{"type":"rich","version":"1.0","author_name":"npub19a2m7qm80t7mzhgqfgunswhm5c3q4fkqt89057ugy7u8jdxncf2q06mwcl","author_url":"https://nostr.ae/npub19a2m7qm80t7mzhgqfgunswhm5c3q4fkqt89057ugy7u8jdxncf2q06mwcl","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2022-07-12\n📝 Original message:BIP119, OP_CTV, allows value to be assigned in a predetermined tree\nof payments that confirms with a single output.\n\nThis allows batched transactions in the predetermined tree (e.g.\nwithdrawals from a centralized exchange) to be anchored in a way that\ndisallows double-spending of the inputs, yet allows the recipients to\nsmooth out mining fees for their withdrawal outputs, at their leisure.\n\nIt's a perfect design for a world where there are always more\ntransactions to be made than block space allows, yet only some of them\nare urgent.  As it applies to concerns mentioned in this thread, it\ncan be used to shift transaction fees to later blocks.  Whenever\nsmoothing transaction fees would be a nice-to-have, this is one way to\nhave it.\n\n  https://utxos.org/uses/scaling/\n  https://utxos.org/analysis/bip_simulation/\n\nOn Tue, Jul 12, 2022 at 9:49 AM Peter \u003cdizzle at pointbiz.com\u003e wrote:\n\u003e With 3000 Lightning open/ close tx per block and 6 billion adults\n\u003e it's 38 years of backlog to onboard the entire adult\n\u003e population. That's not including corporations.\n\nSeparately, OP_CTV also allows slightly different payment channels\nfrom the existing Lightning Network, that allow non-interactive\nbatched opens.  Using this technique, onboarding 6 billion adults to\npayment channels would be limited only by their willingness to\nparticipate.\n\n  https://utxos.org/uses/non-interactive-channels/"}