Bitcoin Forum

The next day will be a big day for bitcoin since it looks like Taproot will lock in in about 20-24 hours (124 blocks as of this writing) - barring some craziness.  Like the first halving, lightning etc, I suspect that plenty of people will be watching it closely to mark the occasion.  All in all, this should be a big positive for the ecosystem.

Thanks for bringing this up, but I will say that majority here doesn't heard about this special event as this is more of the technical side. But I do hope that at least many members here will take a look at this event and see what Taproot can bring in the table for all of us. So yes, this is a very positive and welcome development for bitcoin's ecosystem.

I don't think we can compare this with first halving and lightning but it will be interesting to see new addresses adoption rate and probable rise of multisig usage.
It's better to count that in blocks instead oh hours as we saw that delays can always happen, but please check out out Roger Ver aka MemoryDealers red signaling blocks  :D

https://i.imgur.com/RpQ1ZN1.png
https://twitter.com/hampus_s/status/1403297065099218944

technical improvements will probably not get much attention from most people. if you believe the hype, a significant number of people sold off when the FBI "hacked bitcoin", implying that there is at least an expectation that some people don't even understand the technical details from 2009 era Bitcoin v.0.1, never mind taproot/schnorr (it could all easily have been coordinated with insider manipulation at the exchanges, i.e. few traders really sold, hence the price recovering quickly, the story sounds like bs to me). 

What you're talking about will have a 0% effect on the average user who doesn't understand what it's about anyway, not to mention that it's not news that the mainstream media would emphasize at all - for the simple reason that they don't understand such technical things, and if there are no clickbait titles, there are no earnings either.

The next day will be just one in a row in which 90% of those who own Bitcoin will wake up and look at the price - everything else is irrelevant.

it was an honor to hear of an event that was very foreign to my ears, because I had no idea what was being discussed regarding Taproot. I'm interested when seniors discuss this, so can you give me a reading reference to just see information and how this celebration is a hot topic in this thread.

If possible, please share your knowledge with me. by sharing the link for me to read.

thank you

You just need to look in the right areas here like the Development & Technical Discussion area (https://bitcointalk.org/index.php?board=6.0)
To get you started:
Main Taproot proposal thread (https://bitcointalk.org/index.php?topic=5140134.0)
Implementation questions (https://bitcointalk.org/index.php?topic=5338308.msg57037331#msg57037331)

If anyone does not know about Taproot , check at Taproot.watch (https://taproot.watch/). As of writing, 84.18% blocks in 2016 blocks period are signaling-blocks and the threshold to lock in Taproot is 90%, not far from now.

If this lock in procedure is successfully done, the Taproot activation will be activate a softfork in November this year. Read more at About Taproot (https://taproot.watch/about)

• 2017: Segwit hardfork
• 2021: Taproot softfork

Best has yet to come.  :D

I didn't researched more deeply but I know he works with one Chinese mining pool owner and I think it's Viabtc, oh btw check out hashrate and mining pool distribution for his bch coin  :D
Big blocks = centralization.

PS
3 more signaling blocks required for Taproot softfork to lock in.
We live in some interesting times right now.

Tarproot is locked-in with overwhelming majority of miners signalling for it. guess who wasn't signalling, MARA pool (the pool that was censoring transactions!!) and a couple of other random blocks from other pools but we should remember the name MARA pool as the malicious bitcoin pool.

Aren't they signaling taproot? I Checked the Taproot.watch site and saw MARA signaling for taproot(9/20), earlier they didn't tho, but the latest blocks they mined signaling it. Correct me if I'm wrong. But yea, we should stay away from pools that have an initiative to censoring transactions.

easy

1. don't join their system, they will never process your transactions
2. accept "clean" BTC from the people who use their system, then use it in transactions together with normal BTC, normal miners will still process the transaction

et voila, fascist-coin gets converted back into normal BTC

It is not uncertain situation like Segwit lock in in 2017. It was done very smoothly this time. Logically, who does not want the best thing for Bitcoin if they are bitcoin miners or investors. FUD, uncertain situations are part of a bigger game. :)

It is a silent lock-in because media does not know and are busy with Elon Musk, China, etc. They will come back with Taproot in late of this year. I don't believe they don't know about Taproot, and simply don't want to mention about it now.

