Do you use Taproot addresses? \ stacker news ~bitcoin

41 sats \ 11 comments \ @Monotone 7 Jun 2023 bitcoin

Or do you continue to use the more common bech32 (Native Segwit)? Do you often come across the fact that some wallet you use does not support receiving/sending to Taproot addresses?

view all related items

5 sats \ 0 replies \ @rhombus 7 Jun 2023

Depends on your use-case. Are you using multi-sig? Taproot is the way. Otherwise, bech32 addresses will result in lower fees since a one-off transaction will be slightly smaller than the same transaction using taproot addresses.

0 sats \ 2 replies \ @TheBTCManual 7 Jun 2023

Yes, Its my default, but I've had instances where places or people don't support it but im a taproot maxi for my cold storage

0 sats \ 1 reply \ @Monotone OP 7 Jun 2023

Thanks for the reply, how often do you have to spend from cold storage?

0 sats \ 0 replies \ @TheBTCManual 7 Jun 2023

I don't have a time frame, but usually when i get to a value like 10 million sats which is soon to turn into 1 million sats as we keep running up. so I can keep my UTXO set nice and clean

0 sats \ 0 replies \ @02e2c9e0da 7 Jun 2023

yes

0 sats \ 5 replies \ @DarthCoin 7 Jun 2023

Is not a big deal you are not using taproot addresses in your normal usage of Bitcoin. Taproot addresses should be used only in specific cases, for example opening LN channels.

And btw... onchain use must be limited as much as you can to open and close LN channels, not making regular payments...

0 sats \ 4 replies \ @Monotone OP 7 Jun 2023

Unfortunately, there are still many services and stores that do not support LN, so sometimes you still have to use onchain

0 sats \ 3 replies \ @DarthCoin 7 Jun 2023

It is your duty to educate them and help them to use LN. I live only with BTC from 2018 and I pay anything I need over LN with BTC.

Saying that shops are not accepting BTC/LN is kinda dumb or you are living in a deserted dumb place with NPCs. Many examples here: https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples https://darthcoin.substack.com/p/pay-bills-with-bitcoin

Make it happen, do not just wait to happen...

11 sats \ 2 replies \ @Monotone OP 7 Jun 2023

It's not dumb, it's a fact. Especially in my country. A lot of private stores or services here operate legally and are very afraid to use Bitcoin for payments. My arguments and attempts to convince them won't work here, because they might just lose their business.

I'm very glad you've been living up to the Bitcoin standard for so long. But alas, it is not possible to implement it 100% everywhere.