Incentives are aligned. Taproot will help increase adoption and thus, increase Bitcoin’s value. What selfish miner running a business on razor-thin margins would
not want for Bitcoin’s technology to improve, especially in ways that increase transaction capacity? The money must flow!
I think that the reason why incentives got misaligned with Segwit v0 was that it broke Jihan’s covert ASICBOOST. This led Bitmain and Bitmain-dominated mining pools into an unholy forking alliance with malicious parties who wanted to fork-attack Bitcoin for other reasons. (Not that Jihan
wasn’t malicious—and not that he didn’t probably have multiple motives; I simply point out here that he had a
short-term, stupidly myopic economic interest in protecting his covert ASICBOOST capability.)
Many miners also may have another reason to desire Schnorr, MuSig, Taproot, etc.: Anything that
increases Bitcoin’s blockchain privacy on a mass scale decreases the potential for coercive pressure on miners to join
transaction-blacklisting, “KYC”-enforcing mining pools.Just for a gut check,
@philipma1957: Would you prefer a future in which you may be coerced to use your hashpower to attack Bitcoin’s fungibility—or a future in which such attacks are less feasible, or
(beyond Taproot-based technologies) even impossible?
Wow what a hard question to answer.
BTC is still an infant.
It is quite small. Well under 400,000,000,000 cap I think it is 327 billion at the moment.
So if I keep it hidden with clever tech do I attract many governments that attempt to shut me down ?
So is the wise path to play along until it gets too big to fail?
ie a 5 trillion market cap seems hard to attack. Especially if 4 trillion is in the hands of large investors.
So I am inclined to not go hidden and paint a target on my back when it comes to BTC.
I am pro shitcoin (just a few are needed) for this reason.
XMR or some other coin can be the sneaky coin that paints a target on its back.
LTC and Doge can do small transactions.
This thread has a lot of BTC maximumist (sp) people I am not one of them.
1 coin makes it easier for governments of the world to control.
As in your question we know that governments will be doing this.
Poll
