1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
|
Delivery-date: Thu, 17 Jul 2025 03:04:17 -0700
Received: from mail-yb1-f188.google.com ([209.85.219.188])
by mail.fairlystable.org with esmtps (TLS1.3) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256
(Exim 4.94.2)
(envelope-from <bitcoindev+bncBDRYHVHZTUGRBEUV4PBQMGQEQ4JH6TY@googlegroups.com>)
id 1ucLTM-00049u-Nc
for bitcoindev@gnusha.org; Thu, 17 Jul 2025 03:04:17 -0700
Received: by mail-yb1-f188.google.com with SMTP id 3f1490d57ef6-e73290d75a8sf1216877276.1
for <bitcoindev@gnusha.org>; Thu, 17 Jul 2025 03:04:16 -0700 (PDT)
ARC-Seal: i=2; a=rsa-sha256; t=1752746650; cv=pass;
d=google.com; s=arc-20240605;
b=NndSXkKD4qs0T/XvpMelf7tTT7TApBydYhcOVYxe6vVtHekFE//pzuTilctvW8oCUD
KKgr7zGRt7uC1Os6MIXkvPiL8eyrlQDRTE6fUhnNS79HczDS3CrxdNt1nB6MNYXTAWEk
NTSB+zs0lhtPr7K1HJLNQVs21KHxORnWOU2pmM6mIrlAGSDLD+AEVv+DbThsr1OjeLd7
0BXcRgCZA31ucLCK1/8qo1IekYSfVDunOPsXwaVXTsnWBAg7wvyecdDSObE1p5/OOCuK
zXD5YZM/z5e8NtHBRLuNfx7F7rICZipg3ma9E77NlAGQwc1Ocj0G8NgpWvRpeGXJSSuv
SHbA==
ARC-Message-Signature: i=2; a=rsa-sha256; c=relaxed/relaxed; d=google.com; s=arc-20240605;
h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post
:list-id:mailing-list:precedence:in-reply-to:content-disposition
:mime-version:references:message-id:subject:cc:to:from:date
:feedback-id:sender:dkim-signature;
bh=Aj0+uEUpJkVKPbI07riN7jCBK9TQGNgDgY5BAOgt3y8=;
fh=jsCe9Zn6UcXG6ZD394Qa7E8k/VjR6gg76SwwefbxfwA=;
b=CiunXKdH2NG7JXF9v9zg9apw1ch9yV0odJpb6VELlq1+lieX4CCT3SQ1C7mbVkZ2Dg
A9QOcGlbj+QYLpX91Fwcyr7mnV/VyyBDg2JFHLCC1/uycm5EzBUXhQ232rSRE4vnpaA5
Oe+dms2hNUxjkL6Y15WpFLIfBJiU9D2sVPG2W/8mQQWWPeWnrp3een1/0w6u6Kc92/H1
gdAOqYwYH9OY5z4TYIRLEYN+aFg+6oIpE0gS+TeFzDVTliTDLJo4ZsOBMeC169PfJ4Py
Hks60tko+vFPwSwyTigXEDaUqF76m0QWdxuY6PWSp2Mj37PpNAK9Sc915sVb3VYSNllJ
R6cg==;
darn=gnusha.org
ARC-Authentication-Results: i=2; 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
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
d=googlegroups.com; s=20230601; t=1752746650; x=1753351450; darn=gnusha.org;
h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post
:list-id:mailing-list:precedence:x-original-authentication-results
:x-original-sender:in-reply-to:content-disposition:mime-version
:references:message-id:subject:cc:to:from:date:feedback-id:sender
:from:to:cc:subject:date:message-id:reply-to;
bh=Aj0+uEUpJkVKPbI07riN7jCBK9TQGNgDgY5BAOgt3y8=;
b=vBvfb0g5m57HM4SXlKvit07puloY36qhO3dBl3yuQYB4Fi6wuS3cXu9r1W/OdEl9Bi
8U4hx3G/KeEMJYqXokfU5o9MSLnilfn6aw/WH3dq3aeauwdhe13VrnYqGU3sqw3/yVYs
tz3reOFDU+cU6A99b2CgA+iQ6pNGsRj47DBW9ontb98MSK4cgPaFweUu7l1l2za/KjB3
C8Sj0hevqlO+TT83oumLTqegkhvNiOGyZFdrCd0rRjOApBUC+GpesoN+GTf0AkbgADDw
vmZDG4JfZtc89uUbiBLcpc8KFN7o4Khx6dYftNSNdXAuXAVIyOZUvWARVtmm4+n4xQJY
jfMA==
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
d=1e100.net; s=20230601; t=1752746650; x=1753351450;
h=list-unsubscribe:list-subscribe:list-archive:list-help:list-post
