Hi Peter and Zac,

I like the maxim of Peter Todd: any change of Bitcoin must benefit all
users. This means that every change must have well-defined and transparent
benefits. Personally I believe that the only additions to the protocol that
would still be acceptable are those that clearly benefit layer 2 solutions
such as LN and do not carry the dangerous potential of getting abused by
freeloaders selling commercial services on top of “free” eternal storage on
the blockchain.

To strengthen your point: benefiting "all users" can only be done by benefiting layer 2 solutions in some way, because it's inevitable that the vast majority of users will use layer 2 because that's the only known way that Bitcoin can scale.

- CTV does not allow bitcoin blockchain to be used as storage
- CTV will benefit layer 2 solutions: lightning, sidechains, spacechain etc.
- Every L2 is dependent on L1 and soft forks could improve things that benefit both

There are a few emails with information that could be interpreted in a wrong way on this mailing list related to CTV or creating contentious environment. I had expected better things from bitcoin developers. This is not just the opinion of someone who supports CTV but even people who are trying to read things and form an opinion: https://nitter.net/NicolasDorier/status/1518407535480705024

I am sure there are lot of positives if we look at things differently and will end the email on a good note:

You might like Jeremy or hate him, however he took some real efforts in working on CTV, Sapio etc. and even if BIP 119 never gets activated his contribution in bitcoin covenants will always be appreciated.



/dev/fd0