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From: Erik Aronesty <erik@q32.com>
Date: Mon, 8 May 2023 17:01:27 -0400
Message-ID: <CAJowKgLAWRmo8LB+F5dw1TWYEUxqm=Ld99J9r4W1dXc0fBaq8w@mail.gmail.com>
To: Michael Folkson <michaelfolkson@protonmail.com>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>,
Ali Sherief <ali@notatether.com>
Subject: Re: [bitcoin-dev] [Mempool spam] Should we as developers reject
non-standard Taproot transactions from full nodes?
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the more i think about it, the more that this is essential. consider that
bitcoin is secured by mining and mining is secured by fees. all of that
is relative to the value of bitcoin itself. but consider the incentive
for a reorg if a single ordinal is worth 1 billion dollars and is being
transferred. now all the incentive logic is thrown to the wind.
non-monetary use is quite dangerous to network stability, and the game
theory underpinning it, imo.
On Mon, May 8, 2023 at 4:59=E2=80=AFPM Erik Aronesty <erik@q32.com> wrote:
> > value you can from these Lightning channel(s) onchain even if it means
> paying a higher fee than the amount you are receiving.
>
> in that case, you're not getting any value - you're losing value. the
> only benefit i could imagine would be to prevent the other party from
> having access to the funds should the channel expire.
>
> regardless, this is an edge case. it's clear that a utxo whose value is
> less than the fee paid to move it is dust, and we already have plenty of
> code to censor dust transactions
>
> > no reason to prevent
>
> the reason to prevent them is to prevent something that has more value
> than the bitcoin itself from being stored on-chain. that is to say:
> real-estate ownership, nfts, or any other thing that isn't "using bitcoin
> as money"
>
> by going at the "incentive/economic layer", rather than pointlessly
> forcing brc-20 and ordinals users to obfuscate their transactions, we can
> provide a permanent incentive to keep that stuff off of bitcoin
>
> personally, i'm not sure it's desirable to keep it off of bitcoin, but if
> it is, the only sure way to disincentivize it is to go at it in this way =
or
> similar
>
> i suspect all the opcode validation suggestions are just silly. ordinal=
s
> can time their fork to the same moment, and store data in a less efficien=
t,
> but still functional, way using any number of mechanisms. we've had
> similar things posted on-chain since 2010 (my favorite was a software
> license key - in an attempt to make bitcoin nodes illegal. it's still i=
n
> there)
>
>
> On Mon, May 8, 2023 at 4:36=E2=80=AFPM Michael Folkson <
> michaelfolkson@protonmail.com> wrote:
>
>> > im unclear as to the purpose paying an onchain transaction fee greater
>> than the amount receiving could possibly serve.
>>
>> If you expect fees to continue to rise and be sustained at abnormally
>> high levels for a long period of time you might seek to close your
>> Lightning channel(s) and move whatever value you can from these Lightnin=
g
>> channel(s) onchain even if it means paying a higher fee than the amount =
you
>> are receiving.
>>
>> I don't necessarily recommend doing this (it would depend on a number of
>> factors, both personal and external) but there is no reason to prevent
>> someone in say the consensus rules from doing this if they wish.
>>
>> --
>> Michael Folkson
>> Email: michaelfolkson at protonmail.com
>> GPG: A2CF5D71603C92010659818D2A75D601B23FEE0F
>>
>> Learn about Bitcoin: https://www.youtube.com/@portofbitcoin
>>
>> ------- Original Message -------
>> On Monday, May 8th, 2023 at 20:47, Erik Aronesty <erik@q32.com> wrote:
>>
>> im unclear as to the purpose paying an onchain transaction fee greater
>> than the amount receiving could possibly serve.
>>
>> what benefit do you get aside from losing bitcoin?
>>
>> are there any, non-theoretical, benefits to facilitating dust
>> transactions?
>>
>> we could, of course, have it be non-consensus (no route dust) to start
>> with
>>
>>
>>
>>
>>
>> On Mon, May 8, 2023 at 1:13=E2=80=AFPM Michael Folkson <
>> michaelfolkson@protonmail.com> wrote:
>>
>>> > probably easier just to reject any transaction where the fee is
>>> higher than the sum of the outputs
>>>
>>> And prevent perfectly reasonable transfers of value and attempted
>>> Lightning channel closes during fee spikes? If I *want* to close my
>>> Lightning channel during a protracted fee spike where I have to pay an
>>> onchain transaction fee greater than the amount I am receiving you want=
to
>>> stop me doing that? You are impinging on a valid use case as well as
>>> requiring a consensus rule change.
