Hi everyone,

IRC channel: #ctv-csfs-activation on libera.chat

I [requested][0] the economic nodes to review different soft fork proposals
and share their opinion on 5 March 2025. Four entries were added to the
[wiki][1] and nobody has any objections to the proposals. Some
organizations do not want to publicly participate in this process to avoid
politics and drama.

A [letter][2] was signed on 9 June 2025 by bitcoin developers to get more
core contributors involved in the review process. It was followed by a
[proposal][3] that makes a few changes to CHECKTEMPLATEVERIFY and combines
it with CHECKSIGFROMSTACK. Personally, I don't like that TEMPLATEHASH is
restricted to taproot and don't see anything wrong with
CHECKTEMPLATEVERIFY. However, other developers may disagree with me and
have different opinion. I have created an IRC channel for workshops,
meetings, activation, etc.

We can finalize a meeting schedule so we can use the IRC channel to move
closer to covenants activation on bitcoin.

I think BIP 8 would be a better option for the next soft fork.
[Previously][4], some suggestions were [rejected][5] because knots was not
used by a large number of users. However, things have changed since then
and [~15%][6] of nodes use knots for bitcoin.

[0]: https://groups.google.com/g/bitcoindev/c/kd8g8V1NVOY/m/nE2y5V66AQAJ
[1]: https://en.bitcoin.it/wiki/Covenants_support
[2]: https://ctv-csfs.com/
[3]: https://groups.google.com/g/bitcoindev/c/5wLThgegha4/m/iUWIZPIaCAAJ
[4]:
https://gnusha.org/pi/bitcoindev/CAFvNmHS4s_MbXP8o3kWmaUZ5Xks1b76jSDymp1Bjr--4R8_v3Q@mail.gmail.com/
[5]:
https://diyhpl.us/cgit/pi-bitcoindev/plain/cc/877bbc8de83e7aa4d2252a0473d05d634946b4/dev/fd0
[6]: https://bitnodes.io/nodes/?q=knots#network-snapshot

/dev/fd0
floppy disk guy

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