading coins?

If in their mind Bitcoin is in practice being run by a small number of people in Bitcoin Core, then maybe Bitcoin's decentralization is overstated? And thus it's potential future value overstated?