The Bitcoin core development community has reacted strongly to the new transaction relay policy

Recently, the Bitcoin Core team released a statement regarding the development and transaction relay policy, sparking extensive discussions within the Bitcoin community. This statement has been likened by some opponents to the infamous 'New York Agreement', and its core content is to introduce a built-in transaction relay system.

This move is closely related to the previous proposal to remove the OP-Return block limit. In fact, it is the Bitcoin community's response to emerging applications such as inscriptions and runes. These applications cleverly utilize the OP-Return block to store content in Bitcoin blocks, effectively circumventing the block limit.

The Bitcoin community has therefore split into two factions: one faction, represented by a certain client, is the extreme conservatives who view inscriptions as spam transactions and have launched filters to refuse to package such transactions; the other faction, led by the Core team, is the moderates who propose to lift the restrictions on OP-Return, allowing these transactions to be officially recorded on the blockchain.

The newly launched trading relay system aims to prevent DoS attacks and accelerate transaction propagation. It allows users to send transactions to the relay first, rather than directly to miners. This method helps filter out spam transactions without forcing users to comply.

However, there are disagreements within the community regarding the definition of "garbage transactions." Conservatives believe that inscriptions are garbage and should be banned; moderates argue that transactions should not be censored as long as they are paid for normally, they are considered legal transactions.

The Core team emphasizes that the Bitcoin network is defined by its users, and they have no authority to enforce any policies. However, given the dominant position of the Core client, this decision may impact the market share of other transaction Relay services.

Supporters argue that this policy is beneficial for the security and censorship-resistant nature of Bitcoin. They point out that, with technological advancements, it is not difficult for the Bitcoin blockchain to store a small amount of data, which also aligns with Satoshi Nakamoto's practice of leaving information in the genesis block.

Opponents argue that this is a compromise to miners, neglecting the interests of users. However, supporters counter that inscription users are also Bitcoin users and should not be excluded.

Overall, this policy reflects the Bitcoin community's changing attitude towards emerging applications and its thoughts on the future development direction of the network.