You can’t control out of band payments in any way whatsoever, to suggest you can is silly, imo.
CTV doesn’t “enable smart contracts” in some elaborate way that isn’t already possible. Lightning is a “smart contract,” multisig is, atomic swaps are. What you describe is a completely generic idea and is 100% possible right now with all the op codes we have. CTV does not suddenly make a shitcoin trading empire possible where it wasn’t before, it literally formalizes, simplifies, and removes multiple interactions needed to do many of the same things we are doing *already.*
Multisig doesn’t scale to large groups because everyone has to be present. All CTV does is make it so parties can make changes independently and without constant cooperation and synchronized signatures from every single party.
So I disagree with the whole framing. It doesn’t make any sense in the context of what the tool is.
TheGuySwann / Guy Swann
npub1h8…6rpev
2024-08-30 06:02:06
in reply to nevent1q…ad0h
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2024-08-30 06:02:06Event JSON
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"content": "You can’t control out of band payments in any way whatsoever, to suggest you can is silly, imo.\n\nCTV doesn’t “enable smart contracts” in some elaborate way that isn’t already possible. Lightning is a “smart contract,” multisig is, atomic swaps are. What you describe is a completely generic idea and is 100% possible right now with all the op codes we have. CTV does not suddenly make a shitcoin trading empire possible where it wasn’t before, it literally formalizes, simplifies, and removes multiple interactions needed to do many of the same things we are doing *already.*\n\nMultisig doesn’t scale to large groups because everyone has to be present. All CTV does is make it so parties can make changes independently and without constant cooperation and synchronized signatures from every single party.\n\nSo I disagree with the whole framing. It doesn’t make any sense in the context of what the tool is.",
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