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0 sats \ 0 replies \ @nerd2ninja 14 May \ parent \ on: Lyn Alden On Scaling bitcoin
That's the only concern he raised. The entirety of what you sent me was Maxwell debunking FUD about perpetual KYC via CTV except for this one blurb where he says he doesn't like it and doesn't specify why.
And when asked, his only response was
https://www.reddit.com/r/Bitcoin/comments/uim560/comment/i7dhfpb/
In what conceivable way is this rushing anything? Do you know what inquisition net is? Its a test network to test and build with proposed op_codes. Its has nothing to do with mainline activation. A better example would have been O'Beirne publishing MASF code with no activation date.
So when Maxwell says its being pushed through in an ill advised way perhaps he would be referring to things like that.
You're not talking to O'Beirne or Folkson for that matter though, you're talking to me and I think the educational awareness campaign for node runners to grok what CTV (as part of LNHance) implications and applications are will likely take 5 years. I'm not rushing.
And so then what you're talking about usecases? That's why you bring up fees and privacy and all that right? All of this to finally get to that point eh. Would have loved to start there.
So John Law wrote this paper on scaling lightning using covenants https://github.com/JohnLaw2/ln-scaling-covenants
This method for scaling lightning involves a multi-party channel giving timeout trees to users who are 99% of the time offline. Please read the paper.
This is not about making fees cheaper, this is about dealing with high fees in a sane way.
It should not come as a surprise to you to read me telling you that Bitcoin is also my only savings plan. I'm not rushing anything. I just think its a good BIP.