"Without a concrete taproot proposal it's hard to make assertions". I'm not going to offer a completely concrete proposal, but fwiw, here's my thoughts on what should be included in the segwit v1 proposal, which I think might be concrete enough for discussion purposes:
https://lists.linuxfoundation...
## World Crypto Network Episode Summary: "SegWit v1 Proposal ~ bitcoin-dev Mailinglist" (2019-03-03)
This episode of World Crypto Network delves into a proposal by Anthony Townes regarding SegWit v1 and the broader Taproot upgrade for Bitcoin, drawing from a December email on the bitcoin-dev mailing list. The discussion explores various technical aspects and future possibilities for Bitcoin's scripting capabilities.
Main Topics:
- SegWit v1 & Taproot: Discussion of Anthony Townes' proposal and the ongoing development of Taproot, emphasizing the upgradability of SegWit.
- Transaction Digests & Script Versioning: Exploring how Taproot can hide scripts and enable 127 sub-versions for soft forks.
- "Check BLS Add" Signature Scheme: A proposed method for more efficient multi-signatures utilizing discrete log signatures.
- "Op Success" Proposal: Anthony DiMaio's proposal to upgrade previously invalid opcodes for increased flexibility and backward compatibility.
- Future Upgrades: Discussion of potential future upgrades including 64-bit opcodes, discrete log signatures, and incorporating various "upcodes" and cryptographic systems.
Key Quotes:
- "Townes has made significant contributions to Bitcoin." (Host, praising Anthony Townes)
- "The ideas presented are preliminary and subject to change." (Acknowledging the early stage of development)
- "We need to be cautious and deliberate to avoid breaking the network." (Emphasizing a careful approach to upgrades)
People Mentioned:
- Anthony Townes
- Gregory Maxwell
- Anthony DiMaio
- Wushnor
- Individuals associated with "The Great Podcast" and "Bitcoin Optag Newsletter"
Bitcoin Price: Not mentioned in this episode.
The episode highlights the potential for significant advancements in Bitcoin's functionality and security through these proposed upgrades, while stressing the importance of a measured and cautious approach to implementation. Topics like Taproot, Lightning Network (L2), and Mercolized Scripts were connected to these potential future developments.