When I left Twitter, CTV was being debated and most people seemed to be against this BIP.
In bitcoin mechanic mechanic’s recent video, he mentions CTV is now widely agreed upon as being a necessary protocol upgrade.
Any thoughts?
Would it be easy for low IQs, like myself, to identify if a UTXO being sent to me was free from covenants or encumbered with dangerous spending conditions?
CTV is basically mandatory for lightning network to reach it's full potential.
Can you help me understand why this is?
this is a bad take
I'd rather have APO personally...but bip119 is good for many things especially privacy.
How so?
Just learned about this…..
I think the less moves are made with #Bitcoin the better….
The base layer needs to stay simple, that is why it is resilient.
Covenants are crucial infrastructure for bitcoin.
I don’t understand why…
I’m not trying to be a dick, but I don’t understand how placing spending conditions on UTXOs is “crucial?”
I’m not even against it, or for it. I simply don’t understand why people keep saying it’s so critical?
This is what chatgpt provides: 
The security improvement is the reason I consider it critical. If we don’t get enough people to self custody bitcoin fails. Covenants are one of a few different technologies that allows us to make bitcoin much much easier to secure for the common man. I think the current era of hardware wallets and metal seed plates will be seen as the dark ages when we look back.
How does CTV improve security and do away with the need for hardware wallets and seed plates?
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There are many ways, facilitating coinpools allows people to make small tradeoffs wrt custody (though essentially maintaining self custody just with more hoops if something goes wrong) but not have to deal with L1 issues.
If you don't go down the covenants pathway then reality kicks in and either people are paying a fortune for onchain TXs or just using third party custodians for everything.
What’s wrong with federated side chains like liquid? At this point the federation is more decentralized than the bitcoin hash rate (somewhat joking obviously).
I have almost conceded that “the masses” will not embrace bitcoin. Just like most people, literally 99% of the world, could care less how the fiat system works.
We need the optimistic builders and visionaries to embrace bitcoin. The mainchain will still have a much greater wealth distribution than the current global fiat systems. This applies even to nation states.
The UTXO set size is currently 123 million.
Something to think about. Many of the influencers that hated CTV hate drivechains. Better to take their opinions with a grain of salt
Very easily. CTV doesnt pretain to you unless you the receiver choose to be apart of it. That whole fud of encumbered coins was nonsensical misunderstanding from the get go. CTV having actual actionable code as of today with use cases being pondered (ARK, ENIGMA, reactive security models) it seems we could use these features for #bitcoin if we wanted to.
The issue is now that CTV/APO Were gaining better understood stupid ass Paul DORKS comes around and gets funding for trying to get BIP300-01 merged and everyones focusing on that bullshit
