Taproot, Bitcoin’s long-anticipated upgrade, has activated

Re:Taproot, Bitcoin’s long-anticipated upgrade, has activated by cgb223 on Monday November 15, 2021 @06:48PM (#29234577)

So if I’m a single supplier and I want to act as a hostile actor in order to negotiate better terms or something, does my refusing to sign mean that _all_ supplier transactions are reversed or at least slowed on chain? Is there an actual attack surface here?

Also, if I’m adding a new supplier in this example, do I have to spin up an entirely new “virtual bank” to do so? Or can I just add them to the current one? What is the user experience there?

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Re:Taproot, Bitcoin’s long-anticipated upgrade, has activated by polyomino on Monday November 15, 2021 @07:15PM (#29234827)

This is a new fundamental building block that would help make these types of scenarios possible. However, by the time end users get an implementation, it will likely be more complicated than a single transaction for the reasons you mention and others.

Also note, as exemplified by altcoins it is always possible to trade off decentralization or security for more features.

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Re:Taproot, Bitcoin’s long-anticipated upgrade, has activated by danlugo92 on Monday November 15, 2021 @08:58PM (#29235740)

You will open a virtual bank with one of the big nodes, say Binance, and they will handle the rest.

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