Post
Topic
Board Development & Technical Discussion
Re: BTC Needs A Privacy Layer
by
BlackHatCoiner
on 30/05/2021, 12:42:27 UTC
Here is the link for post made by Satoshi:
https://bitcointalk.org/index.php?topic=770.msg9074#msg9074
Thanks.

Was P2SH necessary? Was SegWit? Is Taproot?
I haven't read what's Taproot yet, besides the known fact that it it helps with privacy, but aren't all those you mentioned soft forks? How do you vision a protocol change that would make Bitcoin transaction outputs interchangeable? Wouldn't we have to move onto implementations like ring signatures that would create hard forks?

is that the community can decide to change things
Who exactly is the community? This forum? The developers? The miners? The majority of its users? I think that in Bitcoin, the word “community” is highly abused. How can one define what's the community on a consensus based system?

Why? Taproot is a privacy improvement and will not affect existing wallets at all.
I'll skip the Taproot part, because as I said, I'm unaware. What solution do you propose that will make Bitcoin fungible, but won't affect the already existent wallets? With ring signatures, they'd have to change.

Saying no to privacy for Bitcoin, while supporting other privacy oriented altcoins...  Roll Eyes
What's wrong with altcoins?