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nitesh 2y ago

I thought Taproot was a soft fork for improving privacy. Turns out it's for increased Bitcoin network usage and for miners making more money.

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fiatjaf 2y ago

What are you referring to?

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nitesh 2y ago

Current mempool and onchain fees.

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MF_HODL 2y ago

And just in time for the halving!

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fiatjaf 2y ago

Well, no one else was using it.

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Carman 2y ago

You can do ordinals and inscriptions without Taproot. Not sure why people echo this, it just false.

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nitesh 2y ago

I know but they got popular after Taproot.

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Carman 2y ago

They were invented after Taproot lmao

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nitesh 2y ago

Yeah which was my point initially.

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Carman 2y ago

You could do ordinals and inscriptions since the launch of bitcoin, just because someone came up with an idea after something doesn't mean it predicates it

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Peter Todd 2y ago

Ordinal inscriptions don't need taproot. They were perfectly possible years ago. And the BRC-20 stuff that's actually driving fees right now barely puts anything on chain.

Hell, I even published a tool, pre-segwit, that could publish arbitrary text to the chain with standard transactions using P2SH.

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nitesh 2y ago

I know. They all just got popular after Taproot.

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tegila.js 2y ago

That’s Blockstream vision for #bitcoin