OP_CTV

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.

Explaining the controversy around Bitcoin’s BIP 119 (CTV) proposal and debunking some myths that in part fueled it.

UASF versus URSF is one mechanism for proposed changes to Bitcoin’s code. This should be the way changes to Bitcoin are decided and implemented.

The debate about BIP119 has two central issues being conflated: the proposal itself and the activation mechanisms that could be used to implement it.

There are many differing opinions about BIP119. This Twitter Spaces conversation aims to clear up some of the confusion and offer explanations.

In Bitcoin, it is nearly impossible to find out how much support there is for a proposal without trying it. CTV is a non-invasive change and should be accepted.

Bitcoin stands out because it is a digital bearer asset that gives full private property rights to its users, and development must carefully protect this aspect.

BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.