BitcoinMechanic [ARCHIVE] / is on Nostr

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🗓️ Active from 2021-04-10 to 2021-04-10
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Last Notes

2023-06-07 22:51:39

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📅 Original date posted:2021-04-09
📝 Original message:Taproot activation meeting on IRC - Tuesday 13th April 19:00 UTC
The focus of the meeting will be ratifying the Taproot activation plan previously discussed at the March 16th meeting (aka 2021-03 Plan Y as summarized here):
https://docs.google.com/spreadsheets/d/1K3pmH09yXLTHGV3wqFZGR3ei7QVwtdEwo0PjI2NHD3w/edit#gid=0
While there was never any consensus reached on the LOT parameter, there appears to be consensus on BIP8 and the remaining parameters, and more than sufficient support for LOT=True to proceed safely.
Miners will have 18 months in which to signal and accelerate activation. If not, taproot will activate regardless.
With a majority of the economy running this it will guarantee eventual lock-in of taproot with the smallest chance of a chain split.
As a reminder, the channel is also open for ongoing discussion 24/7, and there is a web chat client here:
https://webchat.freenode.net/?channel=##taproot-activation
Best,
Bitcoin Mechanic
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