CT Markets Pro User: Will the relevance of Layer-1/Layer-2 solutions on the BTC blockchain diminish over time should future updates like Taproot occur? MC: Bitcoin is probably a stable blockchain precisely because it doesn’t change and is predictable. Any proposed changes can take a long time to merge since there is an incentive for the protocol not to change, and there is a large community with many opinions about any proposed change. Bitcoin is stable and predictable — so it’s unlikely that...

CT Markets Pro User: Will the relevance of Layer-1/Layer-2 solutions on the BTC blockchain diminish over time should future updates like Taproot occur? MC: Bitcoin is probably a stable blockchain precisely because it doesn’t change and is predictable. Any proposed changes can take a long time to merge since there is an incentive for the protocol not to change, and there is a large community with many opinions about any proposed change. Bitcoin is stable and predictable — so it’s unlikely that...