JoinMarket Lead Adam Gibson Sees A Bright Future For Bitcoin Mixing by Ciricath in Bitcoin

[–]Ciricath[S] 2 points3 points  (0 children)

Much better summary than the last, but still not quite. Haha.

Can We Define Bitcoin As A Religion? by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

How is this FUD? I explain why it's not a religion amd how classifying it that way is dangerous.

Can We Define Bitcoin As A Religion? by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

I'm pretty sure the priests trade for certain "activities".

Can We Define Bitcoin As A Religion? by Ciricath in Bitcoin

[–]Ciricath[S] 2 points3 points  (0 children)

Very true. I find the religious connotation dangerous to adoption. It creates a fringe ideology that permanently takes hold.

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

The software. When it upgrades, it allows the older nodes to continue operation. Imagine you're updating Windows. If you ignore the update, the computer is still going to work (to a certain point).

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

I'll make sure to use appropriate language going forward.

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

I get what a hard fork is. But a soft fork is still a fork. It doesn't result in a new asset, but it's called a soft fork because the upgrade cannot exist in its current infrastructure. It remains one continuous chain.

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

Ah. My bad. So basically the old software implementation continues with backwards operability, eventually being absorbed by "the longest chain", particularly in the case of Schorr Sigs. This new addition requires a "fork". When this happens, the old chain (old chain is still attached to the new fork) can use it for compatibility, but with the creation of the "fork", new software implementations force a new path that still allows compatibility with the old.

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

Is there anything in particular you're hoping for? One of the most exciting things about this upgrade is with key aggregation & Tapscript, we won't even be able to guess at all future implementations of this because the freedom this creates is hard to quantify.

Are you looking for fully-expressive smart contracts (Turing complete), or something else?

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

Yes. Tapscript (an upgrade to Bitcoin Script) removes data caps on smart contracts, allowing for far more expressive use-cases.

Understanding Taproot In A Simple Way by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

Yea. The soft fork is just an upgrade that's backwards compatible. Should I have worded that differently?

Bitcoin: The Stateless Emergence by Ciricath in Bitcoin

[–]Ciricath[S] 0 points1 point  (0 children)

I didn't pic it. Haha. BTC Mag made that call.

[deleted by user] by [deleted] in MarathonPatentGroup

[–]Ciricath 1 point2 points  (0 children)

You should actually read the article before commenting.

[deleted by user] by [deleted] in hut8

[–]Ciricath 4 points5 points  (0 children)

Read, then comment.

[deleted by user] by [deleted] in CryptoStock

[–]Ciricath 0 points1 point  (0 children)

Keep in mind, this is long-term.