Read_792 - How CTV Helps Scale Bitcoin

January 17, 2024 00:49:01
Read_792 - How CTV Helps Scale Bitcoin
Bitcoin Audible
Read_792 - How CTV Helps Scale Bitcoin

Jan 17 2024 | 00:49:01

/

Hosted By

Guy Swann

Show Notes

"Part of the problem of Lightning’s shortcoming regarding scalability of Bitcoin ownership is that in order to open a channel, or control a UTXO, you actually have to transact on the base layer. After that Lightning can facilitate a very large number of transactions off-chain but a user must still transact on-chain to onboard themselves to Lightning, It massively increases the number of transactions Bitcoin can process but it does nothing at all to increase the number of people who can own bitcoin.

~ Shinobi


With scaling a hot issue again, and CTV coming back from the dead with concrete proposals, and covenants on the table, its time to dive back in and make sense of the options, and the concept of scaling not just bitcoin payments, as lightning has done, but Bitcoin ownership. From UTXOs to virtual UTXOs, could this primitive be the next major step in bringing Bitcoin sovereignty to the whole world?


Check out the original article at How CTV Helps Scale Bitcoin. (Link: https://bitcoinmagazine.com/technical/how-ctv-can-help-scale-bitcoin)


A great primer for this episode and discussion is


Guest Links


Host Links


Check out our awesome sponsors!


“The best way to find out if you can trust somebody is to trust them.”

~ Ernest Hemingway

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

October 12, 2022 00:44:17
Episode Cover

Read_662 - Wrestling With the Truth [Allen Farrington & Sacha Meyers]

"The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. ...

Listen

Episode

March 01, 2023 01:03:09
Episode Cover

Read_704 - The Three Generations Theory [Aleks Svetski]

"People are very quick to project technology adoption curves onto Bitcoin. But the problem is that Bitcoin is not just a technology. It’s not...

Listen

Episode

July 11, 2023 00:54:53
Episode Cover

Read_747 - The Bondholder's Burning Platform [Croesus]

"Since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current...

Listen