Many of the possibilities that are now used for spam were introduced with Taproot, with the promise that they would improve Bitcoin as a payment network. For a long time the argument was that these use cases simply needed time to develop. Now more than four years have passed and Taproot is still barely used for payments. It had enough time to prove its value. What we see instead is that a significant portion of blockspace is used for things that have little to do with Bitcoin as money, or a payment network. The issue is that Bitcoin evolves through consensus. Bitcoin ultimately becomes what its users use it for. If more activity revolves around NFTs, smart contracts, DeFi, or similar applications, the incentives around Bitcoin will inevitably shift in that direction. Bitcoin is built on trade-offs. Decentralization and scaling cannot both be maximized. Other applications have very different trade-offs than Bitcoin as decentralized money and a store of value. Once those use cases become large within the network, they also gain influence over its future direction. At that point it becomes much harder to steer Bitcoin back toward its role as money. If a large share of blockspace is already used for other purposes, that shift has already begun. That is the risk I see, and why I support moving Bitcoin back toward being primarily a store of value and payment network.