I'm recording a Bitcoin.Review episode today to try to explain Segregated Witness, Discount, related topics and de-fud some aspects.
I will be joined by all star team Andrew Polstra and Adam Gibson.
Drop any questions below.
Discussion
Questions? Plural? With Andrew Polstra? š¤
There will be a lot of āIām not a Cryptographer but...ā
Good to hear! Knowledge is power and freely spreading it is charity.
- Why did we need the discount?
- Why is there no size limit (other than the full block) on discounted tx?
- Does the discount apply for any form of financial tx too, or only non-financial tx like ordinals?
- If there are financial use cases where the discount apply, doesn't that mean that those use cases will also have the advantage of less sat/B than the "normal" small financial tx? (Causing "normal" tx to need to pay more, like we have seen with ordinals lately)
- If the discount was made for financial use cases, doesn't that mean that nodes are supposed to handle blocks of size up to 4MB anyways? And if so aren't they also supposed to handle blocks with ordinal tx?
(Assuming full blocks were accounted for when deciding to upgrade to segwit)
After those topics are discussed, it'd nice to hear one thing or two about quantum safe mechanisms for the near future from you guys.
So can we go back to kilobyte blocks and broadcast transactions via ham radio or nah? Is this the next blocksize war?
Can someone inscribe XOR instructions into the blockchain for safe keeping