Have you fallen into the ‘rabbit hole’ of covenants? My newest interview with @AmelieHua

Bitcoin Magazine

An Interview With Polyd: The Rabbit Hole Of Covenants

A written interview with Polyd, a Control Systems Specialist and creator of the Enigma Network proposal, on the concept of covenants.

LN scaling covenants (Timeout-Trees); 35 pages.

GitHub

ln-scaling-covenants/scalingcovenants_v1.3.pdf at main · JohnLaw2/ln-scaling-covenants

Protocols that use simple covenants to scale Lightning - JohnLaw2/ln-scaling-covenants

LN tunable penalties; 17 pages.

GitHub

ln-tunable-penalties/tunablepenalties10.pdf at main · JohnLaw2/ln-tunable-penalties

Contribute to JohnLaw2/ln-tunable-penalties development by creating an account on GitHub.

LN efficient factories; 13 pages.

GitHub

ln-efficient-factories/efficientfactories10.pdf at main · JohnLaw2/ln-efficient-factories

Contribute to JohnLaw2/ln-efficient-factories development by creating an account on GitHub.

LN factory optimized; 30 pages.

GitHub

ln-factory-optimized/factoryoptimized13.pdf at main · JohnLaw2/ln-factory-optimized

Factory-optimized Lightning channels for Bitcoin. Contribute to JohnLaw2/ln-factory-optimized development by creating an account on GitHub.

Resizing Lightning Channels Off-Chain with Hierarchical Channels; 37 pages.

GitHub

ln-hierarchical-channels/hierarchicalchannels_v1.3.pdf at main · JohnLaw2/ln-hierarchical-channels

Contribute to JohnLaw2/ln-hierarchical-channels development by creating an account on GitHub.

Watchtower-Free Lightning Channels For Casual Users; 25 pages.

GitHub

ln-watchtower-free/watchtowerfree10.pdf at main · JohnLaw2/ln-watchtower-free

Contribute to JohnLaw2/ln-watchtower-free development by creating an account on GitHub.

Just a little light reading 😭 #LNhance #CTV

A Flock of Ruebens #RubinsRuebens #LNhance #CTV https://image.nostr.build/cd45df8b0067668183300738684d4529066bf5010894ad89a7f0e22d58bd5995.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=ULIgZp%5EiAMWAp%7B%252%24M%3D%7Cveo%24%235TKk%3DKjITR5&x=d964698c803f88e9871cb22fc322d9252ed7842b5c44f84fc85eea641f9d754e

Captain Ahabread: Searching for Moby Dish #RubinsReubens #LNhance #CTV https://image.nostr.build/0c7b56ae0932baf2c73861bdb6e61ec1dc49bc3d0e8be678fc25b7256a256477.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=UT8%3F2RyDK%2CIoysslTeT0gNadozo%23TeV%40s.sT&x=a16aac4bb2f55572768201ae691c5135fc91f9db373a0c4aaa283ceed581ef87

Welcome to Covenants 101, with a focus on CTV. What are they? Is this an attack on bitcoin? Can the government lock up all our coins? Without an accurate mental model of what's actually going on, it's hard to reason on what they can and can't do. So let's walk through it. 📩👇

CTV and Cold Channels. Today in Bitcoin, to make a channel, you must first receive Bitcoin on-chain and then transfer it to a channel with your partner interactively. This is a minimum of two transactions just to open a channel and the channel opening cannot be batched. With CTV, channels can be hidden inside your pubKey so that when you're paid and the transaction is committed on-chain (can even be batched using only one UTXO), that on-chain commitment is sufficient to use your channel. No need to dump the channel details on-chain. https://image.nostr.build/9c5674ec45bb1c4b1a84c1c1b7223a6223391c8914639cebc09304e2c9f82616.jpg#m=image%2Fjpeg&dim=819x540&blurhash=r89tP%25yUD*M%7CNZV%5BM%7BxuRRGcnhr%3BoInhWBV%40kWWBHbICbrkURQoybYfRox%5EcW%3DNIW%3DS4oLWCjYayucyAVun%2Ct7V%5BahWAV%5B%7DmR.NKWXNIoeW%3BjFWB&x=860ed55345f9f855729c8bf1dfd19accc63cac0b31f90d19fef23c3a444d4263 https://image.nostr.build/f9fd33773a851e375ef91384b005fcddd297a7be2743da20548f69518991c37c.jpg#m=image%2Fjpeg&dim=825x540&blurhash=r67xBu.5RzRjVtRRIUt8xtpPjKRCaixca_V%5Dk8WBDSH%5DIBodx%40tPf%23WXayr%23bWR%24oxoxa%23k9WEf6tGyBtkogaQRQt7WARj%23xWANEk8k7j%5BbXaija&x=3329ea1a5da027f809f762a80c17fb860055934d498ac379894bcc18adbee1a3

Trusted Third Parties are outside the scope of Bitcoin. Custodians may be an optional evil but never a necessary evil. Custodians aren't a form of scaling. Custodians will do everything in their power to prevent scaling. https://image.nostr.build/d6f2e3ba7a9689418bdb24172a78245577fc6f525e9c65673958b9e62ab11ace.jpg#m=image%2Fjpeg&dim=500x635&blurhash=_BQ%2CL100%7Eq_3M%7B-%3B-%3BWBoft7RjofRjfQ9Ft7WBIUt7WBM%7B9FxuxuWBxuWBRjD%25IUt7M%7BfQt7WBD%25ofj%5BfQ%25Mxut7IUWBWBWBj%5Bayayt7Rjxut7ayt7ofM%7BxufQayayWBRj&x=83b13d555985edfc173f1cd1f547d2c7f1ae9bb4edf19a76e19ea7a01da02764