Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Nathan Cook via bitcoin-dev]

The problem with >100kb transactions isn't that there are a lot of
already-signed transactions out there, or even that there are good use
cases for them, but that such transactions and use cases could exist, and
there is no way of disallowing them without possibly costing someone a lot
of money. Slowly reducing the limit doesn't really solve this problem.

I propose to make them hard enough to confirm that no-one will use them
without a very good reason. Just require that any block containing an
outsized transaction be mined at a greater difficulty – quadratically
greater. Such a block is more expensive *for the block's miner*, not just
for the other miners, or for other nodes. Anyone who really, really needs
to use a 400kb transaction can pay a miner to mine it.

Quadratic hashing isn't risky when it is inherently limited by a
corresponding reduction in the rate at which the "bad" blocks can be
generated. That said, there's nothing I can see which is actually good
about large, expensive to validate transactions, and so >1MB transactions
should remain invalid, as they are today.


Nathan Cook

On 2 June 2017 at 22:40, Jared Lee Richardson via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> > Maybe there's some hole in Jorge's logic and scrapping blockmaxsize has
> quadratic hashing risks, and maybe James' 10KB is too ambitious; but even
> if so, a simple 1MB tx size limit would clearly do the trick.  The broader
> point is that quadratic hashing is not a compelling reason to keep
> blockmaxsize post-HF: does someone have a better one?
>
> I think this is exactly the right direction to head.  There are
> arguments to be made for various maximum sizes... Maybe the limit
> could be set to 1mb initially, and at a distant future block
> height(years?) automatically drop to 500kb or 100kb?  That would give
> anyone with existing systems or pre-signed transactions several years
> to adjust to the change.  Notification could (?possibly?) be done with
> a non-default parameter that must be changed to continue to use 100kb
> - <1mb transactions, so no one running modern software could claim
> they were not informed when that future date hits.
>
> I don't see any real advantages to continuing to support transactions
> larger than 100kb excepting the need to update legacy use cases /
> already signed transactions.
>
> On Tue, May 30, 2017 at 8:07 PM, Jacob Eliosoff via bitcoin-dev
>  wrote:
> > Maybe there's some hole in Jorge's logic and scrapping blockmaxsize has
> > quadratic hashing risks, and maybe James' 10KB is too ambitious; but
> even if
> > so, a simple 1MB tx size limit would clearly do the trick.  The broader
> > point is that quadratic hashing is not a compelling reason to keep
> > blockmaxsize post-HF: does someone have a better one?
> >
> >
> >
> > On May 30, 2017 9:46 PM, "Jean-Paul Kogelman via bitcoin-dev"
> >  wrote:
> >>
> >> That would invalidate any pre-signed transactions that are currently out
> >> there. You can't just change the rules out from under people.
> >>
> >>
> >> On May 30, 2017, at 4:50 PM, James MacWhyte via bitcoin-dev
> >>  wrote:
> >>
> >>
> >>>
> >>>  The 1MB classic block size prevents quadratic hashing
> >>> problems from being any worse than they are today.
> >>>
> >>
> >> Add a transaction-size limit of, say, 10kb and the quadratic hashing
> >> problem is a non-issue. Donezo.
> >>
> >> ___
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> >>
> >>
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> >>
> >
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Jared Lee Richardson via bitcoin-dev]

> Maybe there's some hole in Jorge's logic and scrapping blockmaxsize has 
> quadratic hashing risks, and maybe James' 10KB is too ambitious; but even if 
> so, a simple 1MB tx size limit would clearly do the trick.  The broader point 
> is that quadratic hashing is not a compelling reason to keep blockmaxsize 
> post-HF: does someone have a better one?

I think this is exactly the right direction to head.  There are
arguments to be made for various maximum sizes... Maybe the limit
could be set to 1mb initially, and at a distant future block
height(years?) automatically drop to 500kb or 100kb?  That would give
anyone with existing systems or pre-signed transactions several years
to adjust to the change.  Notification could (?possibly?) be done with
a non-default parameter that must be changed to continue to use 100kb
- <1mb transactions, so no one running modern software could claim
they were not informed when that future date hits.

