--- Log opened Tue Apr 20 00:00:31 2021
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16:57 < dustinwinski> With Taproot, we will have a new address type called SegWit v1. This upgrade fixes a problem with Bech32. Can a wallet doing single sig  transactions that doesn't wan to do multisig stuff still use Segwit v1 instead of Segwit v0? Basically, is the new segwit v1 address type just for MAST use? Can I use it now as a simple, single sig user?
16:59 < maaku> dustinwinski: correct.
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17:02 < dustinwinski> What would this look like? Once my wallet implements the new rules, would I have to manually send my funds to a segwit v1 address. Would I have to tell my wallet to make new segwit v1 receiving addresses?
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17:04 < maaku> wait did I misunderstand you? I'm saying you can just keep using v0 addresses
17:04 < maaku> nothing changes in that use case
17:04 < dustinwinski> Could I start using segwit v1 if I wanted?
17:05 < dustinwinski> Could I start creating segwit v1 receive addresses?
17:05 < maaku> Not until it activates.
17:06 < dustinwinski> That's what I mean
17:06 < maaku> Until taproot activates, v1 addresses are anyone-can-spend
17:08 < dustinwinski> But I am correct that nearly everyone, even without wanting MAST or multisig capabilities will be able to use the new v1 address, right? I'm trying to wrap my head around all the little pieces of this upgrade.
17:09 < dustinwinski> I wonder how Electrum will handle new v1 address creation.
17:11 < maaku> They will have to upgrade to a client which understands the v1 addresses
17:11 < maaku> The checksum is different, so they won't validate on old clients.
17:11 -!- belcher_ is now known as belcher
17:12 < dustinwinski> Will I have to manually send my funds to a v1 address and tell my wallet to just create v1 addresses from now on?
17:13 < dustinwinski> That is after my wallet understands the new rules
17:31 < luke-jr> no
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--- Log closed Wed Apr 21 00:00:32 2021