Bitcoin Core Developer Luke Dashjr Calls Out Misleading NFT Auction

Bitcoin has gained immense popularity over the years as a decentralized digital currency that allows people to transfer money without the involvement of any third party. It has been around for over a decade now, and many developers have contributed to the Bitcoin codebase to make it what it is today. Luke Dashjr is one such developer who has been involved in the development of Bitcoin since its early days.

Dashjr is known for his contributions to the Bitcoin Core software, which is the reference implementation of the Bitcoin protocol. He has been involved in the development of Bitcoin since 2011 and is one of the few original core developers of the Bitcoin project. He has also been involved in the development of other cryptocurrencies and blockchain-related projects.

Recently, Dashjr took to social media to call out an auction site that had used his name and code without his consent to create and sell a misleading NFT. NFTs or non-fungible tokens are unique digital assets that are stored on a blockchain. They are often used to represent digital art or collectibles.

Dashjr revealed in a tweet that a non-fungible token featuring a picture of code he wrote was sold at an auction site for 0.41 Bitcoin or roughly $9,500. The NFT was advertised as his code in the listing and presented to the public for sale and profit. However, Dashjr clarified that he was not involved in the creation or sale of the NFT and had not given consent for his name or code to be used.

Dashjr went on to explain that he had not been the first Bitcoin developer to have his name or work used in this way. He stated that third parties were marketing his name and his code for their own monetary gain without his consent. Dashjr further revealed that the winner of the auction eventually contacted him and he had to inform them that he was not involved with the sale.

Dashjr claims that an individual, either the seller or the auction site, had reached out and offered him a donation of 90% of the auction proceeds, which he declined. Dashjr’s tweet has since received a lot of attention on social media, with many people expressing their support for him.

The incident highlights the issue of intellectual property in the world of blockchain and cryptocurrency. As the industry continues to grow and evolve, it is important for developers to protect their work and ensure that it is not misused for someone else’s financial gain. It also underscores the need for greater awareness and education on the part of buyers and sellers in the cryptocurrency market.

In conclusion, Luke Dashjr’s experience with the misleading NFT auction serves as a cautionary tale for developers and investors alike. It underscores the importance of respecting intellectual property rights and highlights the need for greater transparency and accountability in the cryptocurrency market. As the industry continues to mature, it is important for all stakeholders to work together to create a more equitable and sustainable ecosystem.


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Bitcoin Developers On Taproot Activation

Taproot was merged into Bitcoin Core in October 2020, leaving only the activation method for this highly-anticipated protocol upgrade focused on adding smart contract flexibility and more transactional privacy to Bitcoin.

Last week, the Bitcoin development community gathered via Internet Relay Chat (IRC) to discuss the parameters of the Taproot activation and two code pull requests (PRs) of the BIP 8 signaling mechanism. 

“In an effort to get this closer to the finish line we are organizing a meeting on IRC on the ##taproot-activation channel on Tuesday 2nd February at 19:00 UTC,” Bitcoin development organizer Michael Folkson announced via the bitcoin-dev mailing list. “The primary objective will be to finalize the revised BIP 8 activation method…”

Ultimately, that meeting provided more insight into how Bitcoin’s most significant protocol change since SegWit might move forward.

Editor’s note: The statements reproduced from IRC below have been edited slightly for clarity but are otherwise presented as they were written.

Giving Shape To The Proposal

Bitcoin developer Anthony Towns has compiled the proposals and possible scenarios for the activation of Taproot. In the February 2 meeting, the ones that seem to have the most support are “BIP 8 (false, 1y)” and “BIP 8 (true, 1y).” However, no vote was taken, there was just discussion of each alternative activation method.

But what does this mean? BIP 8 is a mechanism that allows for upgrading the consensus in the Bitcoin network through a soft fork, and, specifically a miner-activated soft fork or MASF with the option to add a user activated soft fork (UASF) after some time. In the last consensus update (SegWit), a user-activated soft fork (UASF) was used in addition to BIP 9’s MASF. However, Taproot seems to be non-controversial for miners, so it seems less likely that a UASF would be necessary this time.

