F2Pool Co-Founder Opposes Bitcoin Soft Fork BIP-444
- F2Pool’s Chun Wang publicly opposes BIP-444 on Twitter.
- Labelled proposal a “bad idea” with no plans to support it.
- Potential impact on Bitcoin’s handling of non-transactional data.
Chun Wang, co-founder of F2Pool, has publicly announced on Twitter that he strongly opposes the Bitcoin Improvement Proposal BIP-444, calling it “a bad idea.”
Wang’s rejection highlights ongoing debates regarding potential Bitcoin soft forks and their implications on decentralization, with significant attention from developers and the crypto community.
F2Pool co-founder Chun Wang expressed strong opposition to the Bitcoin Improvement Proposal BIP-444. He labeled it “a bad idea” and declared that F2Pool will not support any related soft fork, regardless of the timeframe.
The announcement came from Chun Wang’s official account on X (formerly Twitter). He criticized the proposal’s approach, stating that it encouraged developers to head “in the wrong direction” concerning Bitcoin’s core principles.
Bitcoin’s community reaction has been divided, with key figures expressing concerns over potential censorship and deviation from decentralization. The industry at large is scrutinizing the implications on non-transactional on-chain data like Ordinals and NFT inscriptions.
No significant financial or market shifts have been evidenced following the announcement. However, the mining pool’s rejection could influence developer initiatives aiming to enforce this consensus upgrade.
Previous proposals attempting to adjust Bitcoin’s data handling have stalled due to community resistance. Key voting outcomes reveal consistent tension between decentralization and technical protocol amendments.
The long-term impact on Bitcoin’s storage and use of arbitrary data hinges on whether core developers and miners can reach a consensus. Historical precedents reveal an aversion to changes perceived as threats to Bitcoin’s decentralized ethos.
Chun Wang, Co-Founder, F2Pool, “BIP-444 is a bad idea. I, and F2Pool, are not going to soft fork anything, temporary or not. Feel sad that some devs [are] moving further and further in the wrong direction.” Source