>>>
>>> --
>>> Michael Folkson
>>> Email: michaelfolkson at protonmail.com
>>> GPG: A2CF5D71603C92010659818D2A75D601B23FEE0F
>>>
>>> Learn about Bitcoin: https://www.youtube.com/@portofbitcoin
>>>
>>> ------- Original Message -------
>>> On Monday, May 8th, 2023 at 13:58, Erik Aronesty via bitcoin-dev <
>>> bitcoin-dev@lists.linuxfoundation.org> wrote:
>>>
>>> probably easier just to reject any transaction where the fee is higher
>>> than the sum of the outputs
>>>
>>>
>>>
>>> On Mon, May 8, 2023, 7:55 AM Ali Sherief via bitcoin-dev <
>>> bitcoin-dev@lists.linuxfoundation.org> wrote:
>>>
>>>> Hi guys,
>>>>
>>>> I think everyone on this list knows what has happened to the Bitcoin
>>>> mempool during the past 96 hours. Due to side projects such as BRC-20
>>>> having such a high volume, real bitcoin transactions are being priced =
out
>>>> and that is what is causing the massive congestion that has arguable n=
ot
>>>> been seen since December 2017. I do not count the March 2021 congestio=
n
>>>> because that was only with 1-5sat/vbyte.
>>>>
>>>> Such justifiably worthless ("worthless" is not even my word - that's
>>>> how its creator described them[1]) tokens threaten the smooth and norm=
al
>>>> use of the Bitcoin network as a peer-to-pear digital currency, as it w=
as
>>>> intended to be used as.
>>>>
>>>> If the volume does not die down over the next few weeks, should we tak=
e
>>>> an action? The bitcoin network is a triumvirate of developers, miners,=
and
>>>> users. Considering that miners are largely the entities at fault for
>>>> allowing the system to be abused like this, the harmony of Bitcoin
>>>> transactions is being disrupted right now. Although this community has=
a
>>>> strong history of not putting its fingers into pies unless absolutely
>>>> necessary - an example being during the block size wars and Segwit - s=
hould
>>>> similar action be taken now, in the form of i) BIPs and/or ii) commits=
into
>>>> the Bitcoin Core codebase, to curtail the loophole in BIP 342 (which
>>>> defines the validation rules for Taproot scripts) which has allowed th=
ese
>>>> unintended consequences?
>>>>
>>>> An alternative would be to enforce this "censorship" at the node level
>>>> and introduce a run-time option to instantly prune all non-standard Ta=
proot
>>>> transactions. This will be easier to implement, but won't hit the road
>>>> until minimum next release.
>>>>
>>>> I know that some people will have their criticisms about this,
>>>> absolutists/libertarians/maximum-freedom advocates, which is fine, but=
we
>>>> need to find a solution for this that fits everyone's common ground. W=
e
>>>> indirectly allowed this to happen, which previously wasn't possible be=
fore.
>>>> So we also have a responsibility to do something to ensure that this k=
ind
>>>> of congestion can never happen again using Taproot.
