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Topic: Taproot lock in in about 20-22 hours - page 2. (Read 316 times)

legendary
Activity: 3234
Merit: 5637
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June 11, 2021, 07:51:20 AM
#5
The next day will be a big day for bitcoin since it looks like Taproot will lock in in about 20-24 hours...

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.
legendary
Activity: 3430
Merit: 3080
June 11, 2021, 07:30:30 AM
#4
Unlike SegWit, Taproot has less publication on public media, so i don't expect lots of people celebrate Taproot lock in.

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). 
legendary
Activity: 2212
Merit: 7064
June 11, 2021, 06:50:27 AM
#3
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  Cheesy


https://twitter.com/hampus_s/status/1403297065099218944
hero member
Activity: 2842
Merit: 772
June 11, 2021, 06:46:46 AM
#2
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.
legendary
Activity: 4228
Merit: 1313
June 11, 2021, 06:37:49 AM
#1
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.
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