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Here’s a great explainer of what BIP-324 offers (as I found myself asking that Q):
https://protos.com/bip-324-heres-everything-you-need-to-know-about-the-bitcoin-proposal/
- Bitcoin Improvement Proposal 324 (BIP-324) would add https-like security to Bitcoin. Specifically, the proposal formalizes a way to prevent private metadata from leaking with regular Bitcoin transactions. If adopted, BIP-324 could improve privacy for millions of people.
- Today, Bitcoin users broadcast transactions over unencrypted, unauthenticated connections. Because the data in Bitcoin’s mempool (the way in which information is stored on transactions that have been verified but not yet included in the blockchain) is plain text, eavesdroppers can identify counterparties, detect connections, and even tamper with certain bytes of a connection, such as node flags.
- To seal these leaky connections and introduce authenticated connections to Bitcoin, BIP-324 promises to protect users from man-in-the-middle attacks
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I think of it as the tidal flows of the sea. If the establishment can fine tune the credit expansions and credit contractions then the economic sea will appear relatively stable. Doomers predict a devastating tsunami but the establishment will expand and contract credit with relative skill. Bitcoin is our way of building and contributing to an alternative system; it will take to build out. I personally don’t want the current system to collapse as it would hurt the masses more than it harms the parasites.