goatmeal on Nostr: we got a primitive that lets one user reuse a UTXO many times. okay cool. I don't ...

we got a primitive that lets one user reuse a UTXO many times. okay cool. I don't appreciate the rube goldberg scaffolding that evolved around HTLCs but it does free up some room I guess. it doesn't scale users. it still requires each user to have their own UTXO. this is the foundation of most of the lightning criticism.

what we need now is a primitive that lets multiple people reuse a UTXO many times. we are emulating it with presigned transactions in a centralized way, we get too many trust and liveliness assumptions as a consequence, and we do it in constructs that don't pass the fee revenue to miners. we need a primitive that achieves this for real.

paul's mistake is selling his own version of a completed solution. he should focus more on the primitive, then step back. and I don't think it should be hashrate escrows, it should be more similar to covenants.