>>>>
>>>> -Ali
>>>>
>>>> ---
>>>>
>>>> [1]:
>>>> https://www.coindesk.com/consensus-magazine/2023/05/05/pump-the-brcs-t=
he-promise-and-peril-of-bitcoin-backed-tokens/
>>>> <https://www.coindesk.com/consensus-magazine/2023/05/05/pump-the-brcs-=
the-promise-and-peril-of-bitcoin-backed-tokens/?outputType=3Damp>
>>>> _______________________________________________
>>>> bitcoin-dev mailing list
>>>> bitcoin-dev@lists.linuxfoundation.org
>>>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>>>
>>>
>>>
>>
--000000000000eb5c3605fb34f179
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div dir=3D"ltr">the more i think about it, the more that =
this is essential.=C2=A0 =C2=A0consider that bitcoin is secured by mining a=
nd mining is secured by fees.=C2=A0 =C2=A0all of that is relative to the va=
lue of bitcoin itself.=C2=A0 =C2=A0but consider the incentive for a reorg i=
f a single ordinal is worth 1 billion dollars and is being transferred.=C2=
=A0 now all the incentive logic is thrown to the wind.=C2=A0 =C2=A0non-mone=
tary use is quite dangerous to network stability, and the game theory under=
pinning it, imo.=C2=A0</div><br><div class=3D"gmail_quote"><div dir=3D"ltr"=
class=3D"gmail_attr">On Mon, May 8, 2023 at 4:59=E2=80=AFPM Erik Aronesty =
<<a href=3D"mailto:erik@q32.com">erik@q32.com</a>> wrote:<br></div><b=
lockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-le=
ft:1px solid rgb(204,204,204);padding-left:1ex"><div dir=3D"ltr">>=C2=A0=
<span style=3D"font-size:14px">value you can from these Lightning channel(s=
) onchain even if it means paying a higher fee than the amount you are rece=
iving.</span><div style=3D"font-size:14px"><br></div><div style=3D"font-siz=
e:14px">in that case, you're not getting any value - you're losing =
value.=C2=A0 =C2=A0the only benefit i could imagine would be to prevent the=
other party from having access to the funds should the channel expire.=C2=
=A0 =C2=A0<br><br>regardless, this is an edge case.=C2=A0 =C2=A0it's cl=
ear that a utxo whose value is less than the fee paid to move it is dust, a=
nd we already have plenty of code to censor dust transactions<br><br></div>=
<div style=3D"font-size:14px">> no reason to prevent<br><br>the reason t=
o prevent them is to prevent something that has more value than the bitcoin=
itself from being stored on-chain.=C2=A0 that is to say:=C2=A0 real-estate=
ownership, nfts, or any other thing that isn't "using bitcoin as =
money"</div><div style=3D"font-size:14px"><br></div><div style=3D"font=
-size:14px">by going at the "incentive/economic layer", rather th=
an pointlessly forcing brc-20 and ordinals users to obfuscate their transac=
tions, we can provide a permanent incentive to keep that stuff off of bitco=
in</div><div style=3D"font-size:14px"><br></div><div style=3D"font-size:14p=
x">personally, i'm not sure it's desirable to keep it off of bitcoi=
n, but if it is, the only sure way to disincentivize it is to go at it in t=
his way or similar</div><div style=3D"font-size:14px"><br></div><div style=
=3D"font-size:14px">i suspect all the opcode validation suggestions are jus=
t silly.=C2=A0 =C2=A0ordinals can time their fork to the same moment, and s=
tore data in a less efficient, but still=C2=A0functional, way using any num=
ber of mechanisms.=C2=A0 =C2=A0we've had similar things posted on-chain=
since 2010 (my favorite was a software license key - in an attempt to make=
bitcoin nodes illegal.=C2=A0 =C2=A0it's still in there)<br><br></div><=
/div><br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail_attr">O=
n Mon, May 8, 2023 at 4:36=E2=80=AFPM Michael Folkson <<a href=3D"mailto=
:michaelfolkson@protonmail.com" target=3D"_blank">michaelfolkson@protonmail=
.com</a>> wrote:<br></div><blockquote class=3D"gmail_quote" style=3D"mar=
gin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1=
ex"><div style=3D"font-size:14px"><font face=3D"Arial, sans-serif">>=C2=
=A0</font><span style=3D"font-family:system-ui,sans-serif;line-height:1.5">=
