The post Taproot Added Trolling Value To Bitcoin Says Jimmy Song appeared on BitcoinEthereumNews.com. Bitcoin developers behind the Taproot upgrade didn’t account for the “social attack surface” that enabled Ordinals, BRC-20s, and other nonfinancial transactions to flood the network with spam, says a Bitcoin developer.  “What they ignore is that Taproot had significant trolling value as the upgrade that Bitcoiners were placing their hopes in,” Bitcoin Core developer Jimmy Song said in an X video on Sunday, adding: “The increase in the social attack surface of this upgrade wasn’t accounted for at all, let alone considered.” Song — who referred to Ordinals as a “fiat scam” last year — claimed that Taproot has failed to live up to the hype because it didn’t deliver on the privacy and security features promised.  He pointed to Schnorr signatures and Script Paths Spend features, which, together, were touted as a more efficient alternative to multisig, in some cases allowing three of five friends or family members to assist with recovering a Bitcoin key. However, it ended up being even more complicated as it required more rounds of signatures than traditional multisig, he said. “Bad user experience basically made it a non-starter,” Song added. Taproot was activated by Jonas Nick, Tim Ruffing, A.J. Townes and a few other Bitcoin Core devs in November 2021, building on the work of Gregory Maxwell, who introduced the concept in January 2018. #vlog 27 Was Taproot A Wise Decision? pic.twitter.com/sUjtf8JA2z — Jimmy Song (송재준) (@jimmysong) September 13, 2025 Song’s comments come amid a growing divide between Bitcoiners over which transactions should be validated or not validated on the network. Adam Back, Dennis Porter and Luke Dashjr are among the Bitcoiners who — like Song — prefer Bitcoin to focus on fixing money — and thus serve solely as a peer-to-peer electronic cash system, as Satoshi Nakamoto intended it to be used. Others,… The post Taproot Added Trolling Value To Bitcoin Says Jimmy Song appeared on BitcoinEthereumNews.com. Bitcoin developers behind the Taproot upgrade didn’t account for the “social attack surface” that enabled Ordinals, BRC-20s, and other nonfinancial transactions to flood the network with spam, says a Bitcoin developer.  “What they ignore is that Taproot had significant trolling value as the upgrade that Bitcoiners were placing their hopes in,” Bitcoin Core developer Jimmy Song said in an X video on Sunday, adding: “The increase in the social attack surface of this upgrade wasn’t accounted for at all, let alone considered.” Song — who referred to Ordinals as a “fiat scam” last year — claimed that Taproot has failed to live up to the hype because it didn’t deliver on the privacy and security features promised.  He pointed to Schnorr signatures and Script Paths Spend features, which, together, were touted as a more efficient alternative to multisig, in some cases allowing three of five friends or family members to assist with recovering a Bitcoin key. However, it ended up being even more complicated as it required more rounds of signatures than traditional multisig, he said. “Bad user experience basically made it a non-starter,” Song added. Taproot was activated by Jonas Nick, Tim Ruffing, A.J. Townes and a few other Bitcoin Core devs in November 2021, building on the work of Gregory Maxwell, who introduced the concept in January 2018. #vlog 27 Was Taproot A Wise Decision? pic.twitter.com/sUjtf8JA2z — Jimmy Song (송재준) (@jimmysong) September 13, 2025 Song’s comments come amid a growing divide between Bitcoiners over which transactions should be validated or not validated on the network. Adam Back, Dennis Porter and Luke Dashjr are among the Bitcoiners who — like Song — prefer Bitcoin to focus on fixing money — and thus serve solely as a peer-to-peer electronic cash system, as Satoshi Nakamoto intended it to be used. Others,…

Taproot Added Trolling Value To Bitcoin Says Jimmy Song

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Bitcoin developers behind the Taproot upgrade didn’t account for the “social attack surface” that enabled Ordinals, BRC-20s, and other nonfinancial transactions to flood the network with spam, says a Bitcoin developer. 

