Author: Ricardo Filipe 2019-04-01 01:04:10
Published on: 2019-04-01T01:04:10+00:00
On April 1, 2019, Luke Dashjr, a Bitcoin Core developer, proposed two Bitcoin Improvement Proposals (BIPs) to fix the issue of parts of the community selling bitcoins for unreasonably low prices. The first BIP adds a signed price field to Bitcoin transactions, allowing senders to legally affirm the true USD/BTC rate used in the transaction. The second BIP is a soft fork that sets a minimum price of $50k USD/BTC a year from April 2020 and blocks any transactions that do not specify this price. The BIPs have been posted on GitHub and a reference implementation for the soft fork is available. Dashjr hopes to deploy them in Bitcoin Core v0.18 but is urging developers to review them as soon as possible.
Updated on: 2023-06-13T17:51:33.116179+00:00