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Covenants: The Next Bitcoin Soft Fork? (CTV, APO, VAULT, & More) 

Ian Major | All Things Bitcoin
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1 окт 2024

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Комментарии : 22   
@alaaalbkr8491
@alaaalbkr8491 9 месяцев назад
thanks for your efforts🌹
@BTCMachineElf
@BTCMachineElf 9 месяцев назад
I welcome Convenants. They have the potential to massively increase Bitcoin's scalability for global adoption. We can't fit 100 million people on Layer 1, let alone 8 billion.
@IanMajor
@IanMajor 8 месяцев назад
That is indeed the tough reality, and I don't see much else that has as favorable a benefit/risk profile. Maybe something like Ark but that's still very early days.
@brandoningram1577
@brandoningram1577 5 месяцев назад
Covenants sounds like a Trojan horse for censorship idk tho
@IanMajor
@IanMajor 5 месяцев назад
I think recursive covenants are where things could get tricky, but non-recursive imo pose very little risk. Plus importantly it’s the receiver who defines subsequent spending rules (not the sender)
@Closetive
@Closetive 9 месяцев назад
Nice video! Ive heard CTV allows for shared UTXOs. How exactly does that work?
@IanMajor
@IanMajor 8 месяцев назад
Thanks! A very good question - here is as good an example as I've found so far: x.com/reardencode/status/1740118411622175150?s=20
@whimsythecrypto-hippy-wolf1900
@whimsythecrypto-hippy-wolf1900 8 месяцев назад
Good content mate, subbed
@IanMajor
@IanMajor 8 месяцев назад
Welcome! Glad you’re enjoying it
@TheL0wner
@TheL0wner 9 месяцев назад
not a necessary or even worthwhile proposal in the bunch.
@IanMajor
@IanMajor 8 месяцев назад
Any scaling-related proposals you are a fan of?
@TheL0wner
@TheL0wner 8 месяцев назад
@@IanMajor currently? no. I was and remain in favor of lightning. sorting out spam would be a far better use of dev time.
@Cr4y7-AegisInquisitor
@Cr4y7-AegisInquisitor 9 месяцев назад
Thank you
@crossi88
@crossi88 9 месяцев назад
Thx
@ZoTrAcK
@ZoTrAcK 9 месяцев назад
I just wish that Bitcoin fixes it's vulnerabilities in 2024 so it can be used again for what it was designed for.
@teru797
@teru797 9 месяцев назад
explain what vulnerabilities ?
@BTCMachineElf
@BTCMachineElf 9 месяцев назад
@@teru797 They must be talking about inscriptions, not realizing that a high fee market is inevitable in bitcoin's future, and doesn't prevent bitcoin from being used for 'what it was designed for
@ddddaaddaaaa
@ddddaaddaaaa 9 месяцев назад
vulnerabilities?
@tygyrlylly8079
@tygyrlylly8079 9 месяцев назад
You must be a big blocker
@ZoTrAcK
@ZoTrAcK 9 месяцев назад
@@tygyrlylly8079 I'm not allowed to reply the name of the vulnerability, YT censors me every time. But it is reported by the NIST for a month now. DYOR.
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