im unclear as to the purpose<span>=C2=A0</span><span>paying an onchain tran=
saction fee greater than the amount receiving could possibly serve.</span><=
/span><div style=3D"font-family:system-ui,sans-serif;line-height:1.5"><span=
><br></span></div>If you expect fees to continue to rise and be sustained a=
t abnormally high levels for a long period of time you might seek to close =
your Lightning channel(s) and move whatever value you can from these Lightn=
ing channel(s) onchain even if it means paying a higher fee than the amount=
you are receiving.</div><div style=3D"font-size:14px"><br></div><div style=
=3D"font-size:14px">I don't necessarily recommend doing this (it would =
depend on a number of factors, both personal and external) but there is no =
reason to prevent someone in say the consensus rules from doing this if the=
y wish.</div><div style=3D"font-family:Arial,sans-serif;font-size:14px"><br=
></div>
<div style=3D"font-family:Arial,sans-serif;font-size:14px">
<div>
<div style=3D"font-family:arial;font-size:14px"><span style=3D"colo=
r:rgb(38,42,51);font-style:normal;font-weight:400;letter-spacing:normal;tex=
t-indent:0px;text-transform:none;white-space:pre-wrap;word-spacing:0px;back=
ground-color:rgb(255,255,255);float:none;display:inline"><span style=3D"fon=
t-family:SFMono-Regular,Consolas,"Liberation Mono",Menlo,monospac=
e,monospace"><span style=3D"font-size:14px">--<br>Michael Folkson</span></s=
pan></span></div><div style=3D"font-family:arial;font-size:14px"><span styl=
e=3D"color:rgb(38,42,51);font-style:normal;font-weight:400;letter-spacing:n=
ormal;text-indent:0px;text-transform:none;white-space:pre-wrap;word-spacing=
:0px;background-color:rgb(255,255,255);float:none;display:inline"><span sty=
le=3D"font-family:SFMono-Regular,Consolas,"Liberation Mono",Menlo=
,monospace,monospace"><span style=3D"font-size:14px">Email: michaelfolkson =
at </span></span></span><a rel=3D"noreferrer nofollow noopener" style=3D"li=
ne-height:normal;text-decoration:underline;font-family:SFMono-Regular,Conso=
las,"Liberation Mono",Menlo,monospace,monospace;font-size:14px;fo=
nt-style:normal;font-weight:400;letter-spacing:normal;text-indent:0px;text-=
transform:none;white-space:pre-wrap;word-spacing:0px" href=3D"http://proton=
mail.com/" target=3D"_blank">protonmail.com</a><span style=3D"color:rgb(38,=
42,51);font-style:normal;font-weight:400;letter-spacing:normal;text-indent:=
0px;text-transform:none;white-space:pre-wrap;word-spacing:0px;background-co=
lor:rgb(255,255,255);float:none;display:inline"><span style=3D"font-family:=
SFMono-Regular,Consolas,"Liberation Mono",Menlo,monospace,monospa=
ce"><span style=3D"font-size:14px"> </span></span></span></div><div style=
=3D"font-family:arial;font-size:14px"><span style=3D"color:rgb(38,42,51);fo=
nt-style:normal;font-weight:400;letter-spacing:normal;text-indent:0px;text-=
transform:none;white-space:pre-wrap;word-spacing:0px;background-color:rgb(2=
55,255,255);float:none;display:inline"><span style=3D"font-family:SFMono-Re=
gular,Consolas,"Liberation Mono",Menlo,monospace,monospace"><span=
style=3D"font-size:14px">GPG: <span>A2CF5D71603C92010659818D2A75D601B23FEE=
0F</span></span></span></span></div><div style=3D"font-family:arial;font-si=
ze:14px"><span style=3D"color:rgb(38,42,51);font-style:normal;font-weight:4=
00;letter-spacing:normal;text-indent:0px;text-transform:none;white-space:pr=
e-wrap;word-spacing:0px;background-color:rgb(255,255,255);float:none;displa=
y:inline"><span style=3D"font-family:SFMono-Regular,Consolas,"Liberati=
on Mono",Menlo,monospace,monospace"><span style=3D"font-size:14px"><sp=
an><br></span></span></span></span></div><div style=3D"font-family:arial;fo=
nt-size:14px"><span style=3D"color:rgb(38,42,51);font-style:normal;font-wei=
ght:400;letter-spacing:normal;text-indent:0px;text-transform:none;white-spa=
ce:pre-wrap;word-spacing:0px;background-color:rgb(255,255,255);float:none;d=
isplay:inline"><span style=3D"font-family:SFMono-Regular,Consolas,"Lib=