Coming back to the proposal, the parameters are “lockinontimeout” and “timeout,” where lockinontimeout basically means whether or not the activation would be forced and “timeout” means the window in which it would be activated. Another relevant parameter that didn’t get enough discussion was “startheight”. 

If lockinontimeout is false, and the update doesn’t have enough support, it gets cancelled and a new proposal is defined. (Bitcoin Developer Luke Dashjr described lockintimeout=false as giving miners an additional power that they were never intended to have),

“If you start off with (timeout=T, lockinontimeout=false) there’s three possibilities when T is hit: the activation fails, you try again with a new activation (timeout=T+1year, lockinontimeout=true, eg); before then you tell everyone to switch their software to (timeout=T, lockinontimeout=true) at which point you’ve upgraded the MASF to a UASF,” Towns wrote on IRC. “There’s also the possibility of getting everyone to upgrade to software that specifies (timeout=T-6 months, lockinontimeout=true) in which case the people who’ve upgraded will start rejecting blocks at T-6months, and if the longest chain activates by that time, both old and new software will have the soft-fork activated.”

However, Dashjr disagrees on lockinontimeout=false:

“…are we happy with lockingtimeout = false in general?,” Bitcoin Developer Maxim Orlovsky asked.

“Yes,” Lightning Developer Rusty Russell responded. “We have a UASF hammer if we need it, but obv it’s better not to use it.”

“lot=true doesn’t mean we use it, lot=false means the intent is to let miners decide,” Dashjr wrote. “BIP8(false) is a regression.”

But Russell argued against what he sees as a developer imposition: “I feel that avoiding the appearance of developer mandate over the protocol is important, and also I like having an escape hatch should problems be found before activation,” he wrote. “Thus I prefer to start with lockin=false, and revisit at 6 months if it hasn’t activated.”

“There’s no developer mandate… makes more sense to do 1y,false then 1y,true for the same 1y period [in the case of two subsequent deployments],” Dashjr responded.

But Russell did not appear to be swayed:

“I disagree,” he wrote. “Miners get coordination power because we can reliably measure them in a decentralized manner, unlike other groups. That implies the ability to *not* coordinate, yes. But we have a plan for that too, as BIP-8 makes a UASF much less likely to cause a split. That’s as good as we can do.”

“lot=true IS planning for that,” Dashjr wrote in response, “it doesn’t stop miners from doing MASF.”

Others in the chat proposed to make lockinontimeout=false optional, but the default:

“lot=false is safer than lot=true, so it’s worth doing lot=false first given that we know hashpower is ~90% already pro-taproot,” wrote CoinSwap developer Chris Belcher.

Iif users can easily change lot=false to lot=true at some point without requiring a new core release, I’d support leaving lot=false the default,” Keagan McClelland wrote.

The UASF Hammer

Dashjr wants to use “BIP 8 (true),” a UASF fallback, as a game theory device to make sure that miners will activate Taproot, and give them no option of “veto” power, just like what happened with SegWit.

“Given the signaling requirements, What type of stalling or griefing attack could a mining pool achieve if they value stalling taproot?” a user called “gloved” asked in the IRC on February 2. “Eg abusing the marginal hashrate required for activation.”

As a reminder, signaling is about reducing fork risks and has nothing to do with political support or voting.

“MASF is the preferred path, with UASF as a fallback if miners fail to signal,” Dashjr wrote back. “The community could move the UASF sooner if it’s clear someone is stalling it.”

PRs 1020 and 1021

To make BIP 8 functional, it would have to be modified. This implies changes in the signaling mechanism and these are the code PRs that aim to do so:

  • 1020: Would make miner signaling unnecessary after the LOCKED_IN phase, as by this phase the soft fork is already definitely going to be activated.
  • 1021: Allow some MUST_SIGNAL blocks to not signal.

