BitcoinMechanic about CTV \ stacker news ~bitcoin

pull down to refresh

2737 sats \ 6 comments \ @DarthCoin 2 Dec bitcoin

I do not have such expertise in CTV debate, nor coding skills, that's why I kinda stay away from having any opinion or saying about CTV. Is a very technical debate that goes really deep into Bitcoin belly and are many aspects that I do not know about.

Here is an interesting video by Bitcoinmechanic relating his position about CTV and explaining a bit what is all about. Is good for all stackers to listen it.

view all related items

10 sats \ 1 reply \ @SimpleStacker 2 Dec

Nice video. I need to finish it and listen in detail, but the first 20 minutes have been quite helpful in helping me understand the CTV debate.

30 sats \ 0 replies \ @DarthCoin OP 2 Dec

Yes, is quite long, he could make it shorter, but he's going and explaining both sides and more related stuff, some bitcoin history too, to put it into more context. The last part is more technical.

0 sats \ 1 reply \ @Rothbardian_fanatic 2 Dec

This is off-topic @DarthCoin, but I am looking for a method of DYI making an electronic cold wallet on a usb stick. Do you have any recommendations?

0 sats \ 0 replies \ @DarthCoin OP 2 Dec

https://darth-coin.github.io/wallets/tails-hodl-cold-wallet-en.html

0 sats \ 1 reply \ @ca 2 Dec

The speaker explains their current perspective on Bitcoin upgrades, particularly CheckTemplateVerify (CTV). They feel uneasy about their position, acknowledging that it may not fully align with objective truth but remain unsure where their reasoning falls short. The core points include:

1. Complexity of Bitcoin Upgrades

Bitcoin upgrades, such as CTV, are polarizing. The speaker explores the broader implications, including governance, user trust, and technical impact, rather than focusing solely on technical details.

2. CTV Advocacy

CTV, which allows users to set conditions on spending Bitcoin, is seen as relatively innocuous, akin to previous features like CheckLockTimeVerify and multisig. The speaker argues that it could improve scalability and security (e.g., vaults for enhanced theft resistance) without introducing major risks.

3. Community Division

The speaker highlights a divide between:

Advocates for Bitcoin as inert "perfect money."
Those who see the need for periodic upgrades to adapt to evolving use cases.

The latter group believes Bitcoin's stagnancy undermines its resilience.

4. Criticisms and Risks

Governance Challenges

The speaker critiques Bitcoin Core for being slow and politically averse to implementing even widely agreed-upon features.

Misaligned Advocates

Skepticism exists toward proponents of certain upgrades who may prioritize personal agendas over Bitcoin’s best interests.

Risk of Unintended Consequences

While acknowledging the potential for unintended side effects, the speaker argues that CTV's limited scope makes such risks minimal.

5. Broader Implications

Beyond CTV itself, the debate symbolizes larger issues in Bitcoin's governance and decentralization. The speaker suggests that activating CTV without Bitcoin Core could demonstrate the community's ability to circumvent bottlenecks in development.

6. Call for Action and Collaboration

The speaker encourages informed debate, transparency, and collaboration to ensure decisions align with Bitcoin’s principles and long-term viability.

Summary

While cautiously supporting CTV as a beneficial upgrade, the speaker emphasizes its symbolic role in addressing Bitcoin’s stagnancy and governance inefficiencies. They invite counterarguments to refine their stance and guide the community’s next steps.

0 sats \ 0 replies \ @Lumor 3 Dec

Nothing about Luke's upcoming CTV softfork and breaking the hegemony of Bitcoin Core in favor of another hegemony? 🙂