Hourglass V2 Update

The debate around the implementation of an in-protocol plunge protection mechanism for Bitcoin has garnered significant attention. Critics argue that such measures, which would artificially restrict individuals' ability to spend their coins, stand in opposition to the core principles of Bitcoin. The primary concern is that the introduction of these mechanisms could compromise Bitcoin's integrity and utility as a peer-to-peer electronic cash system. This perspective emphasizes the importance of maintaining the foundational attributes of Bitcoin, advocating for the preservation of its unregulated and decentralized nature. The argument against the proposal underlines the necessity of retaining the original vision of Bitcoin, ensuring it continues to serve as an efficient and unrestricted medium of exchange among users worldwide.