Subject: Re: [bitcoindev] A Taproot-native (re-)bindable transaction bundle proposal

From: Peter Todd <[email-masked]>
Date: Thu, 17 Jul 2025 09:00:03 +0000

On Fri, Jul 11, 2025 at 08:44:09PM -0700, /dev /fd0 wrote:
> >  P2TR UTXO count¹: 57,956,440 (34.7% of UTXO count)
> 
> The fact that 86% of these UTXOs are under 1000 sats suggests that the use 
> cases envisioned by protocol developers before taproot activation are still 
> struggling to gain adoption. 

We created a new address standard and asked everyone to eventually transition
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 just
inevitable. Even P2PKH addresses are still fairly commonly used, even though
they're inherently quite a lot more expensive in terms of fees.

-- 
https://petertodd.org 'peter'[:-1]@petertodd.org

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