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Are Covenants Necessary for Bitcoin? with Brandon Black (SLP537)

Are Covenants Necessary for Bitcoin? with Brandon Black (SLP537)

Stephan Livera Podcast vor 2 Jahren

0:00

1:20:44

Not everybody understands that blockchains themselves don’t
scale. And this may create some tricky implications if we want to
onboard large numbers of people to Bitcoin. This is why some of
the discussion nowadays is about soft forks and covenants.
Brandon Black rejoins me to talk about some of his ideas on how
many people can use Bitcoin with current tech, and how covenants
such as CTV (Check Template Verify) could help improve this. We
discuss:

How many people can use Bitcoin

Why not build L3?

Thoughts on block size

“Rush to the exits”

Different kinds of forks

Covenant proposals explained in english

Concrete proposals

Commercial demand

Unforeseen risks

Value density

Links:

X: @reardencode

Timeout Trees explanation article by Shinobi

Prior Episodes:

SLP505 MuSig2 in Practice, APO, CTV & Bitcoin Soft Forks

Sponsors:

Swan.com (code LIVERA)

CoinKite.com (code LIVERA)

Mempool.space

Stephan Livera links:

Follow me on X: @stephanlivera

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