I don't often recommend WBD podcasts but this is EXTREMELY important. This discussion is around scaling with covenants/CTV and the implications for trust. If Bitcoin is going to be a money for payments and not just a store of value, not everyone can or will directly own UTXOs. They can, however, have a guaranteed share of a UTXO.
Also some discussion of ordinals/arbitrary data embedded in transactions.
I don't often recommend WBD podcasts but this is EXTREMELY important. This discussion is around scaling with covenants/CTV and the implications for trust. If Bitcoin is going to be a money for payments and not just a store of value, not everyone can or will directly own UTXOs. They can, however, have a guaranteed share of a UTXO.
Also some discussion of ordinals/arbitrary data embedded in transactions.
TIMESTAMPS:
view on www.youtube.com00:00:00 UTXO sovereignty
00:09:50 Scaling with Covenants
00:23:44 How Covenants work
00:34:17 CTV & activating Bitcoin upgrades
00:50:12 Bitcoin developer risks; OP_CAT
01:00:25 Better Bitcoin development?
01:10:55 Ossification vs scaling sovereignt