Avatar
Lane 🦢
02f08baf2ee0253b1b125f0e4d43a2a40fed61c0738c92254c187b98362d6270
product at swan 🦢 | 👶👦 dad | ⚽ #coyg | #bitcoin 🟠, not crypto 🤮

My DCA is buying fewer sats every week 😔

Replying to Avatar vnprc

I don't have a single work that explains fully why CTV is the best covenant proposal. I came to this opinion slowly after many years of studying bitcoin and lightning technical design and watching the debate play out.

I think the most convincing argument today is that many builders working on different problems have converged on the same, simple tool that enables or amplifies what they can build.

James O'Bierne has been working on vaults for years. First he designed a protocol using only CTV, then leveled it up into a distinct opcode, OP_VAULT, that did not use CTV. After incorporating feedback and improving his proposal he brought CTV back in because it was the best tool for the job. Now, OP_VAULT depends on CTV as an underlying primitive. I can't think of a stronger endorsement.

https://github.com/jamesob/bips/blob/jamesob-23-02-opvault/bip-0345.mediawiki

Ruben Somsen and Lloyd Fournier showed that CTV improves DLC efficiency by ~30x in the worst case.

https://mailmanlists.org/pipermail/dlc-dev/2022-January/000102.html

Greg Sanders built an LN-symmetry proof of concept and, in the process, found that using CTV simplified the protocol, removing round trips and improving payment times.

https://delvingbitcoin.org/t/ln-symmetry-project-recap/359

I haven't looked into Salvatore Ingala's MATT proposal but apparently he's planning to include CTV also. Maybe nostr:npub1775tuvua6h9mkmlqm3ragxpv3z3eegahhshydj36u2xq72vve9lsq29jcw can elaborate on this one.

The other thing that gives me conviction is the simplicity of CTV's design. Saint-Exupéry said that perfection is only achieved when there is nothing left to take away. I think it's clear that BIP119 embodies this principle. It's as simple as it can be to achieve its design goals. There is nothing left to take away.

thanks dude! very compelling I’ve got these all bookmarked for reading later!

What're some good Nostr web client these days?

Particularly interested in ones that are low ram 🙈

selfishly I find value in x still. not because I have something to promote, but rather, it still has the broadest Bitcoin content funnel

in time, nostr will win. no shame in using both imo

I bet nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m yacht might be cool but

who is in for the #Bitcoin #PlebParty ? 👀

https://maps.app.goo.gl/oKZy9sbHFjQBbuFE8?g_st=ic

P.S. I have been at this place few times! Has a huge territory. Can fit a lot of plebs for a cheap price!

returning from a social media hiatus (again)

is this a real event? if it's on the weekend, I'm in

fair play! anyone but spurs, city or united and you're cool in my book 😛

Are there other Arsenal supporters on the ostrich protocol?

Building a smaller, but growing Bitcoin Gunners chat. DM if you're interested!

If you've used an iPhone for the last 5-10+ years, I think you'll be surprised at just how much better android is.

Join us 🧙‍♂️👾

Replying to Avatar Jameson Lopp

All that's missing is a 5th shooter - Bitcoin - aimed at the Fed 🤌🤌