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21 sats \ 0 replies \ @theonevortex 18 Oct \ parent \ on: LNhance LAUNCHES WEBSITE🎊🎊🎊 (THE GREATEST OF SOFT FORKS) bitcoin
Yes introducing new op_codes is risky, hence the years and years and years of development on them.
The 2 op_codes created that make LN possible for example were in development for years before going live, but without them we wouldn't have LN. CTV for example has been in review for 4+ years with a 5btc+ bug bounty on it that's never been claimed and without CTV or something like it we'll never have feature rich and efficient covenants without which would make scaling custody much more difficult.
Lightning has been steadily growing by thousands of percent over the past 5 years and will continue to grow and get better and easier to use, however it's still very early days though and like you I wouldn't actually expect a regular person to understand channels in the slightest so there's still more work to do there.
Luckily there are a bunch of scaling solutions that bitcoin will use because like we've known for many centuries already a global money requires many more layers than 2 to function equally as well for everyone.
ROFL yes continue to go around calling everyone scammers with no proof and no ability to argue technical semantics, that only makes you look more and more like a lunatic. You don't even seem to understand the basics of lightning. Have fun with the rest of your shitposts because you've lost all credibility on this platform from this conversation lone.
WTF? Ark isn't even a sidechain, dude do you seriously just shitpost and do no research at all?
resolves to 1 UTXO per party
Yah, just like I said, 2+ people sharing a UTXO and CTV can allow for channel factories where more than 2 people can share UTXOs
You clearly have done zero research and just proceed to throw adhominems around like confetti.
Ark is one of the primary uses so far of VTXOs and they are most certainly not an altcoin, it's not much different then people sharing UTXOs with lightning. Extremely simply to understand if you're not intent on being contrarian and do any little bit of research at all.
The features and efficiencies that CTV can bring to vaults are huge not to mention being able to create even bigger arks.
judging from his past history on this site there's no way justin has the ability to have a nuanced conversation...
wtf are you talking about most of the op codes aren't even new, CTV has been around for over 4 years and the rest have been researched for years. Do you not pay attention to bitcoin development at all or something?
Bro WTF are you talking about, it's just an upgrade combining a few op_codes. One of the devs works at SWAN there is no FUD narratives and there is no fake L2 or altcoin, it's just combining some op_codes, at least learn how to code before spouting off some nonsense.
This is completely false. Covenants work just like regular tx's. You have to opt-in. Happy to answer any questions you have about CTV since it seems you're currently very confused.
Lightning could do so much more with covenants:
https://utxos.org/uses/batch-channels/
If we cap the number of UTXOs then we cap the amount of people that can have their own private key in bitcoin.
OP_CTV actually allows for the ability to share UTXOs, scaling the amount of people that can hold their private keys several orders of magnitude.
As far as Ordinals goes, when fees reach a threshold deemed too high for the market it will calm down. The market clearly has decided fees aren't too high yet, patience.
Personally I spend my time researching tech that will allow more people to use bitcoin rather than worrying about short term flee fluctuations.
The reality is that bitcoin is for anyone but bitcoin is not for everyone. Filtering txs you believe not to be valid is your right as a node and pool operator. We fought a scaling war to prove L1 is not viable for small txs at scale, this is why Lightning exists. Ordinals and other similar types of economic activities will be incentivized to move up to L2 and above over time.