I think I'm more excited for LN-symmetry, but I have always been an infrastructure guy... 🙂

CTV is interesting because of how it is different from previous soft forks. It is a core primitive that improves a great many things but it doesn't have a flashy user facing feature.

It's a classic battle: infrastructure versus feature development. Infra improvements compound over the long term; feature dev is high time preference.

I have seen the same script play out at many different companies. Infra usually loses because the decision makers lack perspective. They can clearly picture how much profit that shiny new button will produce. They are incapable of conceiving how much the shiny button will cost in the long term. Tech debt only ever goes up. This is why engineers make the best software CEOs; they are able to make good tradeoffs in this dimension.

In bitcoin, we see different parties play out this dynamic. Folks, listen to your engineers. They know what they're talking about.

When CTV activates I think the biggest win will be psychological. We can put to rest the notion that bitcoin is 'done' and start working on bigger changes. The work is not done until every person is free from the yoke of statist money printers.

Reply to this note

Please Login to reply.

Discussion

No replies yet.