Bitcoin Core developers have released a second test version of the controversial Bitcoin Core V30 update, which is set to guide you through new wallet formats and non-monetary data inclusions sometime in October.
The Bitcoin Core project labeled “New Major Release” on Sunday, as new release candidates for Bitcoin Core (V30.0RC2) are available for testing.
This update introduces a step-by-step phase of the old legacy wallet infrastructure and introduces a new, simplified command system, but the main conflict is taking into account changes to the policy around OP_RETURN OPCODE, which allows for the embedding of arbitrary data into transactions.
Data limits effectively remove unlimited default caps from 80 bytes, potentially up to 4 megabytes per transaction output.
Bitcoin Purist vs Maxis
However, Bitcoin purists believe that networks should only be used for financial transactions, not data storage.
They argue that large OP_Return usage is inflated the blockchain forever, as all Bitcoin nodes need to store this data and increase costs. You may also have spam and malware loaded into your network.
The argument for Bitcoin’s maximalist is that if users pay a fee, they should be able to use block space as they wish, and the power of the market naturally limits malicious use with fees.
Related: Jimmy’s song slams Bitcoin core developers for the op_return “Fiat” mentality
Bitcoin Core supports updating. The update is scheduled to roll out around late October, but the exact date remains flexible due to ongoing testing and intense debate between developers.
Nick Szabo places emphasis on legal risks
Bitcoin pioneer Nick Sabo has returned to X after almost five years of break.
He said that network charges, known by developer Calle, protect miners, but do not provide sufficient removal to protect full nodes.
“Of course, this has always been a problem. But increasing the OP_Return allowance can make this worse. It also increases legal risk.”
He also states, “This is an open legal issue almost everywhere,” suggesting that nodes may be legally liable for harmful data stored on the blockchain.
The trial highlighted by Crypto litigator Joe Carlasare, held that the node operator is not liable for the absence of data knowledge or control.
Szabo said one argument is that while the data could be hidden in other ways, the OP_Return data is prunable. “This suggests that allowing more data on op_return could reduce legal risk.”
However, the objection is that illegal content in standard format can be easily displayed in standard software. “It’s likely to impress lawyers, judges and ju judges, and therefore is more legally dangerous than data that requires special software to be rebuilt,” he said.
Some believe that Cypherpunk Szabo is Nakamoto, the creator of Bitcoin’s pseudonym. However, he repeatedly denied this. Szabo joined Samson Mow’s Bitcoin Infrastructure Company Jan3 as Chief Scientist in January.
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