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Search options questions only not deleted user 47827
3 votes
1 answer
696 views

How can I follow the progress of miner signaling for Taproot activation during the Speedy Tr...

How can I follow the progress of miner signaling for Taproot activation during the Speedy Trial deployment? Can I use bitcoin-cli to track the signaling progress? This was asked by pox on Mastodon and …
Michael Folkson's user avatar
1 vote
1 answer
258 views

Taproot activates within the next 2 weeks. What could go wrong and what could be done to red...

According to taproot.watch Taproot activates in approximately 10 days (block 709632) at the time of writing (November 4th 2021). What could go wrong with regards to bad case or worst case scenarios? I …
Michael Folkson's user avatar
1 vote
2 answers
282 views

What are the differences between the various MTPs in Bitcoin?

I think there are 3 different MTPs (median time past) in Bitcoin (though this may be incorrect). David Harding said on IRC that there was a MTP in Bitcoin v0.1 (Satoshi's first release). There is also …
Michael Folkson's user avatar
0 votes
1 answer
88 views

Could Bitcoin Core leave the lockinontimeout parameter choice entirely to Bitcoin Core users...

There doesn't appear to be overwhelming consensus on the lockinontimeout (LOT) parameter for the Taproot BIP 8 activation mechanism. I know some would strongly argue against doing this but could Bitco …
Michael Folkson's user avatar
1 vote
1 answer
53 views

Why does the threshold apply to the MUST_SIGNAL phase in revised BIP 8 (lot=true)? Why doesn...

BIP 8 states that: During the MUST_SIGNAL phase, if (2016 - threshold) blocks in the retarget period have already failed to signal, any further blocks that fail to signal are invalid. Why doesn't it …
Michael Folkson's user avatar
0 votes
1 answer
45 views

Why is there no forced signaling during the LOCKED_IN phase of BIP 8(LOT=true)?

Why is there no forced signaling during the LOCKED_IN phase of BIP 8(LOT=true)? During the MUST_SIGNAL phase of BIP 8(LOT=true) a threshold of miners have to signal. The next phase after MUST_SIGNAL i …
Michael Folkson's user avatar
3 votes
2 answers
338 views

Should block height or MTP or a mixture of both be used in a soft fork activation mechanism?

Should block height or MTP (median time past defined in BIP 113) or a mixture of both be used in an activation mechanism like BIP 8 or BIP 9 for defining the timings of the state transitions? What are …
Michael Folkson's user avatar
1 vote
2 answers
240 views

What is the benefit of forced signaling in a soft fork activation mechanism?

What is the benefit of forced signaling in a soft fork activation mechanism? e.g. the MUST_SIGNAL phase in revised BIP 8. I understand the benefits of setting lockinontimeout (LOT) to true (some of th …
Michael Folkson's user avatar
2 votes
0 answers
115 views

Could the Lightning Network encounter any problems as a result of Taproot activating?

I was reading this excellent write up from Laolu Osuntokun on how the light client protocol Neutrino encountered a Taproot related issue on testnet. (Taproot is already active on testnet.) Could the L …
Michael Folkson's user avatar
1 vote
1 answer
142 views

What is the point of miner signaling in a soft fork activation mechanism? What should the th...

What is the point of miner signaling in a soft fork activation mechanism? What should the threshold be on miner signaling? The second part of this question was asked by devrandom on IRC. A question on …
Michael Folkson's user avatar
1 vote
2 answers
208 views

Is there network split risk for Taproot activation with two releases (Bitcoin Core and Bitco...

In this article from Aaron van Wirdum he states there is a risk of a network split with two releases (Bitcoin Core and Bitcoin Taproot) not following exactly the same activation mechanism(s)? Is this …
Michael Folkson's user avatar