On anyone-can-spend Pay-to-Taproot outputs before activation
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Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#2That’s really fascinating, Ive always found it interesting how some arts become lost in cryptocurrency. Like if you ever read a book on the topic you become aware of so many manual things you can do that wallets don't surface to you.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#3Is there any hard fork scheduled in the near future for Bitcoin, with more important upgrades?
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#4Ah, a soft fork focused on SegWit transactions. Every time I try and follow along with the latest in Bitcoin I just don't get that excited. I think that's part of the point, though. "Hard money" and all.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#5Ah, a soft fork focused on SegWit transactions. Every time I try and follow along with the latest in Bitcoin I just don't get that excited. I think that's part of the point, though. "Hard money" and all.
Hard money doesn't exhibit 15000% annualized inflation in a one-month period. That Weimar Republic behavior.
Don't get me wrong, I'm not mad about that - it's made me tons of money on the short side. I'm just saying, it's bad money.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#6That’s really fascinating, Ive always found it interesting how some arts become lost in cryptocurrency. Like if you ever read a book on the topic you become aware of so many manual things you can do that wallets don't surface to you.
Like what? Curious to hear about some interesting manual interactions you can do with the network that isn't exposed in typical wallets.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#7Is there any hard fork scheduled in the near future for Bitcoin, with more important upgrades?
No. There's an old wishlist of items but there is not plan to ever implement them or any other hard forking behaviors.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#8Ah, a soft fork focused on SegWit transactions. Every time I try and follow along with the latest in Bitcoin I just don't get that excited. I think that's part of the point, though. "Hard money" and all.
Hard money doesn't exhibit 15000% annualized inflation in a one-month period. That Weimar Republic behavior. Don't get me wrong, I'm not mad about that - it's made me tons of money on the short side. I'm just saying, it's bad money.
I'm looking forward to third party assets being tradable on the Bitcoin network again.
My contribution to the gradient of behaviors on that network was one where the Bitcoin asset was only used to cover transaction fees for the actual money being traded.
The whole "merchant adoption" thing was always a squirrel to me. When merchants will accept stable value assets more readily, or use those stable value assets for settlement, just like the US regulator greenlighted a few months ago.
Re: On anyone-can-spend Pay-to-Taproot outputs before activation
#9Earlier quoted context omitted.
Hard money doesn't exhibit 15000% annualized inflation in a one-month period. That Weimar Republic behavior. Don't get me wrong, I'm not mad about that - it's made me tons of money on the short side. I'm just saying, it's bad money.
I'm looking forward to third party assets being tradable on the Bitcoin network again. My contribution to the gradient of behaviors on that network was one where the Bitcoin asset was only used to cover transaction fees for the actual money being traded. The whole "merchant adoption" thing was always a squirrel to me. When merchants will accept stable value assets more readily, or use those stable value assets for se…
Genuine curiosity: why would you trade third-party assets on the Bitcoin network when you could do it infinitely more efficiently on any of the competing chains? It's by far the least efficient blockchain ergo the least efficient way to trade third-party assets.
[edit] Direct fees are lower than they used to be, and the energy cost is about now up to about $100-120 per transaction. While that's being socialized across block reward for now, when that ends, it will have to be born directly by customers or see the network become less secure.