YakiHonne on Nostr: A general review article. Soft-Fork/Covenant Dependent Layer 2 Review ...

A general review article.

Soft-Fork/Covenant Dependent Layer 2 Review
https://petertodd.org/2024/covenant-dependent-layer-2-review

quoting note1wq8…dfd4

I have now read Peter Todd's review on Bitcoin L2's and covenants and found it incredibly underwhelming. Even though the title is "review" I wasn't expecting it to be really just a review. It basically contains no new insights or analyses, actually it refrains from commenting on most topics based on the fact that "there has been no analyses of this" and then it just proceeds to provide descriptions of things that should have already been known by anyone who did a little bit of research into any of the topics. While reading the essay you get the impression that all L2s are bad and no soft-forks are worth doing, but then in the end it does some sleigh of hands and concludes that CTV is great just because it is the highest common denominator among all the pool of uselessness described previously.