We're Not Breaking Bitcoin: The Case for CTV + CSFS
summary
Proposal argues that OP_CTV and OP_CSFS let wallets replace heavy pre-signed-transaction coordination with a committed tx-hash and dynamic offchain resigning, enabling cheaper coin pools, channel-state/backup optimizations, Ark/state-chain tweaks, and vaults with a recoverable grace period (examples: two weeks, four weeks, or one year). Work so far is design + prototype code; critics note existing parity with pre-signed flows and ask for more proofs of concept and an activation client before network upgrade.
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chapters (10)
- 0:00Introduction
- 1:01Bitcoin Script and op codes
- 2:45op codes, CTV, and CSFS
- 4:11Need for CTV and CSFS
- 8:02Bitcoin covenants and benefits
- 9:48Applications with CTV and CSFS
- 13:32Pushback on vaults
- 15:40Community challenges
- 21:41Bitcoin governance
- 24:30Next steps
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