delvingbitcoin

Combined summary - BIP Draft: Flag day activation based on nLockTime signaling

Combined summary - BIP Draft: Flag day activation based on nLockTime signaling

The discussion brings to light concerns regarding the potential for increased censorship in Bitcoin transactions, specifically focusing on the use of nLockTime values.

It highlights a key issue that current protocols automatically mine and relay transactions set with nLockTime values either in the past or to a lower height, without considering the implications. This automatic process becomes a significant concern when addressing scenarios in which miners, who may oppose certain changes, could deliberately censor transactions representing those changes. The conversation extends beyond miner actions, acknowledging that users too might engage in censorship efforts against transactions carrying inscriptions or content they oppose.

Additionally, the dialogue seeks to clarify the meaning of "readiness" signaling within the context of including transactions in blocks. It questions whether "readiness" pertains to miners indicating their acceptance to process certain transactions or to users showing support for specific changes through their transaction practices. A critical point raised is the problematic nature of associating transaction inclusion with endorsement. This association does not accurately capture the intentions behind miners' actions, as they could manipulate transaction selection to artificially signal readiness, thereby affecting the perception of consensus or acceptance of changes within the Bitcoin ecosystem. This manipulation calls into question the reliability of using transaction inclusion as a metric for genuine community agreement or support for particular modifications, suggesting a need for caution against creating incentives for more sophisticated censorship tools within the network.

Discussion History

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sjors Original Post
August 20, 2024 16:21 UTC
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August 20, 2024 18:49 UTC
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August 20, 2024 18:57 UTC
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August 20, 2024 19:00 UTC
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August 22, 2024 00:35 UTC