Wang Chun, co-founder of cryptocurrency mining pool F2Pool, has made remarks that draw attention to the debate surrounding Bitcoin protocol updates.
Chun shared his assessment via the X Platform, arguing that changes to Bitcoin’s core protocol should not be pursued through “political compromise” or forced package deals.
Chun said it would be a mistake to apply the “package bill” approach often seen in US politics, where various provisions are added to a single legislative package, to the Bitcoin development process. He argued that this approach would lead to forced acceptance of necessary but unpopular provisions, and therefore opposed proposals BIP-110 and BIP-54.
Chun also mentioned a technical issue known as “time warp,” which he said has been around for a long time but doesn’t offer much of an advantage for Bitcoin miners. He stated that the vulnerability is effectively unusable because it is impossible to predict which miner will produce the next block, suggesting that this mechanism could be used to influence certain altcoin networks. Therefore, there was no need to immediately change the protocol, he argued.
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Chun also noted that both improvements to the libsecp256k1 library and hardware enhancements have significantly increased the efficiency of transaction validation, and no protocol-level updates are required in this area. He said that theoretical risks such as “confirmed transaction forgery” depend on breaking double SHA-256 collisions, and if this were to happen, Bitcoin’s fundamental security structure would already collapse.
Considering all these considerations, Chun said many of the current discussions do not provide sufficient justification for protocol changes. According to the founders, only the “repetitive transactions” issue stands out as one of the few changes worth implementing, with limited potential for improvement.
*This is not investment advice.