eration Mono",Menlo,monospace,monospace"><span style=3D"font-size:14px=
"><span>Learn about Bitcoin: <span><a rel=3D"noreferrer nofollow noopener" =
href=3D"https://www.youtube.com/@portofbitcoin" target=3D"_blank">https://w=
ww.youtube.com/@portofbitcoin</a></span></span></span></span></span></div>
</div>
<div>
</div>
</div>
<div style=3D"font-family:Arial,sans-serif;font-size:14px"><br></div><div>
------- Original Message -------<br>
On Monday, May 8th, 2023 at 20:47, Erik Aronesty <<a href=3D"mai=
lto:erik@q32.com" target=3D"_blank">erik@q32.com</a>> wrote:<br><br>
<blockquote type=3D"cite">
<div dir=3D"ltr"><div>im unclear as to the purpose <span style=
=3D"font-family:system-ui,sans-serif;font-size:14px">paying an onchain tran=
saction fee greater than the amount receiving could possibly serve.</span><=
/div><div><span style=3D"font-family:system-ui,sans-serif;font-size:14px"><=
br></span></div><div><span style=3D"font-family:system-ui,sans-serif;font-s=
ize:14px">what benefit do you get aside from losing bitcoin?</span></div><d=
iv><span style=3D"font-family:system-ui,sans-serif;font-size:14px"><br></sp=
an></div><div><span style=3D"font-family:system-ui,sans-serif;font-size:14p=
x">are there any, non-theoretical, benefits to facilitating dust transactio=
ns?</span></div><div><span style=3D"font-family:system-ui,sans-serif;font-s=
ize:14px"><br></span></div><div><span style=3D"font-family:system-ui,sans-s=
erif;font-size:14px">we could, of course, have it be non-consensus (no rout=
e dust) to start with</span></div><div><br></div><div><span style=3D"font-f=
amily:system-ui,sans-serif;font-size:14px"><br></span></div><div><span styl=
e=3D"font-family:system-ui,sans-serif;font-size:14px"><br></span></div><div=
><span style=3D"font-family:system-ui,sans-serif;font-size:14px"><br></span=
></div></div><br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail=
_attr">On Mon, May 8, 2023 at 1:13=E2=80=AFPM Michael Folkson <<a rel=3D=
"noreferrer nofollow noopener" href=3D"mailto:michaelfolkson@protonmail.com=
" target=3D"_blank">michaelfolkson@protonmail.com</a>> wrote:<br></div><=
blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-l=
eft:1px solid rgb(204,204,204);padding-left:1ex"><div style=3D"font-family:=
Arial,sans-serif;font-size:14px">> <span style=3D"font-family:system-ui,=
sans-serif;display:inline">probably easier just to reject any transaction w=
here the fee is higher than the sum of the outputs</span></div><div style=
=3D"font-family:Arial,sans-serif;font-size:14px"><span style=3D"font-family=
:system-ui,sans-serif;display:inline"><br></span></div><div style=3D"font-f=
amily:Arial,sans-serif;font-size:14px"><span style=3D"font-family:system-ui=
,sans-serif;display:inline">And prevent perfectly reasonable transfers of v=
alue and attempted Lightning channel closes during fee spikes? If I <b>want=
</b> to close my Lightning channel during a protracted fee spike where I ha=
ve to pay an onchain transaction fee greater than the amount I am receiving=
you want to stop me doing that? You are impinging on a valid use case as w=
ell as requiring a consensus rule change.</span></div><div style=3D"font-fa=
mily:Arial,sans-serif;font-size:14px"><span style=3D"font-family:system-ui,=
sans-serif;display:inline"><br></span></div>
<div style=3D"font-family:Arial,sans-serif;font-size:14px">
<div>
<div style=3D"font-family:arial;font-size:14px"><span style=3D"colo=
r:rgb(38,42,51);font-style:normal;font-weight:400;letter-spacing:normal;tex=
t-indent:0px;text-transform:none;white-space:pre-wrap;word-spacing:0px;back=
ground-color:rgb(255,255,255);float:none;display:inline"><span style=3D"fon=
t-family:SFMono-Regular,Consolas,"Liberation Mono",Menlo,monospac=
e,monospace"><span style=3D"font-size:14px">--<br>Michael Folkson</span></s=
pan></span></div><div style=3D"font-family:arial;font-size:14px"><span styl=
e=3D"color:rgb(38,42,51);font-style:normal;font-weight:400;letter-spacing:n=
ormal;text-indent:0px;text-transform:none;white-space:pre-wrap;word-spacing=
