Earlier quoted context omitted.
Pointer provenance already existed before, but the standards were contradictory and incomplete. This is an effort to more rigorously nail down the semantics. i.e., the UB already existed, but it was not explicit had to be inferred from the whole text and the boundaries were fuzzy. Remember that anything not explicitly defined by the standard, is implicitly undefined. Also remember, just because you can legally constr…
Pointer provenance was certainly not here in the 80s. That's a more modern creation seeking to extract better performance from some applications at a cost of making others broken/unimplementable. It's not something that exists in the hardware. It's also not a good idea, though trying to steer people away from it proved beyond my politics.
The essential idea of pointer provenance is that it is somehow possible to enumerate all of the uses of a memory location (in a potentially very limited scope). By the time you need to introduce something like "volatile" to indicate to the compiler that there are unknown uses of a variable, you have to concede the point that the compiler needs to be able to track all the known uses within a compiler--and that process, of figuring out known uses, is pointer provenance.
As for optimizations, the primary optimization impacted by pointer provenance is... moving variables from stack memory to registers. It's basically a prerequisite for doing any optimization.
The thing is that traditionally, the pointer provenance model of compilers is generally a hand-wavey "trace dataflow back to the object address's source", which breaks down in that optimizers haven't maintained source-level data dependency for a few decades now. This hasn't been much of a problem in practice, because breaking data dependencies largely requires you to have pointers that have the same address, and you don't really run into a situation where you have two objects at the same address and you're playing around with pointers to their objects in a way that might cause the compiler to break the dependency, at least outside of contrived examples.