Taproot activation-related news will be seen more in late of this year, around September perhaps.

they only started randomly mining these signalling blocks after it was certain that the majority of hashrate (98%) is already signalling for it and they were left behind. and still they are a small pool that didn't even fully commit!

this is a good point. they usually publish things that are in the same direction as the market "mood". and right now the mood is more interested in negative news and lies that positive things that are moving bitcoin forward.

Ah, I see. I believe they did it only to make sure the image of their pools is supporting bitcoin decentralization. Well, what can I expect from such kind of pool.

Couldn't agree more. They publish anything that drives more impression based on the peoples' mood. When fud arouses, the bad news spreads faster. when the FOMO begins, all the good things are published.

Perhaps not, but the benefits will be much greater than lightning.  For me the first halving was an interesting thing to be a part of, this is similar.

As far as hours, I considered counting by blocks and (obviously) knew the count, but thought it was more useful to say hours from posting.  :-)

In the short term, I agree it will have little impact on the average user.  In the middle to long term, it will have a tremendous impact on all users whether people realize it yet or not.  Tapscript, Schnorr and Taproot enable a lot of new uses and make many things faster, easier and more private.  It should be huge news.

I found it interesting which places in the mainstream did actually cover it.  The largest one I saw was CNBC  https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html  so it wasn't widely covered from what I could see.

Segwit was a soft fork.
They recently had a press release to state that they're not censoring transactions anymore and are progressively upgrading their servers to signal for Taproot. I'd give them a bit more time for that. There isn't any politics involved this time unlike for Segwit.

I'm curious isn't Marathon Digital a regulated company that is mining blocks based on US law? And didn't they initially claim that their blocks (that do not contain the censored transactions) are in compliance with "U.S. regulatory standards"?
So the question is since they didn't suddenly change location and still are located in US and operate within the same exact US laws, how can they suddenly defy the same laws they claim they were following?

I'm almost certain that there isn't any laws which governs Bitcoin mining? Certain sanctions might prohibit firms based in the US from handling certain transactions but I don't think they have yet to implement it on Bitcoin mining, because it's just ineffective. Seems like they were just doing so to appease the US government. Do CMIIW though.

Anyways, doesn't matter. There isn't any reasonable way to prove that they're not censoring transactions anymore.

Someone living in US and familiar with US law should comment on this, I'm just quoting their own claims that they did what they did based on "U.S. regulatory standards" :P.

It is actually easy to prove with a good level of certainty. It just costs a little bit of money in transaction fees.
What we can do is first figure out what transactions exactly they "censor", for example CoinJoin txs. Then choose a time when fees are low, like now that they are 1 sat/vbyte so that it doesn't cost a lot. Then every time a new block is mined (by someone else) we send a couple of such transactions with higher than normal fee to the mempool so that they are definitely picked up by miners but we have to repeat it since MARA pool has lower hashrate and can not find blocks regularly. After they found a block we can see if it contains the said transaction or not. Repeat it a couple of times to avoid false positives.

In other words if the mempool contained a certain type of transaction with high priority fee and a mining pool ignored it when they found a block that means they are censoring that transaction type, otherwise if 99% of the times they are picking that tx up they aren't censoring anything.

Yeah, I know but it doesn't prove beyond reasonable doubt. They can give tons of excuse for something like this happening as well. Having the mining pool openly state that they're censoring transactions is not a good look however you look at it, just negative PR. They also don't reveal the kinds of transactions which they actively censor, and given the fact that they find the blocks on an irregular basis, it makes it all the more harder to prove that they're not doing something like this. Of course, there isn't any reason why they should continue censoring it, because it is just ineffective.

Regardless, I think MARA pool's decision to signal for Taproot shouldn't really be associated with their past censorship behavior. They're doing so because there isn't any reason why they shouldn't.

check the source code :)

Laws within the US that governs Bitcoin mining related firms or its related activities.

all I'm saying is that I doubt any such thing will be more effective than the code.

the code restricts the writing of any gangster ordinances, so the code is at a higher level of enforcement