:0px;background-color:rgb(255,255,255);float:none;display:inline"><span sty=
le=3D"font-family:SFMono-Regular,Consolas,"Liberation Mono",Menlo=
,monospace,monospace"><span style=3D"font-size:14px">Email: michaelfolkson =
at </span></span></span><a href=3D"http://protonmail.com/" style=3D"line-he=
ight:normal;text-decoration:underline;font-family:SFMono-Regular,Consolas,&=
quot;Liberation Mono",Menlo,monospace,monospace;font-size:14px;font-st=
yle:normal;font-weight:400;letter-spacing:normal;text-indent:0px;text-trans=
form:none;white-space:pre-wrap;word-spacing:0px" rel=3D"noreferrer nofollow=
noopener" target=3D"_blank">protonmail.com</a><span style=3D"color:rgb(38,=
42,51);font-style:normal;font-weight:400;letter-spacing:normal;text-indent:=
0px;text-transform:none;white-space:pre-wrap;word-spacing:0px;background-co=
lor:rgb(255,255,255);float:none;display:inline"><span style=3D"font-family:=
SFMono-Regular,Consolas,"Liberation Mono",Menlo,monospace,monospa=
ce"><span style=3D"font-size:14px"> </span></span></span></div><div style=
=3D"font-family:arial;font-size:14px"><span style=3D"color:rgb(38,42,51);fo=
nt-style:normal;font-weight:400;letter-spacing:normal;text-indent:0px;text-=
transform:none;white-space:pre-wrap;word-spacing:0px;background-color:rgb(2=
55,255,255);float:none;display:inline"><span style=3D"font-family:SFMono-Re=
gular,Consolas,"Liberation Mono",Menlo,monospace,monospace"><span=
style=3D"font-size:14px">GPG: <span>A2CF5D71603C92010659818D2A75D601B23FEE=
0F</span></span></span></span></div><div style=3D"font-family:arial;font-si=
ze:14px"><span style=3D"color:rgb(38,42,51);font-style:normal;font-weight:4=
00;letter-spacing:normal;text-indent:0px;text-transform:none;white-space:pr=
e-wrap;word-spacing:0px;background-color:rgb(255,255,255);float:none;displa=
y:inline"><span style=3D"font-family:SFMono-Regular,Consolas,"Liberati=
on Mono",Menlo,monospace,monospace"><span style=3D"font-size:14px"><sp=
an><br></span></span></span></span></div><div style=3D"font-family:arial;fo=
nt-size:14px"><span style=3D"color:rgb(38,42,51);font-style:normal;font-wei=
ght:400;letter-spacing:normal;text-indent:0px;text-transform:none;white-spa=
ce:pre-wrap;word-spacing:0px;background-color:rgb(255,255,255);float:none;d=
isplay:inline"><span style=3D"font-family:SFMono-Regular,Consolas,"Lib=
eration Mono",Menlo,monospace,monospace"><span style=3D"font-size:14px=
"><span>Learn about Bitcoin: <span><a href=3D"https://www.youtube.com/@port=
ofbitcoin" rel=3D"noreferrer nofollow noopener" target=3D"_blank">https://w=
ww.youtube.com/@portofbitcoin</a></span></span></span></span></span></div>
</div>
<div>
</div>
</div>
<div style=3D"font-family:Arial,sans-serif;font-size:14px"><br></div><div>
------- Original Message -------<br>
On Monday, May 8th, 2023 at 13:58, Erik Aronesty via bitcoin-dev &l=
t;<a rel=3D"noreferrer nofollow noopener" href=3D"mailto:bitcoin-dev@lists.=
linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.or=
g</a>> wrote:<br><br>
<blockquote type=3D"cite">
<div dir=3D"auto">probably easier just to reject any transactio=
n where the fee is higher than the sum of the outputs<div dir=3D"auto"><br>=
</div><div dir=3D"auto"><br></div></div><br><div class=3D"gmail_quote"><div=
class=3D"gmail_attr" dir=3D"ltr">On Mon, May 8, 2023, 7:55 AM Ali Sherief =
via bitcoin-dev <<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org=
" rel=3D"noreferrer nofollow noopener" target=3D"_blank">bitcoin-dev@lists.=
linuxfoundation.org</a>> wrote:<br></div><blockquote style=3D"margin:0px=
0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex" cla=
ss=3D"gmail_quote"><div style=3D"font-family:Arial,sans-serif;font-size:14p=
x">Hi guys,</div><div style=3D"font-family:Arial,sans-serif;font-size:14px"=
><br></div><div style=3D"font-family:Arial,sans-serif;font-size:14px">I thi=
nk everyone on this list knows what has happened to the Bitcoin mempool dur=
ing the past 96 hours. Due to side projects such as BRC-20 having such a hi=
