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[202.12.124.150]) by gmr-mx.google.com with ESMTPS id 3f1490d57ef6-e8b7ae5f5b7si702300276.1.2025.07.17.02.00.08 for (version=TLS1_3 cipher=TLS_AES_256_GCM_SHA384 bits=256/256); Thu, 17 Jul 2025 02:00:08 -0700 (PDT) Received-SPF: pass (google.com: domain of pete@petertodd.org designates 202.12.124.150 as permitted sender) client-ip=202.12.124.150; Received: from phl-compute-04.internal (phl-compute-04.phl.internal [10.202.2.44]) by mailfout.stl.internal (Postfix) with ESMTP id 7B5B01D001A8; Thu, 17 Jul 2025 05:00:07 -0400 (EDT) Received: from phl-mailfrontend-01 ([10.202.2.162]) by phl-compute-04.internal (MEProxy); Thu, 17 Jul 2025 05:00:07 -0400 X-ME-Sender: X-ME-Received: X-ME-Proxy-Cause: gggruggvucftvghtrhhoucdtuddrgeeffedrtdefgdeitddujecutefuodetggdotefrod ftvfcurfhrohhfihhlvgemucfhrghsthforghilhdpuffrtefokffrpgfnqfghnecuuegr ihhlohhuthemuceftddtnecusecvtfgvtghiphhivghnthhsucdlqddutddtmdenucfjug hrpeffhffvvefukfhfgggtuggjsehgtderredttddunecuhfhrohhmpefrvghtvghrucfv ohguugcuoehpvghtvgesphgvthgvrhhtohguugdrohhrgheqnecuggftrfgrthhtvghrnh eptdegheelhfeugedtgedukedvtdekgfduheevhfehkeevieeigeffjeejjedvfeeinecu ffhomhgrihhnpehpvghtvghrthhouggurdhorhhgnecuvehluhhsthgvrhfuihiivgeptd enucfrrghrrghmpehmrghilhhfrhhomhepphgvthgvsehpvghtvghrthhouggurdhorhhg pdhnsggprhgtphhtthhopedvpdhmohguvgepshhmthhpohhuthdprhgtphhtthhopegrlh hitggvgigsthhonhhgsehgmhgrihhlrdgtohhmpdhrtghpthhtohepsghithgtohhinhgu vghvsehgohhoghhlvghgrhhouhhpshdrtghomh X-ME-Proxy: Feedback-ID: i525146e8:Fastmail Received: by mail.messagingengine.com (Postfix) with ESMTPA; Thu, 17 Jul 2025 05:00:06 -0400 (EDT) Received: by localhost (Postfix, from userid 1000) id 3411E9FC3B; Thu, 17 Jul 2025 09:00:03 +0000 (UTC) Date: Thu, 17 Jul 2025 09:00:03 +0000 From: Peter Todd To: /dev /fd0 Cc: Bitcoin Development Mailing List Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal Message-ID: References: <26b96fb1-d916-474a-bd23-920becc3412cn@googlegroups.com> <2c16b2d0-ac82-4c10-8404-02001bda2658n@googlegroups.com> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha512; protocol="application/pgp-signature"; boundary="nuLSSTBsWPgoGyI+" Content-Disposition: inline In-Reply-To: <2c16b2d0-ac82-4c10-8404-02001bda2658n@googlegroups.com> X-Original-Sender: pete@petertodd.org X-Original-Authentication-Results: gmr-mx.google.com; dkim=pass header.i=@messagingengine.com header.s=fm2 header.b=Ul2NxrOu; spf=pass (google.com: domain of pete@petertodd.org designates 202.12.124.150 as permitted sender) smtp.mailfrom=pete@petertodd.org Precedence: list Mailing-list: list bitcoindev@googlegroups.com; contact bitcoindev+owners@googlegroups.com List-ID: X-Google-Group-Id: 786775582512 List-Post: , List-Help: , List-Archive: , List-Unsubscribe: , X-Spam-Score: -0.8 (/) --nuLSSTBsWPgoGyI+ Content-Type: text/plain; charset="UTF-8" Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Fri, Jul 11, 2025 at 08:44:09PM -0700, /dev /fd0 wrote: > > P2TR UTXO count=C2=B9: 57,956,440 (34.7% of UTXO count) >=20 > The fact that 86% of these UTXOs are under 1000 sats suggests that the us= e=20 > cases envisioned by protocol developers before taproot activation are sti= ll=20 > struggling to gain adoption.=20 We created a new address standard and asked everyone to eventually transiti= on to it. Some brand new use-cases creating lots of UTXOs popped up, and decided to implement it on day zero. Just like we asked. The fact that existing code, deployed in production, takes much longer to upgrade should not surprise anyone. That's not a failure of taproot. It's j= ust inevitable. Even P2PKH addresses are still fairly commonly used, even thoug= h they're inherently quite a lot more expensive in terms of fees. --=20 https://petertodd.org 'peter'[:-1]@petertodd.org --=20 You received this message because you are subscribed to the Google Groups "= Bitcoin Development Mailing List" group. To unsubscribe from this group and stop receiving emails from it, send an e= mail to bitcoindev+unsubscribe@googlegroups.com. To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/= aHi7k1-UFLHHr3pt%40petertodd.org. --nuLSSTBsWPgoGyI+ Content-Type: application/pgp-signature; name="signature.asc" -----BEGIN PGP SIGNATURE----- iQIzBAEBCgAdFiEE0RcYcKRzsEwFZ3N5Lly11TVRLzcFAmh4u5AACgkQLly11TVR LzdD3A/+MZrpQZobRVshj9PfqE4iF3Acb7Cd5J3KfT4TROs5xzGYgI5L3zmctTLy odYNgp+tkf4Su3R5dPHa5EVebATJzx/CVjzjUwTd66vykEV6D4ThEEXhNqXLIPzO caBOMPUu6DcFbGx6kqS/81ZREHhkN4s6jTuE7FztZ4tdHanBvFThgtRsGXzg3cY9 nNiTuPAUnMeJL7dpdZQkyX2p8mVxbJD89Q9y+DX3dshG5uNnmRiDO5sDABLajL2a wvIkkDp6/XXIyGHFWwVkg5M8k/coLUWlfGTqOGcwf2oXPkO3A8WxeGpbSL9APBXA N79hgmdP3LymfSmEg7pc0bqgW0/7vqG6W537JRDRfKEvkxU/P+p997qrSxLQaobS u+MIpp8FRVe889w7DXbLcB6LjObP5pafOLeB5woz5GhAu1V/yP5AyrrNqIiW5vQN 7WFyBs4k4JeEfZwq5ED6OiP1i3/VX2+cEca6+1jHNkhNoX6PLVSN1DS/wISU6909 DcfI0neTac9j4bk+bs1Xl9lh/8/6hlEK12NZ5TSoUXFSmjaW0ATaqLvCekY4vFFv HBakkMqlB9jfP+WFBEf6kklVoNMW2qHV1Ic5QP+50JRpA4CMeJUdEY8pR04kDLTy SH5ZGJWw3dLvGlR4vYMINtiuCtgkV8BjRWUQyguq787Qlh1SvvA= =ekYX -----END PGP SIGNATURE----- --nuLSSTBsWPgoGyI+--