1. Home
  2. Discover
  3. Crypto
  4. Marty Bent

Marty's Ƀent - May 17th, 2021 - Issue #993

Monday, May 17th 2021 - Issue #993

More pools are signaling Taproot
Over the weekend, while everyone, their mother, and their Uncle Marty was caught up in the Elon Musk drama (I hate myself for getting swept up in it), many mining pools began to signal for Taproot activation. Bitcoin Core contributor Andrew Chow is diligently keeping track of the signaling emanating from pools with the help of a data scraper and is kindly reporting on the pools as they begin to signal. If you aren't already, go give him a follow to stay up to date on the activation of Taproot, Bitcoin Core development - particularly HWI development (hardware wallet interface) - and dope Twitch streams where you can watch him write/review code.

According to taproot.watch, it doesn't seem like Taproot will be activating during this difficulty epoch.
As you can tell from some of Andrew's tweets above, some pools are switching their Taproot signaling on and off. One can't be exactly sure as to why pools are doing without them coming out and saying it outright. However, it is a bit disconcerting considering the fact that this was going on during the lead up to SegWit activation. If your Uncle Marty recalls correctly, f2pool was actively playing games with the network during the lead up to SegWit activation and contributed to prolonging that particular activation. Many speculate it was so they could manipulate the price of the futures tokens that were trading around that time when it was unclear whether or not the network was going to fork.

I'm not so sure it makes sense to actively toggle activation signaling on and off this time around because the Taproot upgrade isn't nearly as controversial. Though we should prepare for the worst and not be surprised if some pools do decide to play games. If this does happen to become a reality, it could further validate the notion that this method of activation is subpar in the eyes of the users who would prefer to do a pure User Activated Soft Fork and not depend on miners/pools at all when it comes to activating soft forks.

I am optimistic that Taproot will activate within a few mining epochs after the current epoch. I've been wrong before though. Many times. Obviously, we'll continue keeping you freaks abreast of the activation process as it progresses. 
Final thought...

Nothing like tax day to reinvigorate your passion to make sure Bitcoin succeeds and buries the wasteful, incompetent, and violent federal government. 
Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.
If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.
Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

The Sat Standard - Bitcoin Weekly - May 15 2021

Saturday, May 15, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - May 14th, 2021 - Issue #992

Friday, May 14, 2021

Friday, May 14th 2021 - Issue #992 FREEDOM Been a pretty heady week in Bitcoin land. Pipelines being held ransom with hackers demanding bitcoin as payment. Billionaires poo-poo'ing Bitcoin's

Marty's Ƀent - May 12th, 2021 - Issue #990

Friday, May 14, 2021

Wednesday, May 12th 2021 - Issue #990 Check your privilege, Western Elites Very good friend of the rag and the pod Alex Gladstein dropped a piece for Bitcoin Magazine earlier today that I highly

Marty's Ƀent - May 13th, 2021 - Issue #991

Friday, May 14, 2021

Thursday, May 13th 2021 - Issue #991 Blockchain Commons putting in work Short but important rag today, freaks. Christopher Allen and other individuals have been diligently working on the Blockchain

Marty's Ƀent - May 11th, 2021 - Issue #989

Tuesday, May 11, 2021

Tuesday, May 11th 2021 - Issue #989 Are we at the precipice of the "suddenly" part of currency debasement? A couple of weeks ago we touched on creeping inflation and shrinkflation as the

You Might Also Like

Fetch.ai, SingularityNET, and Ocean Protocol’s planned $7.5 billion ASI token to launch in May

Wednesday, April 17, 2024

Artificial intelligence was one of the leading narratives in the crypto industry during the first quarter of the year. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Claim $AVAX with LayerZero Quest

Wednesday, April 17, 2024

Complete two, easy onchain actions for $AVAX and build your LayerZero onchain reputation. Reputation could help you get the upcoming airdrop Flipside Crypto Hey there, Claim $AVAX when you complete

DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL

Wednesday, April 17, 2024

Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs

DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL

Wednesday, April 17, 2024

Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs

Interpreting the underlying design mechanisms and limitations of the Runes protocol

Wednesday, April 17, 2024

Author: 十四君 Source: https://mp.weixin.qq.com/s/EN8ZdiomQVUQ4WBRZ4GqKA What is Runes? In the past year, the biggest narrative in web3 has been the explosion of the inscription ecosystem, starting with

Analyst predicts low inflows for Hong Kong’s newly approved Bitcoin, Ethereum ETFs

Tuesday, April 16, 2024

Bitcoin and Ethereum ETFs in Hong Kong may struggle due to limited market and high fees - Balchunas ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Bitcoin’s 4th Halving

Tuesday, April 16, 2024

Understanding the significance of halvings, impact on miners and bitcoin's price ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Chinese Top VC Discuss Controversial Topics: Is AI+Crypto and Bitcoin L2 Just Hype? Is Binance Too Monopolistic?

Tuesday, April 16, 2024

This episode of the podcast is organized by Wormhole & Pyth during the Hong Kong Activity Week. The host is Colin Wu, Founder of Wu Blockchain. Guests include BMAN, Co-Founder of ABCDE; Michael,

Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Monday, April 15, 2024

The reported ETF approvals further propel Hong Kong into crypto leadership in Asia. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Nine questions and answers about the Hong Kong Bitcoin and Ethereum Spot ETF

Monday, April 15, 2024

On April 15th, the Hong Kong SFC approved three institutions to issue Bitcoin and Ethereum spot ETFs. Unlike the United States, which has not approved Ethereum ETFs and allows only cash settlement,