However, some people insists that most of the former warriors who joined the revolts had criticized the government since before the issuance of the public bond, and their reason for joining the revolts was not Chitsuroku-shobun.
一方で士族反乱に参加した士族の大半は金禄公債証書発行以前から政府を批判しており、また決起の趣旨に秩禄処分が挙げられているケースが少ない事も指摘されている。