Replying to Avatar mike

Fun fact, since Taproot launched on the 14th Nov 2021, cat JPEG inscriptions have bloated the UTXO set from 4GB to 12GB.

N.B. The UTXO set is the list of coins every node runner must keep to verify the validity of each transaction.

In the future, if you choose to prune your node, you must carry this data at least, in order to verify transactions.

This is only going to get worse.
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𝕞ptf 8mo ago

Why on earth did they do taproot?

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mike 8mo ago

We went from 1MB physical blocks to 1.5MB physical blocks.

Taproot compressed the data such that we have 4MB virtual (compressed) block sizes

"Million Weight Units"

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Zaikaboy 8mo ago

Virtual 4mb blocks but usually not so bloated

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mike 8mo ago

🤞

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Zaikaboy 8mo ago

It helps with privacy. It is harder to tell a multi SIG from a standard tx

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M0053 8mo ago

It was really segwit more than taproot that enabled greater use of the blockchain for arbitrary data storage.

But arbitrary data storage had ALWAYS been possible.

This is the main argument FOR the change core is making. Encourage people to put non financial data (and non TX data like anchor hashes) in the last harmful and prunable place.

The serious part is segwit ended up enabling activity that was not anticipated.

To me this is the most salient bit. Every change made has the potential of unintended consequences or even unseen attack surfaces. Even changes to policy or the perceived social contract.

BTW I am NOT anti segwit in any way.