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First of all, I'll note that Leishman is not a neutral third-party observer – he has ties to Core:
I think this is important to point out as a lot of people have given up on trying to understand the technical arguments and instead are relying on appeals to authority. Appeals to authority are much less effective when the authority is biased.
As far as addressing his arguments, I made an attempt to do so here:
And I've lightly edited these arguments and presented them again on SN here:
I am just a guy on the internet that wants to see Bitcoin succeed as sound money, which is why I'm pro-Knots. I have absolutely zero connection with anyone on either side. I am also a non-expert. I've tried to piece together what I can by reading, watching, and perhaps most importantly, thinking and writing.
The more I (think I) understand about the technical side, the more I have to assume that those experts who are basically saying "relax, this is a nothingburger" and trying to shove this change through have ulterior motives – such as Leishman above, or the main Q&A thread on SN, which conveniently doesn't mention the points I've made (to my knowledge – I haven't read the entire thing).
Thank you I read your whole response and I appreciate it. I just wanted to say... it is clear that 'witness data' to include 'arbitrary witness data'... isn't non-standard right?
A 'jpeg' or especially 'a memecoin' doesn't actually exist. Tick: memcoin. Op: Create. Number: 5 doesn't mean that a memecoin is actually created. It's just a Bitcoin UTXO everything else is... total nonsense it just is.
Eventually the people doing this arbitrary data will run out of money, realize it's unprofitable get bored and move on. And Spot Bitcoin will always be Spot Bitcoin the end.
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Yes, I realize that there are many ways to to embed arbitrary data in a standard transaction (although I'm unfamiliar with the details). Of course, it doesn't follow that therefore it's ok to relax constraints on what is non-standard.
Your last paragraph seems reasonable (even likely) to me. I would just rather not count on it.
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There is no "main Q&A thread on SN". Many stackers have posted different threads on this and I think they're all just trying to get their heads around it. Most of us aren't experts either.
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I thought this was the thread. No?
This could be stickied to the top...
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Perhaps I misunderstood "main thread" to imply there was an official SN thread about this topic, rather than the most popular thread about it.
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