[Mempool spam] Should we as developers reject non-standard Taproot transactions from full nodes?

Posted by Michael Folkson

May 8, 2023/12:33 UTC

In a recent post on the Bitcoin-dev mailing list, Ali Sherief expressed concern over the congestion caused by high volume side projects such as BRC-20 that are pricing out real bitcoin transactions. He suggested taking action to curtail the loophole in BIP 342 which has allowed these unintended consequences. However, Michael Folkson responded by pointing out that if transactions are consensus compatible and paying fees at the market rate, the system is working as it should. He further explained the technical reasons for the design decisions in BIP 342, highlighting the difficulties with a policy change or a consensus change. Folkson argued that a game of whack-a-mole with blunt tools such as policy rules and especially consensus rules is ineffective at best and harmful at worst. Finally, he warned that assuming one embarks on a game of whack-a-mole, there is nothing to stop a group of people from popping up in a year declaring their opposition to one's use case and trying to prevent it.

Link to Raw Post
Bitcoin Logo

TLDR

Join Our Newsletter

We’ll email you summaries of the latest discussions from high signal bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.

Explore all Products

ChatBTC imageBitcoin searchBitcoin TranscriptsSaving SatoshiDecoding BitcoinWarnet
Built with 🧡 by the Bitcoin Dev Project
View our public visitor count

We'd love to hear your feedback on this project.

Give Feedback