JackTheMimic on Nostr: What goal is CTV accomplishing? I am an economic nerd first and a Comp-sci nerd ...
What goal is CTV accomplishing? I am an economic nerd first and a Comp-sci nerd second. money scales in layers. Layer 1-Asset; Layer 2-coupon; Layer 3-credit. What does CTV do to build any of these layers? Specific spend coupons? Locked asset layers that can literally never be spent? I can see it MIGHT help the credit layer(the most custodial and least secure layer). We aren't even there yet. the coupon Layer is still being built. The unforeseen risk is so high, to push this fork seems irrational. Taproot was what? November 2022? and I still barely find a peer to use it with through layer 2. I would just like a very compelling reason why opening this pandoric box is worth it? Bitcoin will not Ossify over night. Expanded Layer 2 will do way more to expand Bitcoin's adoption than creating additional spend condition OP codes.
Published at
2024-09-01 07:28:14Event JSON
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"content": "What goal is CTV accomplishing? I am an economic nerd first and a Comp-sci nerd second. money scales in layers. Layer 1-Asset; Layer 2-coupon; Layer 3-credit. What does CTV do to build any of these layers? Specific spend coupons? Locked asset layers that can literally never be spent? I can see it MIGHT help the credit layer(the most custodial and least secure layer). We aren't even there yet. the coupon Layer is still being built. The unforeseen risk is so high, to push this fork seems irrational. Taproot was what? November 2022? and I still barely find a peer to use it with through layer 2. I would just like a very compelling reason why opening this pandoric box is worth it? Bitcoin will not Ossify over night. Expanded Layer 2 will do way more to expand Bitcoin's adoption than creating additional spend condition OP codes.",
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