Exploring BIP119 And The Way Changes Are Made In Bitcoin Today

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This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine.

In the past few weeks, there has been an effort to push a Bitcoin Improvement Proposal (BIP) forward by the name of CTV or BIP119. In this article I will attempt to do two things. First I’d like to describe the important properties of CTV, and secondly, I’d like to disentangle the two debates that are happening concurrently within the Bitcoin community right now.

In Bitcoin, we should take the “Don’t Trust, Verify” imperative seriously. As such, anything I say in this article should be cross-validated against the original BIP119 text as well as the pull request implementing it.

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