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BITCOIN SEASON 2: Bitcoin OP_RETURN War Explained
Manage episode 481889127 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Bitcoin developers are clashing over relaxing OP_RETURN limits. This technical debate about arbitrary data on Bitcoin has sparked divisions about what constitutes "spam" and revealed tensions between Bitcoin Core devs and those seeking a "purer" Bitcoin experience.
You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 12,000 Bitcoiners: https://newsletter.blockspacemedia.com
What started as a technical proposal has exploded into community division, with accusations of "destroying Bitcoin" flying around. The hosts break down what OP_RETURN is, why some devs want to increase its size limit, and why others view it as enabling "spam" on the blockchain. At its core, this fight reveals deeper tensions about who controls Bitcoin's future and what the network should be used for.
Notes:
- OP_RETURN limit currently set at 83 bytes
- Proposal would increase limit to ~1 megabyte
- 30-45% of Bitcoin transactions are "non-financial"
- Bitcoin Knots node usage has grown to 7-8%
- Out-of-band transactions bypass node relay
- Core devs facing diminished community trust
Timestamps:
00:00:00:00 Start
00:00:36:16 Why's everyone so mad?
00:02:04:14 Claim your bias
00:04:00:03 The backstory
00:08:27:09 Changing the OP_RETRUN limit
00:11:24:06 Post to relax the limit
00:15:39:23 Out of Band payment
00:17:39:06 Standard vs valid consensus
00:19:52:29 What is spam?
00:28:41:05 Arch Network
00:29:13:14 Cons of increasing the limit
00:32:34:25 That's too "woke" bro!
00:35:56:27 Knots
-
👉 Brought t
o you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.
-
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
3342 episodes
Share
Manage episode 481889127 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Bitcoin developers are clashing over relaxing OP_RETURN limits. This technical debate about arbitrary data on Bitcoin has sparked divisions about what constitutes "spam" and revealed tensions between Bitcoin Core devs and those seeking a "purer" Bitcoin experience.
You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 12,000 Bitcoiners: https://newsletter.blockspacemedia.com
What started as a technical proposal has exploded into community division, with accusations of "destroying Bitcoin" flying around. The hosts break down what OP_RETURN is, why some devs want to increase its size limit, and why others view it as enabling "spam" on the blockchain. At its core, this fight reveals deeper tensions about who controls Bitcoin's future and what the network should be used for.
Notes:
- OP_RETURN limit currently set at 83 bytes
- Proposal would increase limit to ~1 megabyte
- 30-45% of Bitcoin transactions are "non-financial"
- Bitcoin Knots node usage has grown to 7-8%
- Out-of-band transactions bypass node relay
- Core devs facing diminished community trust
Timestamps:
00:00:00:00 Start
00:00:36:16 Why's everyone so mad?
00:02:04:14 Claim your bias
00:04:00:03 The backstory
00:08:27:09 Changing the OP_RETRUN limit
00:11:24:06 Post to relax the limit
00:15:39:23 Out of Band payment
00:17:39:06 Standard vs valid consensus
00:19:52:29 What is spam?
00:28:41:05 Arch Network
00:29:13:14 Cons of increasing the limit
00:32:34:25 That's too "woke" bro!
00:35:56:27 Knots
-
👉 Brought t
o you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.
-
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
3342 episodes
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A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman, Matthew Brown, and Rob Litterst from The Hustle.
…
continue reading
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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