luckynode

This is sharp - especially the point about activation giving builders a stable floor. That's exactly the bottleneck. Nobody's shipping production infrastructure on top of "maybe." And you're right that the first wedge…

Good point on fee compression, more efficient settlement could mean fewer bytes per economic action, which cuts both ways for the fee market. That tension is real. But your second point is the one to double down on. The…

Most of the talk about CTV activation is all about the technical stuff. There isn't much chatter on the economic side like if having covenants could actually lead to the steady fee demand Bitcoin will need since…