I don't see any real advantages to continuing to support transactions
larger than 100kb excepting the need to update legacy use cases /
already signed transactions.

On Tue, May 30, 2017 at 8:07 PM, Jacob Eliosoff via bitcoin-dev
 wrote:
> Maybe there's some hole in Jorge's logic and scrapping blockmaxsize has
> quadratic hashing risks, and maybe James' 10KB is too ambitious; but even if
> so, a simple 1MB tx size limit would clearly do the trick.  The broader
> point is that quadratic hashing is not a compelling reason to keep
> blockmaxsize post-HF: does someone have a better one?
>
>
>
> On May 30, 2017 9:46 PM, "Jean-Paul Kogelman via bitcoin-dev"
>  wrote:
>>
>> That would invalidate any pre-signed transactions that are currently out
>> there. You can't just change the rules out from under people.
>>
>>
>> On May 30, 2017, at 4:50 PM, James MacWhyte via bitcoin-dev
>>  wrote:
>>
>>
>>>
>>>  The 1MB classic block size prevents quadratic hashing
>>> problems from being any worse than they are today.
>>>
>>
>> Add a transaction-size limit of, say, 10kb and the quadratic hashing
>> problem is a non-issue. Donezo.
>>
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>>
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>
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Luke Dashjr via bitcoin-dev]

On Wednesday 31 May 2017 1:22:44 AM Jorge Timón via bitcoin-dev wrote:
> Why is it
> https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1661
> not enough at this point?
> Why the need for a transaction size limit?

Because the bottleneck is hashing the transaction, which costs (in CPU time) 
based on its size. Maybe it would make sense to factor sigops into the limit, 
though?

On Wednesday 31 May 2017 1:09:26 AM Jean-Paul Kogelman via bitcoin-dev wrote:
> On May 30, 2017, at 4:50 PM, James MacWhyte wrote:
> > Add a transaction-size limit of, say, 10kb and the quadratic hashing
> > problem is a non-issue. Donezo.
>
> That would invalidate any pre-signed transactions that are currently out
> there. You can't just change the rules out from under people.

Make it 100kB and I think we'd be okay. Those have always been policy-
forbidden so there should be no expectation they'd be acceptable in the 
future.

While we're at it, I suggest also specifying a minimum transaction size as 
well. The raw minimum possible is 60 bytes, but any sane output would need at 
least a hash, so I'd say make the minimum be 8 (60 + 160-bit hash) bytes?

Luke
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Jean-Paul Kogelman via bitcoin-dev]

That would invalidate any pre-signed transactions that are currently out there. 
You can't just change the rules out from under people.


> On May 30, 2017, at 4:50 PM, James MacWhyte via bitcoin-dev 
>  wrote:
> 
>  
>>  The 1MB classic block size prevents quadratic hashing
>> problems from being any worse than they are today.
>> 
> 
> Add a transaction-size limit of, say, 10kb and the quadratic hashing problem 
> is a non-issue. Donezo.
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Jorge Timón via bitcoin-dev]

On Wed, May 31, 2017 at 1:50 AM, James MacWhyte  wrote:
>
>>
>>  The 1MB classic block size prevents quadratic hashing
>> problems from being any worse than they are today.
>>
>
> Add a transaction-size limit of, say, 10kb and the quadratic hashing problem
> is a non-issue. Donezo.

Why is it 
https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1661
not enough at this point?
Why the need for a transaction size limit?
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[James MacWhyte via bitcoin-dev]

>  The 1MB classic block size prevents quadratic hashing
> problems from being any worse than they are today.
>
>
Add a transaction-size limit of, say, 10kb and the quadratic hashing
problem is a non-issue. Donezo.
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Jorge Timón via bitcoin-dev]

My understanding is that you cannot possibly violate the 1 MB block
size rule without also violating the 4 MB weight rule.
Regarding size alone, the only check we care about if we accept segwit is:

https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L2891 [size4]

If that doesn't fail due to excessive non-witness data, then there's no way that

https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L2681 [size1]

would have failed before due to excessive non-witness data.
If I understood it correctly when I was explained, if I remember
correctly, that last check is really just an optimization or a
protection against DoS invalid blocks. If the size without any witness
data is bigger than 1/4 the max_weight, then the max_weight check is
certain to fail as well without having to look at any witness data at
that validation stage (assuming the failure is due to excessive
non-witness data).

