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Currently bitcoind sends its debug logs into ~/.bitcoind/debug.log.
When running bitcoind under a process supervisor like daemontools or runit, it is much more convenient to have bitcoind simply spit out any logging messages on its own stdout or stderr; the process supervisor will collect them and send them to the right place.
Could we please have a command-line switch that causes any and all debug information to be printed on the console rather than sent to a file?