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Replying to Avatar Zach⚡️

I think something like CTV is the inevitable natural progression. Base layer can be used for dispute settlement, but UTXOs can be shared in a sovereign way where you hold your own keys using covenants. Works great with the LSP model too - imagine opening 100 lightning channels using one UTXO.

I’m not technical enough to understand any potential risks though and I do think we are going to re-enter a contentious period of scaling debates. Also, you would still always ultimately have to pay fees to settle disputes or claim UTXOs if your LSP disappears.

Instead of everything settling on-chain, base layer would become closer to taking someone to court, except the judge makes the correct ruling 100% of the time.

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Dan 1y ago

Yea the "the base layer is court" prediction I think is very prescient

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