Replying to Avatar buck

Limiting data on witnesses makes no sense and would break many use cases of bitcoin including those that are “purely monetary”. I’m not appealing to authority as an opt out. I’m making the point that

(a) this is not as simple as “just get rid of things I don’t like” and

(b) you would need someone to implement the type of limit you describe and if everyone that could says that’s a bad/dangerous idea, that’s a problem.

The difference about the pandemic is that experts that disagreed were silenced so it wasn’t universal agreement.

Lift the cap on OP_RETURN and no more witness discount. If it’s not just about the discount then you’re really just asking to censor data you don’t like.
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buck 2y ago

By the way, do you know why there’s a witness discount?

One reason was to encourage migration to segwit. That was desirable. It came with tradeoffs but probably still worth it.

Second reason is because the witness doesn’t need to be persisted by all nodes. So this is actually better for those that don’t want to persist inscription data on their node.

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clr 2y ago

I wonder what would happen if the nodes stopped saving and verifying the segwit transaction signatures. Can those UTXOs be spent by anyone? I still haven’t found a convincing answer to that question. But that’s another story.

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buck 2y ago

Utxos haven’t been spent yet so they haven’t been signed. You can verify by verifying all of the blocks.