Re: [bitcoin-dev] Bitcoin covenants are inevitable

[Erik Aronesty <erik@q32.com>]

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Maintaining the security of the protocol is squarely the responsibility of
the Bitcoin software and the core developers

Continued demand for block space is critical for Bitcoin's security.

Therefore it *is* the responsibility of Bitcoin software and core
developers to maintain a continued demand for block space - which underpins
the game-theoretical security of the protocol.

While I'm personally confident that demand is still high, enough to
reasonably secure the protocol, I do think that this is a matter not best
left up to stern opinions.   Whether covenant tech is essential for that
security or not is a matter for simulations and proofs, not hype and
speculation - on either side of the issue.


On Sat, Jun 4, 2022 at 8:36 AM John Carvalho via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Core development is not a hackathon project.
>
> None of the quoted following items are features or responsibilities of the
> Bitcoin software, nor Core developers.
>
> Quoted:
> "- Developers can build interesting projects with real demand in market.
> - Students learn Sapio and not just solidity.
> - Better tooling could be available for application developers.
> - Maybe we see bitcoin developer hackathons in different countries.
> - Demand for block space might increase, it wont be just exchanges and
> coinjoin.
> - Funding of bitcoin developers and projects might improve. Wont need to
> convince a few people for grants."
>
> Whether you are a child or an attacker, none of us should care, but CTV,
> nor any change to Bitcoin software, will never be justifiable simply
> because you and some of your friends think it is totally cool and might
> make more people like you or give your friends funding.
>
> Please stop making noise about CTV, this is not a place for spamming.
>
> --
> John Carvalho
>
>
>
> On Sat, Jun 4, 2022 at 1:00 PM <
> bitcoin-dev-request@lists.linuxfoundation.org> wrote:
>
>>
>> Date: Fri, 03 Jun 2022 18:39:34 +0000
>> From: alicexbt <alicexbt@protonmail.com>
>> To: Bitcoin Protocol Discussion
>>         <bitcoin-dev@lists.linuxfoundation.org>
>> Subject: [bitcoin-dev] Bitcoin covenants are inevitable
>> Message-ID:
>>
>> <QOWIpROGDv5HHP2GsDiSOsTJ9TVZhFeSP3C03_e2Z3XtOKC_4N5GJtxbdlxuhErvhLZXo1Rn_7SWAQ9XRPwHFuYyArZryTVENefDZuGTAYA=@
>> protonmail.com>
>>
>> Content-Type: text/plain; charset=utf-8
>>
>> Note: This email is an opinion and not an attack on bitcoin
>>
>> Covenants on bitcoin will eventually be implemented with a soft fork. CTV
>> is the easiest and best possible way OP_TX looks good as well. Apart from
>> the technical merits, covenants will improve a few other things:
>>
>> - Developers can build interesting projects with real demand in market.
>> - Students learn Sapio and not just solidity.
>> - Better tooling could be available for application developers.
>> - Maybe we see bitcoin developer hackathons in different countries.
>> - Demand for block space might increase, it wont be just exchanges and
>> coinjoin.
>> - Funding of bitcoin developers and projects might improve. Wont need to
>> convince a few people for grants.
>>
>> **Why covenants are not contentious?**
>>
>> Some people may write paragraphs about CTV being contentious, spread
>> misinformation and do all types of drama, politics etc. on social media but
>> there are zero technical NACKs for CTV. We have discussed other covenant
>> proposals in detail on mailing list and IRC meetings with an open minded
>> approach.
>>
>> All the developers that participated in the discussion are either okay
>> with CTV or OP_TX or covenants in general.
>>
>> **How and when should covenants be implemented in Bitcoin?**
>>
>> I don't think we should wait for years anticipating a proposal that
>> everyone will agree on or argue for years to pretend changes are hard in
>> Bitcoin. We should improve the review process for soft fork BIPs and share
>> honest opinions with agreement, disagreement on technical merits.
>>
>> I prefer BIP 8 or improved BIP 8 for soft fork but I won't mind anything
>> else being used if that improves Bitcoin. Covenants implemented in Bitcoin
>> before the next cycle would provide opportunity for developers to build
>> interesting things during the bear market. Ossification supporters also
>> believe there is some window that will close soon, maybe doing changes
>> considering each case individually will be a better approach. CTV is not a
>> rushed soft fork, less people followed the research and it was not
>> mentioned on social media repeatedly by the respected developers like other
>> soft forks.
>>
>> /dev/fd0
>>
>>
>> Sent with Proton Mail secure email.
>>
>>
>> ------------------------------
>>
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