I think you are not referring to the 1 mb size limit but to related
one for sigops:

https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L2704
[sigops1]

whose segwit parallel is in:

https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1661
[sigops4]

I believe the situation is similar in checking before knowing anything
about the witness data just in case that's already too much. In fact,
here is clearer because MAX_BLOCK_SIGOPS_COST is used for both (and
WITNESS_SCALE_FACTOR is used for the optimization case).

So what I would do in a hardfork after segwit activation would be to
simply equal MAX_BLOCK_BASE_SIZE=MAX_BLOCK_WEIGHT/WITNESS_SCALE_FACTOR
for size1, and increase MAX_BLOCK_WEIGHT and MAX_BLOCK_ SIGOPS_COST
proportionally for size4 and sigops4 respectively (well, the sigops
const for sigops1 as well).

If I understood segwit correctly, I believe that even though it is not
activated yet, you could remove both the size1 and sigops1 checks and
your node would still not accept invalid blocks by pre-bip141 rules,
your node would just spend more time on invalid blocks due to
currently excessive size/sigops, because it would only realize at a
later validation stage. Sorry for the redundancy about the validation
stage.

But it is not unlikely that I'm missing something. If I am wrong about
this I am spreading misinformation about segwit in several channels,
so I'm very interested in corrections to my statements in this mail.

On Tue, May 30, 2017 at 11:24 PM, Mark Friedenbach  wrote:
> The 1MB classic block size is not redundant after segwit activation.
> Segwit prevents the quadratic hashing problems, but only for segwit
> outputs. The 1MB classic block size prevents quadratic hashing
> problems from being any worse than they are today.
>
> Mark
>
> On Tue, May 30, 2017 at 6:27 AM, Jorge Timón via bitcoin-dev
>  wrote:
>> Why not simply remove the (redundant after sw activation) 1 mb size
>> limit check and increasing the weight limit without changing the
>> discount or having 2 limits?
>>
>>
>> On Wed, May 24, 2017 at 1:07 AM, Erik Aronesty via bitcoin-dev
>>  wrote:
>>> Personally, I would prefer if a 2MB lock-in that uses BIP103 for the timing.
>>>
>>> I think up to 20% per year can be absorbed by averages in bandwidth/CPU/RAM
>>> growth, of which bandwidth seems the most constraining.
>>>
>>> - Erik
>>>
>>>
>>> On Tue, May 23, 2017 at 4:23 PM, Luke Dashjr via bitcoin-dev
>>>  wrote:

 In light of some recent discussions, I wrote up this BIP for a real 2 MB
 block
 size hardfork following Segwit BIP148 activation. This is not part of any
 agreement I am party to, nor anything of that sort. Just something to
 throw
 out there as a possible (and realistic) option.

 Note that I cannot recommend this to be adopted, since frankly 1 MB blocks
 really are still too large, and this blunt-style hardfork quite risky even
 with consensus. But if the community wishes to adopt (by unanimous
 consensus)
 a 2 MB block size hardfork, this is probably the best way to do it right
 now.
 The only possible way to improve on this IMO would be to integrate it into
 MMHF/"spoonnet" style hardfork (and/or add other unrelated-to-block-size
 HF
 improvements).

 I have left Author blank, as I do not intend to personally champion this.
 Before it may be assigned a BIP number, someone else will need to step up
 to
 take on that role. Motivation and Rationale are blank because I do not
 personally think there is any legitimate rationale for such a hardfork at
 this
 time; if someone adopts this BIP, they should complete these sections. (I
 can
 push a git branch with the BIP text if someone wants to fork it.)

 
 BIP: ?
 Layer: Consensus (hard fork)
 Title: Post-segwit 2 MB block size hardfork
 Author: FIXME
 

Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Mark Friedenbach via bitcoin-dev]

The 1MB classic block size is not redundant after segwit activation.
Segwit prevents the quadratic hashing problems, but only for segwit
outputs. The 1MB classic block size prevents quadratic hashing
problems from being any worse than they are today.