“What they ignore is that Taproot had significant trolling value as the upgrade that Bitcoiners were placing their hopes in,” Bitcoin Core developer Jimmy Song said in an X video on Sunday, adding:

Song — who referred to Ordinals as a “fiat scam” last year — claimed that Taproot has failed to live up to the hype because it didn’t deliver on the privacy and security features promised. 

He pointed to Schnorr signatures and Script Paths Spend features, which, together, were touted as a more efficient alternative to multisig, in some cases allowing three of five friends or family members to assist with recovering a Bitcoin key. However, it ended up being even more complicated as it required more rounds of signatures than traditional multisig, he said.

“Bad user experience basically made it a non-starter,” Song added. Taproot was activated by Jonas Nick, Tim Ruffing, A.J. Townes and a few other Bitcoin Core devs in November 2021, building on the work of Gregory Maxwell, who introduced the concept in January 2018.

Song’s comments come amid a growing divide between Bitcoiners over which transactions should be validated or not validated on the network.

Adam Back, Dennis Porter and Luke Dashjr are among the Bitcoiners who — like Song — prefer Bitcoin to focus on fixing money — and thus serve solely as a peer-to-peer electronic cash system, as Satoshi Nakamoto intended it to be used.

Others, such as Bitcoin Ordinals leader “Leonidas,” have embraced the Taproot upgrade, using it to create Ordinals and Runes applications, among other things. Bitcoiners in this camp argue that Bitcoin shouldn’t censor any transaction.

Ordinals, Runes ignited Bitcoin Core vs Bitcoin Knots war

In June, more than 30 Bitcoin Core developers agreed to remove the 80-byte limit on the OP_RETURN function, allowing for significantly more pictures, audio, videos and documents to be stored onchain. 

But fears that Bitcoin Core — the leading Bitcoin software node operator — could U-turn on the update have sparked a shift to use Bitcoin Knots instead. 

The number of Bitcoin Knots nodes has increased from 67 nodes in March 2024 to over 7,112 today, representing nearly 28% of the network. 

Related: Crypto isn’t Web 3.0, it’s Capitalism 2.0 — Crypto exec

Earlier this month, Leonidas said his Ordinals community may even consider forking Bitcoin Core if developers reversed the upcoming update and tried censoring Ordinals, Runes and other non-financial transactions on the network.

Song hasn’t given up on Taproot upgrade yet

While Taproot-enabled Bitcoin applications haven’t met Song’s expectations thus far, he hasn’t written it off as a potential benefit to Bitcoin.

Ordinals, Runes have strengthened Bitcoin security, Leonidas argues

Meanwhile, Leonidas has argued that Ordinals and Runes have contributed over $500 million in transaction fees to strengthen Bitcoin’s security — something which has become an increasing concern as the network’s mining block subsidy continues to halve every four or so years.

However, reliance on these fees has been shaky, with the daily fee tallying from Ordinals inscription fees ranging from $3,060 to $537,400 in 2025, Dune Analytics data shows. 

The $537,400 is hardly one-twentieth of the record $9.99 million that Bitcoin miners raked in from Ordinals on Dec. 16, 2023.

Magazine: Astrology could make you a better crypto trader: It has been foretold

Source: https://cointelegraph.com/news/taproot-devs-overlooked-trolling-value-added-bitcoin?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.006756
$0.006756$0.006756
-2.22%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy

Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy

Ethereum Price, BitMine Shares Jump on Treasury Buy The post Ethereum Price and BitMine Shares Jump 10% After Latest Treasury Buy appeared first on Cryptonews.
Share
Coinstats2026/03/03 06:28
Shiba Inu Shibarium Issues: Wallet and Explorer Notices

Shiba Inu Shibarium Issues: Wallet and Explorer Notices

The post Shiba Inu Shibarium Issues: Wallet and Explorer Notices appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain for Shiba Inu, has issued
Share
BitcoinEthereumNews2026/03/03 07:02