gh volume, real bitcoin transactions are being priced out and that is what =
is causing the massive congestion that has arguable not been seen since Dec=
ember 2017. I do not count the March 2021 congestion because that was only =
with 1-5sat/vbyte.</div><div style=3D"font-family:Arial,sans-serif;font-siz=
e:14px"><br></div><div style=3D"font-family:Arial,sans-serif;font-size:14px=
">Such justifiably worthless ("worthless" is not even my word - t=
hat's how its creator described them[1]) tokens threaten the smooth and=
normal use of the Bitcoin network as a peer-to-pear digital currency, as i=
t was intended to be used as.</div><div style=3D"font-family:Arial,sans-ser=
if;font-size:14px"><br></div><div style=3D"font-family:Arial,sans-serif;fon=
t-size:14px">If the volume does not die down over the next few weeks, shoul=
d we take an action? The bitcoin network is a triumvirate of developers, mi=
ners, and users. Considering that miners are largely the entities at fault =
for allowing the system to be abused like this, the harmony of Bitcoin tran=
sactions is being disrupted right now. Although this community has a strong=
history of not putting its fingers into pies unless absolutely necessary -=
an example being during the block size wars and Segwit - should similar ac=
tion be taken now, in the form of i) BIPs and/or ii) commits into the Bitco=
in Core codebase, to curtail the loophole in BIP 342 (which defines the val=
idation rules for Taproot scripts) which has allowed these unintended conse=
quences?</div><div style=3D"font-family:Arial,sans-serif;font-size:14px"><b=
r></div><div style=3D"font-family:Arial,sans-serif;font-size:14px">An alter=
native would be to enforce this "censorship" at the node level an=
d introduce a run-time option to instantly prune all non-standard Taproot t=
ransactions. This will be easier to implement, but won't hit the road u=
ntil minimum next release.</div><div style=3D"font-family:Arial,sans-serif;=
font-size:14px"><br></div><div style=3D"font-family:Arial,sans-serif;font-s=
ize:14px">I know that some people will have their criticisms about this, ab=
solutists/libertarians/maximum-freedom advocates, which is fine, but we nee=
d to find a solution for this that fits everyone's common ground. We in=
directly allowed this to happen, which previously wasn't possible befor=
e. So we also have a responsibility to do something to ensure that this kin=
d of congestion can never happen again using Taproot.</div><div style=3D"fo=
nt-family:Arial,sans-serif;font-size:14px"><br></div><div style=3D"font-fam=
ily:Arial,sans-serif;font-size:14px">-Ali</div><div style=3D"font-family:Ar=
ial,sans-serif;font-size:14px"><br></div><div style=3D"font-family:Arial,sa=
ns-serif;font-size:14px">---</div><div style=3D"font-family:Arial,sans-seri=
f;font-size:14px"><br></div><div style=3D"font-family:Arial,sans-serif;font=
-size:14px">[1]: <span><a href=3D"https://www.coindesk.com/consensus-magazi=
ne/2023/05/05/pump-the-brcs-the-promise-and-peril-of-bitcoin-backed-tokens/=
?outputType=3Damp" rel=3D"noreferrer nofollow noopener" target=3D"_blank">h=
ttps://www.coindesk.com/consensus-magazine/2023/05/05/pump-the-brcs-the-pro=
mise-and-peril-of-bitcoin-backed-tokens/</a></span></div><div style=3D"font=
-family:Arial,sans-serif;font-size:14px"><div>
</div>
<div>
</div>
</div>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a rel=3D"noreferrer nofollow noopener" href=3D"mailto:bitcoin-dev@lists.li=
nuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org<=
/a><br>
<a rel=3D"noreferrer nofollow noopener" href=3D"https://lists.linuxfoundati=
on.org/mailman/listinfo/bitcoin-dev" target=3D"_blank">https://lists.linuxf=
oundation.org/mailman/listinfo/bitcoin-dev</a><br>
</blockquote></div>
</blockquote><br>
</div></blockquote></div>
</blockquote><br>
</div></blockquote></div>
</blockquote></div></div>
--000000000000eb5c3605fb34f179--
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