Mark

On Tue, May 30, 2017 at 6:27 AM, Jorge Timón via bitcoin-dev
 wrote:
> Why not simply remove the (redundant after sw activation) 1 mb size
> limit check and increasing the weight limit without changing the
> discount or having 2 limits?
>
>
> On Wed, May 24, 2017 at 1:07 AM, Erik Aronesty via bitcoin-dev
>  wrote:
>> Personally, I would prefer if a 2MB lock-in that uses BIP103 for the timing.
>>
>> I think up to 20% per year can be absorbed by averages in bandwidth/CPU/RAM
>> growth, of which bandwidth seems the most constraining.
>>
>> - Erik
>>
>>
>> On Tue, May 23, 2017 at 4:23 PM, Luke Dashjr via bitcoin-dev
>>  wrote:
>>>
>>> In light of some recent discussions, I wrote up this BIP for a real 2 MB
>>> block
>>> size hardfork following Segwit BIP148 activation. This is not part of any
>>> agreement I am party to, nor anything of that sort. Just something to
>>> throw
>>> out there as a possible (and realistic) option.
>>>
>>> Note that I cannot recommend this to be adopted, since frankly 1 MB blocks
>>> really are still too large, and this blunt-style hardfork quite risky even
>>> with consensus. But if the community wishes to adopt (by unanimous
>>> consensus)
>>> a 2 MB block size hardfork, this is probably the best way to do it right
>>> now.
>>> The only possible way to improve on this IMO would be to integrate it into
>>> MMHF/"spoonnet" style hardfork (and/or add other unrelated-to-block-size
>>> HF
>>> improvements).
>>>
>>> I have left Author blank, as I do not intend to personally champion this.
>>> Before it may be assigned a BIP number, someone else will need to step up
>>> to
>>> take on that role. Motivation and Rationale are blank because I do not
>>> personally think there is any legitimate rationale for such a hardfork at
>>> this
>>> time; if someone adopts this BIP, they should complete these sections. (I
>>> can
>>> push a git branch with the BIP text if someone wants to fork it.)
>>>
>>> 
>>> BIP: ?
>>> Layer: Consensus (hard fork)
>>> Title: Post-segwit 2 MB block size hardfork
>>> Author: FIXME
>>> Comments-Summary: No comments yet.
>>> Comments-URI: ?
>>> Status: Draft
>>> Type: Standards Track
>>> Created: 2017-05-22
>>> License: BSD-2-Clause
>>> 
>>>
>>> ==Abstract==
>>>
>>> Legacy Bitcoin transactions are given the witness discount, and a block
>>> size
>>> limit of 2 MB is imposed.
>>>
>>> ==Copyright==
>>>
>>> This BIP is licensed under the BSD 2-clause license.
>>>
>>> ==Specification==
>>>
>>> Upon activation, a block size limit of 200 bytes is enforced.
>>> The block weight limit remains at 400 WU.
>>>
>>> The calculation of block weight is modified:
>>> all witness data, including both scriptSig (used by pre-segwit inputs) and
>>> segwit witness data, is measured as 1 weight-unit (WU), while all other
>>> data
>>> in the block is measured as 4 WU.
>>>
>>> The witness commitment in the generation transaction is no longer
>>> required,
>>> and instead the txid merkle root in the block header is replaced with a
>>> hash
>>> of:
>>>
>>> 1. The witness reserved value.
>>> 2. The witness merkle root hash.
>>> 3. The transaction ID merkle root hash.
>>>
>>> The maximum size of a transaction stripped of witness data is limited to 1
>>> MB.
>>>
>>> ===Deployment===
>>>
>>> This BIP is deployed by flag day, in the block where the median-past time
>>> surpasses 1543503872 (2018 Nov 29 at 15:04:32 UTC).
>>>
>>> It is assumed that when this flag day has been reached, Segwit has been
>>> activated via BIP141 and/or BIP148.
>>>
>>> ==Motivation==
>>>
>>> FIXME
>>>
>>> ==Rationale==
>>>
>>> FIXME
>>>
>>> ==Backwards compatibility==
>>>
>>> This is a hardfork, and as such not backward compatible.
>>> It should not be deployed without consent of the entire Bitcoin community.
>>> Activation is scheduled for 18 months from the creation date of this BIP,
>>> intended to give 6 months to establish consensus, and 12 months for
>>> deployment.
>>>
>>> ==Reference implementation==
>>>
>>> FIXME
>>>
>>>
>>>
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>>
>>
>>
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Jacob Eliosoff via bitcoin-dev]

I'd like to know this too.  Is it just that a 4MB blockmaxweight would
theoretically allow ~4MB blocks (if ~all witness data), which is too big?
Or is there a more subtle reason we still need blockmaxsize after a HF?


