"An argument for doing a consensus cleanup soft-fork first, prior to enabling any new opcodes or other features for new types of L2’s, is that we’d learn more about how willing the wider community is to implement what should be a relatively uncontroversial soft-fork that arguably benefits everyone."
— Peter Todd

In this deep dive into Bitcoin's Layer 2 solutions, we explore Peter Todd's comprehensive analysis of soft fork and covenant proposals. What are the trade-offs between different scaling solutions like CTV, OP_CAT, and SIGHASH_ANYPREVOUT? How might these changes impact Bitcoin's future, and what path forward offers the best balance of innovation and security? Join us as we unravel the complexities of Bitcoin's potential upgrades and their implications for the network's scalability and functionality.

Links to check out

• Soft-Fork/Covenant Dependent Layer 2 Review (Link: https://tinyurl.com/bdey68v4) 
• Peter Todd on Nostr (Link: https://tinyurl.com/y5py725j) 

Links to check out

• Whitney Webb & Mark Goodwin's research on the Bitcoin Dollar theory
• The Bitcoin Reformation by Tuur Demeester
• Lyn Alden's work on banking crises and global financial systems
• Preston Pysh's interview with Paolo Ardoino (Tether CTO)
• Guy's previous episode: "The Hard Truth"
• AI Unchained - Guy's other podcast on AI and technology
• Nostr - decentralized social media platform
• Pears.com 
  
  

Host Links

• ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)
• ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)
• Guy on Instagram (Link: https://www.instagram.com/theguyswann)
• Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
• Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
• ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)
• The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
  
  

Check out our awesome sponsors!

• Get ⁠5% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard)
• Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

“We are what we pretend to be, so we must be careful about what we pretend to be.”
― Kurt Vonnegut