:list-id:mailing-list:precedence:x-original-authentication-results
:x-original-sender:in-reply-to:content-disposition:mime-version
:references:message-id:subject:cc:to:from:date:feedback-id
:x-beenthere:x-gm-message-state:sender:from:to:cc:subject:date
:message-id:reply-to;
bh=Aj0+uEUpJkVKPbI07riN7jCBK9TQGNgDgY5BAOgt3y8=;
b=tNLgA9ixOAo8jtVvaHVKuBhI1D6DJSme4G5qllsHu8CU2CQUKEdxJ0RycJh/f2dEF8
L+3cHHG7gg7UlGfTMeaqm+ufIU5OQ8GEs7J0S1NnPzb/5reQZg0uXDtmOB8/rURhr7D/
eVDYQSgP9CvKI5lC3N9dKQV1CBs7+ZarFaFCStoTWSebsBv3ZktYo0ewOmp5i38LXsr+
dFHiLqvqSqjfEG9ClCJct2oKu7YuIB723LI2vpry86LrhqNfumSSllY7hQ5RZSXhvCM/
iWMTwfESTfZ69RLAlGBF6AnVTU/7l34xE+fwhfEcfYfAtuMisjbrCfWJBAxsIR92t9RM
pSkg==
Sender: bitcoindev@googlegroups.com
X-Forwarded-Encrypted: i=2; AJvYcCUuAY2yoMi5ZJM48sh+kBCYDNAnJVrgcpDN3rKlfwGv+l9FdWcevROTnwG4VHhO5hd5EAS7+uxF0Han@gnusha.org
X-Gm-Message-State: AOJu0YzomejTkLk5SHip6lW1JlcuRkC25cVtaDtDASL3MhlEVsvOS4zE
VrsI4uPgwn+WuFGGWikjlnjdn4Grf7PXBhFMOFwpX+HM/SIJHpNZ5R3T
X-Google-Smtp-Source: AGHT+IEv7ScrDSXWvfCzHyOEHMNcmUGtxA5sBsji3cgoAm1gwsyAiocjHKafGKdNHxpPrZBzlZRwqQ==
X-Received: by 2002:a05:6902:1b0e:b0:e85:bf11:4992 with SMTP id 3f1490d57ef6-e8bc2484cc3mr6521346276.31.1752746649682;
Thu, 17 Jul 2025 03:04:09 -0700 (PDT)
X-BeenThere: bitcoindev@googlegroups.com; h=AZMbMZeypJ9oPBgyoPu/B3Wnv7ihlQcm8zLR7YlME/h1oTAieA==
Received: by 2002:a25:dc8a:0:b0:e7d:8991:61bf with SMTP id 3f1490d57ef6-e8bd455e3e0ls843431276.1.-pod-prod-01-us;
Thu, 17 Jul 2025 03:04:02 -0700 (PDT)
X-Received: by 2002:a05:690c:4905:b0:70c:b882:305 with SMTP id 00721157ae682-718351ae978mr89891107b3.36.1752746642473;
Thu, 17 Jul 2025 03:04:02 -0700 (PDT)
Received: by 2002:a05:690c:4684:b0:710:fccf:6901 with SMTP id 00721157ae682-71834b57adams7b3;
Thu, 17 Jul 2025 02:00:09 -0700 (PDT)
X-Received: by 2002:a05:690c:46ca:b0:70e:73ce:80de with SMTP id 00721157ae682-71835185a29mr78989927b3.25.1752742808295;
Thu, 17 Jul 2025 02:00:08 -0700 (PDT)
ARC-Seal: i=1; a=rsa-sha256; t=1752742808; cv=none;
d=google.com; s=arc-20240605;
b=lJ9q8rlqvH1pVogutmdVGIomDVVGW79/bNWPRq7H2OrBKyIMLKPoOY94CrxgkbEoYR
JnQbUIf+AxxcqjjRcPAeaMd/+emhH6glm1W//0W9r634ytNhdhC5/w4xN6D5Cnf17lGb
KVUIw2178yPM22UuA+Rxme4v4EunjPJYe3XonkTOEeGBTD4Aqw2OFI/maxr5vpUVDtgj
taAwBwiDj5rPpM+R+oKLGyATIyG7N0zdlss2ObHkMZtcLx08nxgpcy+NI5GB/qasT2ho
AG4gAkl6bVN9zsMoqqAFXqTOtmsvXz0NRdlcm63HbNH9qw0yfBCcTWqf9HLsIRP1Emnz
mYTQ==
ARC-Message-Signature: i=1; a=rsa-sha256; c=relaxed/relaxed; d=google.com; s=arc-20240605;
h=in-reply-to:content-disposition:mime-version:references:message-id
:subject:cc:to:from:date:feedback-id:dkim-signature;
bh=2ULVykrDW/ViFSoo7IBeTq9TiwlOcJg9Ot18WmAPUEM=;
fh=+67N2uHR2MfeB757DuDnNuhtYMQ1l3OX1mrsWyqvKgo=;
b=U4vGDOkvxGMfXnO5/0ghcTZ3XOnJ2AG1ixlhb8kXdn/Zwu3e6wgcpPGz4Oo3C0nupG
WCiQHqCZP/KEXur1cWip5P1QTvcimTxbd+EiYYYYx0shjKYAiYbKFfga7Wnlc/2XI4pp
/CFzY2WLiGS3ZvxRVfH1ON81X7vTKHw3USgz/Cxkr9TFj7CmT6OF+lzBtYOn3m1ITxxq
Y3K9SKFLkzxM0DMOTjzdQVOt62Wvdszo22mVztIL0zgc8pzROaZwVnkDMxhZP32wS/6E