On May 30, 2017 9:28 AM, "Jorge Timón via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:

Why not simply remove the (redundant after sw activation) 1 mb size
limit check and increasing the weight limit without changing the
discount or having 2 limits?


On Wed, May 24, 2017 at 1:07 AM, Erik Aronesty via bitcoin-dev
 wrote:
> Personally, I would prefer if a 2MB lock-in that uses BIP103 for the
timing.
>
> I think up to 20% per year can be absorbed by averages in
bandwidth/CPU/RAM
> growth, of which bandwidth seems the most constraining.
>
> - Erik
>
>
> On Tue, May 23, 2017 at 4:23 PM, Luke Dashjr via bitcoin-dev
>  wrote:
>>
>> In light of some recent discussions, I wrote up this BIP for a real 2 MB
>> block
>> size hardfork following Segwit BIP148 activation. This is not part of any
>> agreement I am party to, nor anything of that sort. Just something to
>> throw
>> out there as a possible (and realistic) option.
>>
>> Note that I cannot recommend this to be adopted, since frankly 1 MB
blocks
>> really are still too large, and this blunt-style hardfork quite risky
even
>> with consensus. But if the community wishes to adopt (by unanimous
>> consensus)
>> a 2 MB block size hardfork, this is probably the best way to do it right
>> now.
>> The only possible way to improve on this IMO would be to integrate it
into
>> MMHF/"spoonnet" style hardfork (and/or add other unrelated-to-block-size
>> HF
>> improvements).
>>
>> I have left Author blank, as I do not intend to personally champion this.
>> Before it may be assigned a BIP number, someone else will need to step up
>> to
>> take on that role. Motivation and Rationale are blank because I do not
>> personally think there is any legitimate rationale for such a hardfork at
>> this
>> time; if someone adopts this BIP, they should complete these sections. (I
>> can
>> push a git branch with the BIP text if someone wants to fork it.)
>>
>> 
>> BIP: ?
>> Layer: Consensus (hard fork)
>> Title: Post-segwit 2 MB block size hardfork
>> Author: FIXME
>> Comments-Summary: No comments yet.
>> Comments-URI: ?
>> Status: Draft
>> Type: Standards Track
>> Created: 2017-05-22
>> License: BSD-2-Clause
>> 
>>
>> ==Abstract==
>>
>> Legacy Bitcoin transactions are given the witness discount, and a block
>> size
>> limit of 2 MB is imposed.
>>
>> ==Copyright==
>>
>> This BIP is licensed under the BSD 2-clause license.
>>
>> ==Specification==
>>
>> Upon activation, a block size limit of 200 bytes is enforced.
>> The block weight limit remains at 400 WU.
>>
>> The calculation of block weight is modified:
>> all witness data, including both scriptSig (used by pre-segwit inputs)
and
>> segwit witness data, is measured as 1 weight-unit (WU), while all other
>> data
>> in the block is measured as 4 WU.
>>
>> The witness commitment in the generation transaction is no longer
>> required,
>> and instead the txid merkle root in the block header is replaced with a
>> hash
>> of:
>>
>> 1. The witness reserved value.
>> 2. The witness merkle root hash.
>> 3. The transaction ID merkle root hash.
>>
>> The maximum size of a transaction stripped of witness data is limited to
1
>> MB.
>>
>> ===Deployment===
>>
>> This BIP is deployed by flag day, in the block where the median-past time
>> surpasses 1543503872 (2018 Nov 29 at 15:04:32 UTC).
>>
>> It is assumed that when this flag day has been reached, Segwit has been
>> activated via BIP141 and/or BIP148.
>>
>> ==Motivation==
>>
>> FIXME
>>
>> ==Rationale==
>>
>> FIXME
>>
>> ==Backwards compatibility==
>>
>> This is a hardfork, and as such not backward compatible.
>> It should not be deployed without consent of the entire Bitcoin
community.
>> Activation is scheduled for 18 months from the creation date of this BIP,
>> intended to give 6 months to establish consensus, and 12 months for
>> deployment.
>>
>> ==Reference implementation==
>>
>> FIXME
>>
>>
>>
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>
>
>
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Re: [bitcoin-dev] Hypothetical 2 MB hardfork to follow BIP148

