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CTV and Cold Channels.

Today in Bitcoin, to make a channel, you must first receive Bitcoin on-chain and then transfer it to a channel with your partner interactively. This is a minimum of two transactions just to open a channel and the channel opening cannot be batched.

With CTV, channels can be hidden inside your pubKey so that when you're paid and the transaction is committed on-chain (can even be batched using only one UTXO), that on-chain commitment is sufficient to use your channel. No need to dump the channel details on-chain.

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ELON CAN SEND A TWEET FROM THE PRESIDENT'S ACCOUNT IF HE WANTS.

CENTRALIZED SOCIAL MEDIA SHOULD NOT BE USED FOR OFFICIAL COMMS.

POSTS SHOULD BE CRYPTOGRAPHICALLY SIGNED.

THE NOSTR POST YOU ARE READING NOW WAS SIGNED BY MY PRIVATE KEY AND VERIFIED BY YOUR CLIENT.

yes, of course it is. we have a strict decentralization verification process.

we guarantee decentralization by having every LN transaction’s route be chosen by a single server, kept in a closet at your mom’s house o.O

Well said, I think lightning will be the decentralized glue for all the less decentralized L2s

All our collective efforts in 2024 must be employed in developing a Nostr app with a single button. Users won't have to think, they will just press that button and they will be fed with content selected to them by an amazing algorithm. When they are hungry they press the button and food will be put inside their mouths. Whenever they feel a little bit of discomfort in their bodies they just press the button. The app cannot mention relays, keys or the word "Nostr" because that will intimidate users, it should have a familiar name, maybe it should be called "mom", since that word is very familiar to all normies since when they were babies.

This will likely be the last year of damus. Will try my best to make this thing sustainable, but nostr clients don’t make money and I once funding runs dry its over as I can only burn saving for so long. Glad I was able to help play a small part in this regardless of what happens. Going to give it my all next year to try to keep the dream alive. Thanks for coming along for the ride ✌️

Among the most simple soft forks, but with debate about how simple or how detailed to do it.

Covenants allow bitcoins to be restricted by the sender with certain conditions before being re-respent, which can help with vault storage and also can help with making new scaling L2s.

TWITTER IS A HORRIBLE MEDIUM TO DISCUSS POTENTIAL BITCOIN IMPROVEMENTS.

Tell me why a Confidential Transaction UASF is a stupid idea?

Why is fungibility always an afterthought?

We could kill inscritpions, improve fungibility and make bitcoin more useful as p2p cash.

Instead everyone is worrying about scripting for their dynamic multigenerational gold stack while waiting for ETF approvals.

Here's why there are deep incentives for a Bitcoin fork with the Ordinals people.

Ordinals/BRC-20/Inscriptions are now VC funded. And they're going to be pressured to keep growing, no matter what. Yet the hype around their stuff will inevitably fade. And whatever profits they had will dry up. So what will they do?

There are two paths. One is to increase revenue, the other is to reduce costs. The first will be very difficult to do without some new narrative. And they might try that, but it's going to be very difficult on Bitcoin... At least as it currently stands. They could move to another chain, but then, their whole reason for existence, being built on Bitcoin will be no more. Hence the incentive to create new narratives around their stuff and to add "features" to generate interest means some sort of fork.

The other path is to reduce costs. The most obvious cost is the fees being sent to miners. And to reduce that, you need to increase block size or make the blocks more frequent. Either way, this is incentivizing a fork.

The point is that once VC funding entered the picture, the path was set. There will be a conflict of visions and a "peaceful coexistence" was never going to be the outcome.

#memestr #meme