The docs for `blocksonly` say that "Transactions from the wallet or RPC are not affected" but the code says:

    if (gArgs.GetBoolArg("-blocksonly", DEFAULT_BLOCKSONLY) && gArgs.SoftSetBoolArg("-walletbroadcast", false)) {
        LogPrintf("%s: parameter interaction: -blocksonly=1 -> setting -walletbroadcast=0\n", __func__);
    }

Here's the relevant documentation:

    -blocksonly
       Whether to reject transactions from network peers. Transactions from the
       wallet or RPC are not affected. (default: 0)

    -walletbroadcast
       Make the wallet broadcast transactions (default: 1)

Doesn't that imply that `blocksonly` *does* affect transactions from the wallet?

{
    
    
    
    
    std::set_new_handler(std::terminate);
    LogPrintf("Error: Out of memory. Terminating.\n");
    
    std::terminate();
};
bool AppInitBasicSetup()
{
    
#ifdef _MSC_VER
    
    _CrtSetReportMode(_CRT_WARN, _CRTDBG_MODE_FILE);
    _CrtSetReportFile(_CRT_WARN, CreateFileA("NUL", GENERIC_WRITE, 0, nullptr, OPEN_EXISTING, 0, 0));
    
    _set_abort_behavior(0, _WRITE_ABORT_MSG | _CALL_REPORTFAULT);
#endif
#ifdef WIN32
    
    HeapSetInformation(nullptr, HeapEnableTerminationOnCorruption, nullptr, 0);
#endif
    if (!SetupNetworking())
        return InitError("Initializing networking failed");
#ifndef WIN32
    if (!gArgs.GetBoolArg("-sysperms", false)) {
        umask(077);
    }