[Erik Aronesty via bitcoin-dev]

Personally, I would prefer if a 2MB lock-in that uses BIP103 for the
timing.

I think up to 20% per year can be absorbed by averages in bandwidth/CPU/RAM
growth, of which bandwidth seems the most constraining.

- Erik


On Tue, May 23, 2017 at 4:23 PM, Luke Dashjr via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> In light of some recent discussions, I wrote up this BIP for a real 2 MB
> block
> size hardfork following Segwit BIP148 activation. This is not part of any
> agreement I am party to, nor anything of that sort. Just something to throw
> out there as a possible (and realistic) option.
>
> Note that I cannot recommend this to be adopted, since frankly 1 MB blocks
> really are still too large, and this blunt-style hardfork quite risky even
> with consensus. But if the community wishes to adopt (by unanimous
> consensus)
> a 2 MB block size hardfork, this is probably the best way to do it right
> now.
> The only possible way to improve on this IMO would be to integrate it into
> MMHF/"spoonnet" style hardfork (and/or add other unrelated-to-block-size HF
> improvements).
>
> I have left Author blank, as I do not intend to personally champion this.
> Before it may be assigned a BIP number, someone else will need to step up
> to
> take on that role. Motivation and Rationale are blank because I do not
> personally think there is any legitimate rationale for such a hardfork at
> this
> time; if someone adopts this BIP, they should complete these sections. (I
> can
> push a git branch with the BIP text if someone wants to fork it.)
>
> 
> BIP: ?
> Layer: Consensus (hard fork)
> Title: Post-segwit 2 MB block size hardfork
> Author: FIXME
> Comments-Summary: No comments yet.
> Comments-URI: ?
> Status: Draft
> Type: Standards Track
> Created: 2017-05-22
> License: BSD-2-Clause
> 
>
> ==Abstract==
>
> Legacy Bitcoin transactions are given the witness discount, and a block
> size
> limit of 2 MB is imposed.
>
> ==Copyright==
>
> This BIP is licensed under the BSD 2-clause license.
>
> ==Specification==
>
> Upon activation, a block size limit of 200 bytes is enforced.
> The block weight limit remains at 400 WU.
>
> The calculation of block weight is modified:
> all witness data, including both scriptSig (used by pre-segwit inputs) and
> segwit witness data, is measured as 1 weight-unit (WU), while all other
> data
> in the block is measured as 4 WU.
>
> The witness commitment in the generation transaction is no longer required,
> and instead the txid merkle root in the block header is replaced with a
> hash
> of:
>
> 1. The witness reserved value.
> 2. The witness merkle root hash.
> 3. The transaction ID merkle root hash.
>
> The maximum size of a transaction stripped of witness data is limited to 1
> MB.
>
> ===Deployment===
>
> This BIP is deployed by flag day, in the block where the median-past time
> surpasses 1543503872 (2018 Nov 29 at 15:04:32 UTC).
>
> It is assumed that when this flag day has been reached, Segwit has been
> activated via BIP141 and/or BIP148.
>
> ==Motivation==
>
> FIXME
>
> ==Rationale==
>
> FIXME
>
> ==Backwards compatibility==
>
> This is a hardfork, and as such not backward compatible.
> It should not be deployed without consent of the entire Bitcoin community.
> Activation is scheduled for 18 months from the creation date of this BIP,
> intended to give 6 months to establish consensus, and 12 months for
> deployment.
>
> ==Reference implementation==
>
> FIXME
>
>
>
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