Today's tweet from Bitcoin Core dev @LukeDashjr
, targeting the inscription ecosystem, has ignited the entire crypto community. We delved into the code in knots (a desktop Bitcoin node) developed by Luke and discovered some intriguing aspects.
Luke's core approach in his knots code to limit what he calls Bitcoin token scams revolves around two parameters:
datacarriersize:
This parameter limits data based on op-return, i.e., token systems written in the UTXO's output. If enacted, well-known protocols such as Colored Coins, OmniLayer, and Runes would be affected.
maxscriptsize:
This parameter limits inscription protocols based on TaprootScript, with data engraved in the UTXO's witness field. If activated, protocols like #Ordinals , #BRC20 , etc., would be impacted.
In conclusion, if we were to proceed as Luke suggests, activating these parameters with their default limiting values, the Bitcoin ecosystem might be left with only the least blockchain footprint protocols such as Taproot Assets and RGB
Additionally, we can observe that these parameters are merely configurable and related to mempool transaction scrutiny. Therefore, they do not reject such transactions at the consensus mechanism level.