Oddbean new post about | logout
 Yay we’re back to segwit2x with fork proponents pushing their narrative in the press. https://archive.is/20240601112759/https://www.bloomberg.com/news/articles/2024-06-01/bitcoin-debate-heats-up-over-software-revamp-to-add-new-features 
 🤦‍♂️ 
 On the bright side, if Garzik says nothing will happen then it means something will happen 🙃 
 I don´t understand why some people want to push so hard for OP_CAT and CTV. As a non bitcoin developer, until now nobody can explain what advantage it could or will bring for a normal bitcoiner. If some body could please explain it very simple. 
 Bitcoin needs some kind of way to scale non-custodially. Lightning is a partial but not full solution. CTV opens some options that aren't currently possible. 
 What options would CTV unlock that are not available now? 
 https://www.youtube.com/watch?v=seOK8CujQQI

Shiobi explains it quite well. Starting around minute 31. Listen at least until minute 36. 
 I’m not convinced any of the options “opened” by CTV are going to hugely move the needle, honestly. There’s some marginal gains to lightning and mayybbeee timeout trees are compelling, but there’s big regulatory questions there and the trust model isn’t as great :/ 
 Of course, I agree with you, we need something more than just lightning, but we haven’t found it yet, covanents or no.