OP_RETURN protester Jason Hughes plans to sell his Bitcoin in protest
According to Protos, OCEAN mining pool's Vice President Jason Hughes announced that he will sell all his Bitcoin holdings and exit the crypto industry to protest the OP_RETURN change resolution passed by the Bitcoin core development team.
The change, which plans to remove the 80-byte OP_RETURN output limit in the October release of Bitcoin Core 30 version, will support up to 4MB transactions by default in the memory pool, aiming to accommodate the needs of applications such as DAOs, oracles, and stablecoins.
In an open letter, Hughes stated, "52 days ago, Bitcoin core development at least still upheld its principles," and claimed that "the unique qualities that made Bitcoin different no longer exist." He will leave his position when the October change takes effect and has already received job offers from several non-crypto companies.