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21, 69, 420 sats
...the only way to tip
I'm so bullish on SN, it starts to feel like bitcoin inside bitcoin, lol
Can't even convince people of bitcoin. Let alone SN then. One friend of mine said you need an audience to make it worthwhile. And everyone is on these centralized platforms like YouTube. How SN wants to compete with that? (I am paraphrasing, don't remember exactly our conversation. But it was mostly about monetization iirc.)
Tried to explain that it's much easier to get off zero here + no ads (= no privacy invasion) + rewards for curating content but didn't work for some reason.
For example, you just earned 20ct in today's price for simply posting a link. If that's not nothing, I don't know what is.
Sure, but then you get the host of grifters that is attracted by the herd of gamblers lobbying for their next scam platforms on Bitcoin. Also, if a big portion of the economic activity were to be going on in one of the drivechains, there would be pressure on wallet projects to add support. That would increase the complexity of wallets and workload for developers. I see how it might extend the capabilities of the Bitcoin ecosystem, but I’m not sure I like the second-order effects.
Super aggressive tax policy put into place in the US wrt crypto-related capital gains (50% or more); along with accompanying laws for exchanges to implement more draconian KYC and transaction reporting. Also, an attempt at requiring disclosure of all crypto-related holdings of non-trivial size, but I don't think that this will pass.
I honestly don't know whether bitcoiners will find these things surprising or not. They shouldn't, but I'm afraid that they will.
AMAZING POST!
Natalia you should get all the credit /zaps from this.
Just for taking the time to write all this you deserve a lot of sats. I will send you some anyways for this work.
@k00b please add this to the "guide" page, will be good for new users to read.
The time it's taking to see m of n Taproot multisig support integrated in mainstream wallets is something that irks me too, but I've recently learned that MuSig2 is simply not the tool for the job.
Apparently in Taproot there are 2 kinds of multisig schemes: aggregate signatures and threshold signatures. Aggregate signatures look like regular single-sig signatures but are always n of n. MuSig2 is a protocol that co-signing parties can follow to produce this kind of signatures, but from the MuSig2 draft you linked:
Enter threshold signatures. These are the m of n multi signatures we are all familiar with. My understanding is that Taproot threshold signatures will be done with FROST, but apparently it's not yet standardized or even proved cryptographically safe.
Worth commenting that I'm not sure if Taproot threshold signatures will have a lower onchain footprint, like Taproot aggregate signatures do (I can't read the FROST paper, to be honest).
Edit: happy to be corrected/provided with more information about this topic.