Author: Billy Tetrud 2022-04-21 04:03:05
Published on: 2022-04-21T04:03:05+00:00
The email exchange is between two members of the Bitcoin community, discussing the activation of CTV (Consensus-enforced Transaction Validity). The sender expresses his sympathy towards the need to allow time for the community to analyze and discuss any new substantial change to Bitcoin. However, he points out that many of the messages of opposition or caution seem to imply that analysis of a consensus change cannot begin until the last change has been completed, which is not the case. The sender further elaborates on the checklist provided by Jeremy regarding the maturity of the CTV spec, implementation, and testing.He also compares the state of CTV now with the state of Taproot when activation, highlighting that CTV has had a signet running for almost twice as long already if not longer. He questions where the checklist fails to meet the ideal bar of acceptance and emphasizes that CTV is a simpler change than Taproot and should require correspondingly less review/analysis.The sender argues that delaying the activation of CTV would not do any good and suggests that alternatives should be evaluated and the best one at hand should be chosen. He believes that having CTV is better than not having it, even if it's eventually mostly replaced by some more complex covenant opcode.The recipient responds with points against the activation of CTV in the near term, citing chain split risk as the primary concern. He mentions that there are individuals who have stated their opposition to attempting to activate a CTV soft fork in the near future and that most of those individuals haven't logged their opposition on Jeremy's site. He urges those who oppose this soft fork activation attempt to voice their opposition and run full node software that doesn't include CTV and CTV activation code such as Bitcoin Core.The email exchange highlights the different perspectives in the Bitcoin community about the activation of CTV. While some believe that CTV is a necessary change that should be activated soon, others are concerned about the risks involved and believe that more time should be taken to evaluate alternatives.
Updated on: 2023-06-15T19:02:26.529200+00:00