What if each layer paid many people, not just one?
We can go as deep as we can coordinate in advance.
When Alice makes that ONE payment on chain, EVERYONE in the tree is paid:
The guy before them CAN’T take coins back, and keyholders can all exit whenever they want.
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Instead of each L1 Tx being one ownership change, we can plant a whole tree full of many users, all sovereign, but only using 1 UTXO of block space.
If the leaves were lightning channels, you can even be spending sats freely - only updating the tree rarely for channel closures.
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Wait: Don’t we have to mine this huge pile of Tx eventually, for everyone to REALLY get their coins?
If we collaborate, NO! We can build alternate spend paths. But that’s a whole thread.
You now understand covenants 101: commitments made *without always touching the chain*.
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This is awesome! Thank you!
I wish I had more visibility on nostr. I get pretty much nothing on here when I post content
Can you consolidate into one long note next time? Nostr doesn't have arbitrary character limits like Xitter.
Nostr is a lot smaller than twitter. It is more focused on bitcoin, though. I think there is good potential to educate plebs on here. Thank you for migrating these threads. I have wanted to dig into how CTV enables these higher level constructs. 🙂 👍
man, same
zero interaction whatsoever on my occasional development posts. I get that it's technical, but isn't most of nostr?
followed
Being a reply guy seems to be a decent way to get followers. It worked today! Otherwise, I think, just post consistently and be patient. Nostr is very small still and there's no algorithm to game so you shouldn't expect the same engagement numbers as other networks.
A ton of good info here. I've only heard about CTV argued about by folks way above my technical understanding (for what seems like a really long time now) but haven't seen so neat and logically put together. Will study further & ask questions, seems worthy of a full length article imo
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