/biz/ - Business & Finance

>Rich people own gold so gold is co-opted. I better buy silver instead.
>Rich people own Bitcoin so Bitcoin is co-opted. I better buy Litecoin or Monero instead.
>Rich people breathe air so air is co-opted. I better breathe my own farts instead.
Are all these "based schizos" really just seething poorfags?

Let's talk about Bitcoin CTV (check template verify), a new op code that could be introduced as BIP119 via soft fork
https://en.bitcoin.it/wiki/BIP_0119

This would provide very basic covenant (smart contract) functionality that allows recipients of a UTXO to restrict how they are able to spend that coin, what addresses they can be sent to, or how much can be sent at a time.

The advantage of CTV being that it will enhance the scalability of Bitcoin by allowing multiple users to be represented though a single UTXO. Similarly it would allow opening multiple lightning channels representing multiple users with a single UTXO. It would also enhance custody ux, for example hack mitigation or inheritance, by limiting cold wallet withdrawals to a limited set of hot wallets.

Unlike most proposed covenant systems, CTV has received a generally positive response, so has a good chance of being adopted.

>>52487277
BTC bros...

If the halvening lowers supply pressure while maintaining demand then why do we only see it effect bitcoins price, but not bitcoin cash or bitcoin sv that runs on the same halvening cycles?

Will it actually take a trillion dollars to double bitcoins price or does price just move based off of what people are willing to pay for it today? How does marketcap actually work with commodities compared to stocks? Seems difficult if you have to pump another trillion in

Getting a bad feeling about the stock market. If stock market crashes will btc crash or do you think it will actually hedge against it?

Will we see an 85% drop after peak bull cycle again or will volatility dramatically decrease with the larger marketcap/big players and the new bear markets will be more of just consolidation/cool off phase till next halvening?

>if btc was a women