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: 00:00:00 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