Thank God for Bitcoin.
This is a very exciting time to be observing the Bitcoin network.
If at first you fail at micromanaging your own economy, attempt to micromanage the global economy by creating a "global minimum tax".
Precedents matter and a big one is potentially about to be set in the form of the way Taproot is (or isn't) activated.
You know what they say, "The first trillion is the hardest."
@LukeDashjr you said there was talks of scheduling an IRC chat to debate activation methods for core. Has this been planned yet? — ₿enthecarman 🥕 (@benthecarman) January 20, 2021 We can
There are many benefits Taproot could bring this potential wave of new bitcoin users. It would be a shame if those benefits were delayed.
The way in which these BIPs will be activated will set a precedent for future activations of protocol additions.
Escher Hub is particularly cool because the product has the goal of cutting down fiat and bitcoin settlement times while buying/selling bitcoin while increasing buy limits dramatically.
Learn how Schnorr signatures differ from ECDSA signatures, the current algorithm used to generate Bitcoin private-public key pairs. What a Merkelized Abstract Syntax Tree is and how Taproot's construction is different.
While it is exciting to finally see a BIP for these improvements, I believe it is important to temper our excitement with a healthy dose of skepticism and adversarial thinking.
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