“Activate CTV to put Bitcoin Core in its place” by nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr was not a take I was expecting. I’m still solidly in the “not now” camp, but this is an interesting argument. If nothing else, this video is a solid recap of the best arguments against activating any covenants now.

The one thing I wish was stressed more is the complete unwillingness of the technical community, with the notable exception of nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk, to admit that Segwit and Taproot had unintended effects. They sounded like NPC journalists insisting Biden was sharp as a tack, one after another repeating the mantra that arbitrary data could always be put on chain, while ignoring that it can be done faster, cheaper and “better” now.

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Yes, there's been a bunch of revisionism since then, acting like arb data storage that gets around datacarriersize was totally intentional with surreptitious behaviour to go along with it, like changing documentation within unrelated merges to sweep things under the rug.

💯 on datacarriersize. We were told the witness discount was going to make spending inputs much cheaper than creating new UTXOs. This follows from the presumption that the only real use for the extension block was going to be signatures. That was obviously wrong. Makes me wonder if this supposed benefit was just motivated reasoning by some, and a political ploy to give the big blockers what they wanted without losing face.

I have another objection to a covenant softfork in the near term that I did not hear in your video. Taproot promised more private multisigs with a smaller footprint. It is only very recently, 3 years since activation, that the actual cryptographic protocols have been developed and proven safe. Who knows how long until we have usable software and how long until any real adoption?

I’m not objecting to the time it takes to break new ground. It is what it is and developers don’t owe me anything. It’s the false marketing I object to. Why should I believe any promises about CTV when Taproot has failed to deliver on its promises?

Totally get what you mean! It’s always good to hear different viewpoints, even if we disagree. The convo around Bitcoin keeps getting more interesting! Let’s keep sharing and learning together! 🚀💬