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Subject: Re: [bitcoindev] Relax OP_RETURN standardness restrictions
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Lightning network already has existing users, why should they agree with re=
laxing the limits for the other protocols like the one in question for what=
ever new use cases that aren't even interested in or aren't even monetary u=
se-cases?
Most of them pitch that adding something equivalent to EVM to Bitcoin will =
help gain Bitcoin more market cap because it doesn't have enough market cap=
in the crypto. Nice pitch to their investors may be, but not so much to *e=
xisting* users of Bitcoin network and lightning.
Additionally, I would like to understand as a user - what will be the quant=
ification for success of this change? If there's increased oversized op_ret=
urn usage, you can claim - see that worked. If there's none, you can claim =
- see filters were indeed ineffective. It might not be starightforward to q=
uantify if there are multiple startups trying to insert variety of data(dat=
a and commitments of data) in different ways and sizes.
Also, it is being said users who want to retain these options can transitio=
n to Knots but what it is not said is that users who don't want these can a=
lso transition to Libre Relay. You can then see overtime if usage of Libre =
Relay is growing or not to take some hint.
On Friday, May 2nd, 2025 at 10:05 PM, Peter Todd <pete@petertodd.org> wrote=
:
>=20
>=20
> On Fri, May 02, 2025 at 04:34:45PM +1000, Anthony Towns wrote:
>=20
> > I don't share that concern, personally. Data storage is far more
> > efficiently done outside of a blockchain (or more cheaply done on
> > non-Bitcoin blockchains), and for any legitimate use case, avoiding
> > wasting money on inefficient designs or unnecessary engineering project=
s
> > lets you capture more of that value as profit. For scams and frauds,
> > that doesn't apply, but scams and frauds only last until your pool of
> > victims grows wise to your shenanigans.
>=20
>=20
> I need to point out that Citrea, and plenty of other projects similar to
> it, is not using Bitcoin as a data storage mechanism. It's using Bitcoin
> as a data publication mechanism. What's important is by putting data
> in the Bitcoin chain, we've proven that the data has been widely
> published to a well defined audience of participants who would need to
> see that data.
>=20
> Even Lightning does this: HTLCs work because they ensure that data is
> published in a way that allows others in the HTLC chain to be guaranteed
> to see that data in a timely manner.
>=20
> -
> https://petertodd.org 'peter'[:-1]@petertodd.org
>=20
> --
> You received this message because you are subscribed to the Google Groups=
"Bitcoin Development Mailing List" group.
> To unsubscribe from this group and stop receiving emails from it, send an=
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> To view this discussion visit https://groups.google.com/d/msgid/bitcoinde=
v/aBUPFvXVhR3WoyPC%40petertodd.org.
--=20
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