Bitcoin Core Or Bitcoin Knots: What The OP_RETURN Debate Is Actually About

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Bitcoin Core Or Bitcoin Knots: What The OP_RETURN Debate Is Actually About - BM bitcoinmagazine.com/technical/bitcoin-core-or-bitcoin-knots-what-the-op_return-debate-is-actually-about

261 sats \ 9 comments \ @Scoresby 6 Oct bitcoin

Everyone is free to use whatever software they want, whether this is Bitcoin Core 30.0 (with or without touching this default setting), an older version of Bitcoin Core, Bitcoin Knots, Libre Relay, or anything else. In this sense Bitcoin users are, in a very real way, sovereign.

Either way, Bitcoin does not operate like a democracy. Because every node typically relays transactions to multiple others, if even a relatively small minority of users choose to run Bitcoin Core 30.0 (or Libre Relay or something similar), larger OP_RETURNs should in fact propagate rather freely. This probably can’t be stopped completely, but assuming Bitcoin Knots proponents want to at least meaningfully stifle this, they’ll need to convince some supermajority of node operators (perhaps 95% or more) to join them in their filtering efforts.

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112 sats \ 3 replies \ @DarthCoin 6 Oct

55 sats \ 2 replies \ @melvincarvalho 6 Oct

This sidesteps the real issue. Bitcoin is hard to change, so policy should move slowly, carefully, and with the community. Even Adam said he would not have merged this so fast and preferred 160B over 100 kB. The process created an unnecessary sense of urgency. Whether spam can be stopped is a separate debate. The question here is how we change Bitcoin policy.

137 sats \ 1 reply \ @DarthCoin 6 Oct

The question here is how we change Bitcoin policy.

0 sats \ 0 replies \ @028559d218 7 Oct

Bitcoin is decided by those who pay fees

110 sats \ 0 replies \ @melvincarvalho 6 Oct

Big fan of Core up to v29, but v30 was merged too soon. Classic FOSS failure mode: ship first, debate later. A PR with 400+ downvotes and a sustained supermajority of NACKs should have paused. The worrying part is there has been no meaningful course correction.

The net result is people moving to Knots, which may be a good thing. It is more attack resistant over the long term, which is good for Bitcoin, and the market will likely price that in.

29 sats \ 0 replies \ @LibreHans 6 Oct

People who think knots is only about OP_RETURN are people who haven't done enough research about knots.