<oembed><type>rich</type><version>1.0</version><title>goatmeal wrote</title><author_name>goatmeal (npub1g0…7gqpz)</author_name><author_url>https://yabu.me/npub1g0atme30l6s65rw6ulq2cqahq9lzmpj0sejhsjcqh0azlyg5cp4qf7gqpz</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>we got a primitive that lets one user reuse a UTXO many times. okay cool. I don&#39;t appreciate the rube goldberg scaffolding that evolved around HTLCs but it does free up some room I guess. it doesn&#39;t scale users. it still requires each user to have their own UTXO. this is the foundation of most of the lightning criticism.&#xA;&#xA;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&#39;t pass the fee revenue to miners. we need a primitive that achieves this for real.&#xA;&#xA;paul&#39;s mistake is selling his own version of a completed solution. he should focus more on the primitive, then step back. and I don&#39;t think it should be hashrate escrows, it should be more similar to covenants.</html></oembed>