Taproot has put Bitcoin in dire straights and why Soft Forks are usually bad

This page summarizes the projects mentioned and recommended in the original post on reddit.com/r/dogecoindev

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  • dogecoin

    very currency

    This effects us right now see https://github.com/dogecoin/dogecoin/discussions/2264 where the dogecoin devs are proposing 1.21 as a softfork upgrade. Not only do softforks in general have the risks I just mentioned, but the devs are intending to introduce segwit either in 1.21 or subsequently. Segwit can and will be gamed just like taproot has been. IMO we need to set dogecoin on a straightforward path of casting aside segwit and lightning and pursuing transaction throughput by reducing blocktime and increasing blocksize. Let the devs know how you feel about segwit and following bitcoin's (risky) development path in general, in the github link above.

  • mempool

    Explore the full Bitcoin ecosystem with mempool.space, or self-host your own instance with one-click installation on popular Raspberry Pi fullnode distros including Umbrel, Raspiblitz, Start9, and more!

    Why? Because Bitcoin has committed itself to never scaling their blockchain. I have been monitoring bitcoin's blockchain using https://mempool.space/ for several months. Usually their blockchain is backed up ~30 blocks is common. Now I check it and it is backed up around 200mb or the typical equivalent of 200 blocks (since ordinals are using full 4mb capacity, this is less than 200 blocks now). And this is when there is almost no price action, when the price action goes up this congestion will be worse, much worse. Bitcoin will become unusable for anyone except gigachads (Elon predicted it lol), which is where this leads. You can track ordinals effecting blocks here: https://dune.com/dataalways/ordinals


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