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> That's because bitcoin is so centralized these days Citation badly needed. For taproot to rollout, you need wallet providers, exchanges, nodes and miners to

> That's because bitcoin is so centralized these days Citation badly needed. For taproot to rollout, you need wallet providers, exchanges, nodes and miners to agree. There are hundreds/thousands of different participants in each one of these categories across the world. Specifically, 90% of nodes need to signal for it.

323 5y ago
It says right in the article that wallets don't support taproot either at the moment. > Specifically, 90% of nodes need to signal for it. Wrong, 90% of mined blocks need to signal it, not 90% of nodes. Big difference: > at least 90% of the blocks mined in any of the designated two-week difficulty periods "signal" their support for the upgrade, then the activation process can begin. To be more precise: 1,815 out of 2,016 blocks mined within a period have to include a little piece of encoded information that indicates that the miners who mined those blocks are in favor of the upgrade. https://www.coindesk.com/tech/2021/06/12/locked-in-bitcoins-taproot-upgrade-gets-its-90-mandate/ https://www.coindesk.com/tech/2021/06/12/locked-in-bitcoins-...
- Jach 5y ago
  There are a number of ways to achieve consensus, rawtxapp is right in general that many decentralized parties need to agree. For Taproot in particular, it uses BIP 8 (see https://github.com/bitcoin/bips/blob/master/bip-0008.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0008.mediawi... and https://github.com/bitcoin/bips/blob/master/bip-0343.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0343.mediawi... and more generally https://bitcoinmagazine.com/technical/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next https://bitcoinmagazine.com/technical/bip-8-bip-9-or-modern-...) with LockinOnTimeout=true. The effect of this is that miners cannot block the upgrade so long as the (eventual) majority of nodes wishes to have the upgrade, they can only hurry things along and mostly protect the minority of older clients who have yet to upgrade.
fijiaarone 5y ago
In other words: "La la la, I can't hear you". Either admit that bitcoin is centralized, or contend that it isn't. Don't just ask for a footnote.

323 5y ago

It says right in the article that wallets don't support taproot either at the moment. > Specifically, 90% of nodes need to signal for it. Wrong, 90% of mined blocks need to signal it, not 90% of nodes. Big difference: > at least 90% of the blocks mined in any of the designated two-week difficulty periods "signal" their support for the upgrade, then the activation process can begin. To be more precise: 1,815 out of 2,016 blocks mined within a period have to include a little piece of encoded information that indicates that the miners who mined those blocks are in favor of the upgrade. https://www.coindesk.com/tech/2021/06/12/locked-in-bitcoins-taproot-upgrade-gets-its-90-mandate/ https://www.coindesk.com/tech/2021/06/12/locked-in-bitcoins-...

Jach 5y ago
There are a number of ways to achieve consensus, rawtxapp is right in general that many decentralized parties need to agree. For Taproot in particular, it uses BIP 8 (see https://github.com/bitcoin/bips/blob/master/bip-0008.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0008.mediawi... and https://github.com/bitcoin/bips/blob/master/bip-0343.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0343.mediawi... and more generally https://bitcoinmagazine.com/technical/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next https://bitcoinmagazine.com/technical/bip-8-bip-9-or-modern-...) with LockinOnTimeout=true. The effect of this is that miners cannot block the upgrade so long as the (eventual) majority of nodes wishes to have the upgrade, they can only hurry things along and mostly protect the minority of older clients who have yet to upgrade.

fijiaarone 5y ago

In other words: "La la la, I can't hear you". Either admit that bitcoin is centralized, or contend that it isn't. Don't just ask for a footnote.