1020 had obtained acknowledgement in the February 2 meeting, and 1021 was initially considered unnecessary.

“Ok, so 1021 is only relevant when miners have NOT activated the fork,” Dashjr wrote. “1021 is in the UASF scenario ONLY… it allows up to 5% of blocks to be missing the required signal… IMO this is pointless and just increases complexity.”

See Also

Taproot, a BTC protocol upgrade designed to improve flexibility and transaction privacy, has merged into Bitcoin Core, as a part of the 0.21.0 release.

But later on in the exchange, Blockstream researcher Nick Jonas pointed out 1021 could be necessary.

“Re #1021, if you decide run bip8(true) with most nodes still running bip8(false) you really wouldn’t run code that doesn’t implement #1021 because you might end up on the wrong chain otherwise,” Jonas wrote.

“Nick has a strong point,” Dashjr responded, later on in the IRC. “Without 1021, you could run LOT=true and fail to follow the Taproot-activated chain!”

In another exchange relevant to these PRs, Towns noted how these PRs could be relevant for the potential of bad actors.

“(1) the argument here is that during a UASF, requiring signalling creates a risk of chain splits — if a block doesn’t signal, a non-UASF miner will build upon that, but everyone knows both blocks will be rejected, so that’s an opportunity for attackers to double spend. accepting as many non-signalling blocks as possible (ie, up to 5%) limits that attack,” Towns wrote. “(2) the other consideration is if you start with a longer timeout (timeout=2 years, lockinontimeout=true/false) and then want to speed up the activation, because everyone’s upgraded, markets say they want it, and there’s 6% of miners who are trying to convince everyone bitcoin sucks and we should move to another chain, then we can set (timeout=1 year, lockinontimeout=true).”

“But these miners will create a problem once we reach 5% anyway, right?” Dashjr asked.

“‘Create a problem once we reach 5%’ — yes,” Towns responded, “if there’s >threshold miners they can create a problem; if there’s only 2% or so, this avoids there being a problem if we do the shorter timeout with lockinontimeout=true, then if we hit the timeout, and get 98% of blocks signalling but not 100%, this ensures everyone remains in consensus, and even if it’s the 98% chain that continues with the longest weight, the people who did the bip148-style speedy UASF don’t have to downgrade their software.”

“Given 1021 is the UASF scenario only does it need to be merged until an unlikely point where it is needed?” Folkson asked.

“Yes, it’s only meaningful if ‘old’ nodes run this code,” user ghost43 answered.

In the end, both PRs were merged.

In Summary

BIP 8 (which is a variant of BIP 9) appears to be the most serious activation mechanism at the moment. But there is controversy over whether the activation should be firm, even if it represents the risk of a UASF, denying a veto power to the miners; do it safely with the probability of delaying activation in case of insufficient signaling; or set false as default and if necessary, activate true. The supporters of the first option think that miners should not have to be able to disrupt a community process, while supporters of the second option think a UASF fallback is unnecessary and shows an unjustified imposition since miners have shown acceptance of Taproot.

PR 1021 is a safer general bugfix of BIP 8, since it prevents a chain split in some cases where more than 95 percent but less than 100 percent of all hash power supports the soft fork. 

The next Taproot activation meeting (Tuesday, February 16 at 19:00 UTC) is set to be focused on code review, which will be followed by another meeting to discuss the parameters. As the discussion continues, Bitcoin gets closer to its most significant protocol upgrade in years.

This is a guest post by Solairis. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.


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The Battle For P2SH: The Untold Story Of The First Bitcoin War

The saga of P2SH showcases Bitcoin’s unique dev community, the difficulty in making such changes and the tone for protocol debates ahead.

The post The Battle For P2SH: The Untold Story Of The First Bitcoin War appeared first on Bitcoin Magazine.


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