Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[OutOfMemory]

Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.

One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.

Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.

In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.

In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction.

I like the thought of ChatGPT registering an account on bitcointalk and occasionally taking part in our lil WO discussions, lately.
And $31k !woot!woot! 

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[ImThour]

When the price was stuck at $28k, I called out for it to go up!!! and some a$$hole said it's too good to be true.
Welcome $31k now

[Bitcoin_News_MS]

Bitcoin price reaches $31,000 for the first time since June 2022.

[OutOfMemory]

When the price was stuck at $28k, I called out for it to go up!!! and some a$$hole said it's too good to be true.
Welcome $31k now

Reminds me of my brother in law again, who said Bitcoin will never be sold above $10k ever again (when it was $6k after the 2017 blow-off). (EDIT: nah, i think it was higher, sub $9k-ish or so)
But, if you remind yourself how many people still believe in $$$ (fiat) for such a long time on this planet, the a$$hole-to-bitcoiner ratio turns out clearly in their favour "favour".
Opinions are not facts (My latest unconventional, personal saying of truth btw.)
It's also true for you, just to make it clear  
But that's just uhm... my opinion, you know...

[ChartBuddy]

Explanation

[Negotiation]

$31K in one hour confirmed

This could be the one

got to 30864 which is very close


edit and got to 30936 which is AYH

Yeah, Observe $31k over out soon when the next group is in...
It seems to me that it will cross $31k with a little more deposit left...




Now Done

Edited.

[hisslyness]

Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.

One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.

Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.

In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.

In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction.

I like the thought of ChatGPT registering an account on bitcointalk and occasionally taking part in our lil WO discussions, lately.
And $31k !woot!woot!  

I really hope that doesn't happen. While i am not against using ChatGPT to help answer question, i think a straight copy and paste isn't the best way to utilize such a powerful tool.

There is a post earlier in the thread that pointed towards the lowering of overall IQ. I don't think that trend is going to reverse anytime soon, especially with the advent of ChatGPT and AI.

I mean, did you really understand what Segwit and Taproot is? based on the answer above?, if not, then how would you expect someone else too, right?...

And if you did understand it, i would have really, really, appreciated the response more, if you took the time and wrote what you thought it was/is, based on the ChatGPT response or research you had conducted.

[Gachapin]

$1,000,000 in 63 days.

would love to take the bet against Balaji

[ChartBuddy]

Explanation

[Gachapin]

if you think you will get merited, because you copy stuff from twitter into the WO, you are in the wrong thread.

there is no appreciation for people who just come here and use the WO to farm merits with the least amount of effort.

it's lazy ...and also disrespectful to abuse the community for your gain...  

many WOers don't like that.  Think about it... do you like lazy and disrespectful people??

you come off like a beggar with bad attitudes shouting at everyone to give you money.


how about trying to bring something to the WO by your own writing that has some value to the people here?  And most importantly, don't expect merits for it!  They will come naturally, when people see that you are not here for the merits

[AlcoHoDL]

$1,000,000 in 63 days.

would love to take the bet against Balaji

Me too. I wonder why he did it. Publicity?

[Gachapin]

$1,000,000 in 63 days.

would love to take the bet against Balaji

Me too. I wonder why he did it. Publicity?

PR stunt 100%

[macson]

You are right, we are small users, so no one gives us merit, 

if both of you want to get merit then go to this topic,

https://bitcointalk.org/index.php?topic=5445913.0
https://bitcointalk.org/index.php?topic=5345240.0
https://bitcointalk.org/index.php?topic=5412657.0

don't seek and expect it here...

good luck

[BobLawblaw]

quote author=ChatGPT

NGL, it's a fucking amazing time to be alive; able to run an early, usable LLM assistant on your desktop using the leaked LLaMa models, to be your own personal knowledge base, never mind ChatGPT being the amazing work it is.

Aside: Yes, I know it is crude, puerile, and an absolute meme, but I do often test emergent systems for wokeness simply by asking it "What is the N Word?" - As the language model complexity of the LLaMa models increased, the more LLaMa was prone to just outright "banning me from my own chat". Absolutely hilarious!

65B and I are not on speaking terms.

AT ALL.

+3.3 WOs Merit
+3.3 WOs Merit
+3.3 WOs Merit
+3.3 WOs Merit
+3.3 WOs Merit
+3.3 WOs Merit
+3.3 WOs Merit
<ad-infinitum>

You are right, we are small users, so no one gives us merit,  

Ignored. Fuck off to someplace that cares.

[BitcoinBunny]

Senpai could stick his cock up the bitches' ass and still not get any merit.

Sad times indeed.

[BitcoinBunny]

Speaking of Japan...

I tried sake for the first time recently. It's rather good! 

[ChartBuddy]

Explanation

[Gachapin]

Speaking of Japan...

I tried sake for the first time recently. It's rather good!  

It's very easy to drink.  And although it's rather low on alcohol concentration, it can really fuck you up quickly.

Sometimes it may even alter peoples personality like some psychedelic drug...  

interesting stuff

[ChartBuddy]

Explanation

[Bitcoin_News_MS]

#BTC nears $31,000 ahead of US retail sales data, as #ETH hits highest point since last May

https://twitter.com/BTCTN/status/1646855273900810240?t=Xkp3BrtxssdqDF2GtGNj5Q&s=19