Discussion has begun again on if we should activate BIP 119
OP_CTV provides the most functionality for how simple it is. There is also a technical audience that thinks that we should activate. There are also some proposals like LNHance that also incorporate OP_CTV into a combo of opcodes that they want to activate.
One might argue that some people may have reviewed OP_CTV and not found anything, but there is no monetary incentive to research and identify issues. The only thing is that there is a GIANT bounty of 5.5 BTC to be claimed if someone finds a problem with OP_CTV. It has been almost 5 years since the bounty was opened.
OP_CTV also provides the path to many upgrades to the Bitcoin ecosystem, some being
- Vaults
- Channel factories
- Joinpools
- Congestion control
- efficent DLCs and more
So I urge the readers to learn more about OP_CTV and to take it one step further by asking your peers to activate OP_CTV.
Questions
- What do you think about BIP 119?
- Would you activate BIP 119?
- Do you have any concerns about BIP 119?
- Would you rather ossify Bitcoin?
Resources to learn more about OP_CTV
Please boost and share this post if you think BIP 119 should be activated
it its worth noting there is a similar opcode OP_TEMPLATEHASH