What are the controversial parts of BIP-361?
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The biggest debate around BIP-361 is that it could effectively “freeze” Bitcoin stored in old, vulnerable addresses if users don’t upgrade in time.
Under the proposal, coins left in outdated address formats after a certain period would become unspendable. Critics argue this goes against Bitcoin’s core principle of ownership and could be seen as forcing users to act. Supporters, however, say it’s necessary to protect the network from a potential large-scale security breach in the future.
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Security vs freedom debate again.
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Not everyone will upgrade in time.
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This could create serious backlash.
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I get the security angle but still….
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Bitcoin changing slowly but surely.
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Feels a bit forced honestly.
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Old wallets becoming useless is wild.
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Future proofing always comes with tradeoffs.
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This might scare long term holders
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Interesting but also kinda scary.