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

Marty's Ƀent - November 11th, 2021 - Issue #1111

Thursday, November 11th 2021 - Issue #1111

Taproot activation is upon us
It's been a minute since we talked about taproot in this weird dark corner of the Internet. As of right now, we are 321 blocks away from the much awaited for upgrade being activated. Instead of focusing on the incredible potential that comes with the improvements in scriptability, data efficiency, privacy, and usability that will come with Taproot and Schnorr signatures, we'd like to use this issue to focus on setting appropriate expectations.

Taproot and Schnorr are going to be absolute boons for bitcoin usability that allow individuals to do so much more with their UTXOs. However, it is important to understand that these benefits aren't going to be immediate. They are going to come to market slowly over time as the software gets implemented into wallets and other services. Many are expecting Taproot to get activated over the weekend and all its potential benefits to be realized immediately. This is simply not the case and it is important that this fact is understood.

Bitcoin is a cathedral that is being built out and will continue to be built out for generations to come. Taproot and Schnorr represent new tools that we will be able to use to build out the cathedral in a more ornate fashion. However, this type of building can only begin when the tools are made available and not a second earlier.

The activation is a massive win, but it only the beginning of a new chapter. Keep your nose to the grindstone and get ready to play with some new toys.

Onward!  
Final thought...

Everything dies baby, that's a fact.
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

Marty's Ƀent - November 10th, 2021 - Issue #1110

Thursday, November 11, 2021

Wednesday, November 10th 2021 - Issue #1110 A full on assault from all angles As COP26, the UN climate change conference attended by the world's most prominent hypocritical virtue signalers, has

Marty's Ƀent - November 9th, 2021 - Issue #1109

Tuesday, November 9, 2021

Tuesday, November 9th 2021 - Issue #1109 A neural network is developing between Lightning nodes Above is a visualization of the current Lightning Network topography made up of ~16000 Lightning Nodes

The Sat Standard - Bitcoin Weekly - Nov 6 2021

Saturday, November 6, 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 - November 5th, 2021 - Issue #1108

Saturday, November 6, 2021

Friday, November 5th 2021 - Issue #1108 The mass of men lead lives of planned desperation From the perspective of a US citizen, the news of the week has revolved around the climate summit, well

Marty's Ƀent -November 4th, 2021 - Issue #1107

Friday, November 5, 2021

Thursday, November 4th 2021 - Issue #1107 It's getting harder to deny we are living through a controlled demolition Hard to believe that it's November 4th, 2021 already. The time has flown by

You Might Also Like

El Salvador defies IMF, continues Bitcoin purchases amid market downtrend

Monday, March 10, 2025

El Salvador's Bitcoin holdings grow to $504 million, challenging IMF directives amid sharp price declines. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …

Monday, March 10, 2025

Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO for a Cronos Strategic Reserve; Texas's Senate passed bitcoin reserve bill SB-21 ͏ ͏ ͏

Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics

Monday, March 10, 2025

On the evening of February 19th at 12 PM UTC and lasting until 12 PM UTC on February 20th, Vitalik Buterin, the founder of Ethereum, was invited to participate in a flash text interview on Tako (a

Donald Trump Creates U.S. Bitcoin Reserve

Monday, March 10, 2025

March 10th, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Donald Trump Creates US Bitcoin Reserve Diddy Shows 'Kindness' To Sam Bankman-Fried Robinhood Conducts $1M Crypto Trivia

Bitcoin’s realized volatility surges in as traders face extreme price swings

Sunday, March 9, 2025

Volatility clustering in Bitcoin reveals the impact of turbulent rallies and sharp pullbacks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)

Sunday, March 9, 2025

Ms. Sun Xueling, Minister of State, Ministry of Home Affairs of Singapore, said that cryptocurrency fraud cases accounted for a quarter of the total loss amount involved in fraud last year. ͏ ͏ ͏ ͏ ͏ ͏

Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy

Saturday, March 8, 2025

Trump brands the Biden era as a crypto setback, .President Trump vows to make America the Bitcoin leader, ending Operation Chokepoint 2.0 and bolstering crypto strategies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⚡ incentive → click → sale

Saturday, March 8, 2025

PLUS: the best links, events, and jokes of the week → ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Weekly Project Updates: World Network Launches Chat Feature, Zora Set to Introduce Its Native Token, and Trump Ann…

Saturday, March 8, 2025

Sam Altman's blockchain project, World Network, has launched World Chat, a “mini-app” integrated into the World App wallet. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Treasury Secretary Scott Bessent hints at future US Bitcoin reserve acquisition plans

Friday, March 7, 2025

Federal government considers expanding Bitcoin holdings without taxpayer funds; official discussions underway in Washington. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