UYlwwbHdrX4LxXD+TaUfxBGGQ37WEPd/fJ10SVOuKfSOQLqVtCgYejcgiR6k0hsjW6sn
BufQ==;
dara=google.com
ARC-Authentication-Results: i=1; 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
Received: from fout-b7-smtp.messagingengine.com (fout-b7-smtp.messagingengine.com. [202.12.124.150])
by gmr-mx.google.com with ESMTPS id 3f1490d57ef6-e8b7ae5f5b7si702300276.1.2025.07.17.02.00.08
for <bitcoindev@googlegroups.com>
(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: <xms:l7t4aGcS7enpDNC_ResHx12qodcMNWcxX5ndNT9ZiO836h7kZViQjA>
<xme:l7t4aFdpbPArIxV8jHfPJlyo5ls7suelH35Dr8V8debkSE_WoF_Rww0H7DzQm7V5c
a5kgEg5QIY7QM6jAJs>
X-ME-Received: <xmr:l7t4aJOjlCtiElMHSbUdjt_Q1_DwfFyIgpyfuj9mEORHszlqZH8pnwJpa5M>
X-ME-Proxy-Cause: gggruggvucftvghtrhhoucdtuddrgeeffedrtdefgdeitddujecutefuodetggdotefrod
ftvfcurfhrohhfihhlvgemucfhrghsthforghilhdpuffrtefokffrpgfnqfghnecuuegr
ihhlohhuthemuceftddtnecusecvtfgvtghiphhivghnthhsucdlqddutddtmdenucfjug
hrpeffhffvvefukfhfgggtuggjsehgtderredttddunecuhfhrohhmpefrvghtvghrucfv
ohguugcuoehpvghtvgesphgvthgvrhhtohguugdrohhrgheqnecuggftrfgrthhtvghrnh
eptdegheelhfeugedtgedukedvtdekgfduheevhfehkeevieeigeffjeejjedvfeeinecu
ffhomhgrihhnpehpvghtvghrthhouggurdhorhhgnecuvehluhhsthgvrhfuihiivgeptd
enucfrrghrrghmpehmrghilhhfrhhomhepphgvthgvsehpvghtvghrthhouggurdhorhhg
pdhnsggprhgtphhtthhopedvpdhmohguvgepshhmthhpohhuthdprhgtphhtthhopegrlh
hitggvgigsthhonhhgsehgmhgrihhlrdgtohhmpdhrtghpthhtohepsghithgtohhinhgu
vghvsehgohhoghhlvghgrhhouhhpshdrtghomh
X-ME-Proxy: <xmx:l7t4aMKtDJP4suCEhP4n_zMvwpqPoygDbTLlTuEx9_a9zuW3wyYwTg>
<xmx:l7t4aKGQNJPsHl1kfXj9jKH6VOrloLgDuGRIHJqnQsZO7IL6o2CxeA>
<xmx:l7t4aES4hMOzdDEIo76-GNdk_k1T1JERxISS9x2HYRCe3ctCg4sbZQ>
<xmx:l7t4aGF4V_HrjEAkCj0OVkZbw4QpC1vHJJ_EA8gQOr6QU76kp0Le_Q>
<xmx:l7t4aBIVqburmcOrNunr9ieokG0mYAfBJsW_-jYKs4bgxjL8WoUwNO_N>
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 <pete@petertodd.org>
To: /dev /fd0 <alicexbtong@gmail.com>
Cc: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal
Message-ID: <aHi7k1-UFLHHr3pt@petertodd.org>
References: <26b96fb1-d916-474a-bd23-920becc3412cn@googlegroups.com>
<CAPfvXf+E0YDzqY_jsGVoc4KKh_Kgsp-p20wNAD05tv_rMNG2sA@mail.gmail.com>
<a40c2b1a-1164-4794-a6d5-79d0b97296aa@murch.one>
<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: <bitcoindev.googlegroups.com>
X-Google-Group-Id: 786775582512
List-Post: <https://groups.google.com/group/bitcoindev/post>, <mailto:bitcoindev@googlegroups.com>
List-Help: <https://groups.google.com/support/>, <mailto:bitcoindev+help@googlegroups.com>
List-Archive: <https://groups.google.com/group/bitcoindev
List-Subscribe: <https://groups.google.com/group/bitcoindev/subscribe>, <mailto:bitcoindev+subscribe@googlegroups.com>
List-Unsubscribe: <mailto:googlegroups-manage+786775582512+unsubscribe@googlegroups.com>,
<https://groups.google.com/group/bitcoindev/subscribe>
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+--
|
