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"Lightning achieved a\xa0many-to-one\xa0mapping of transactions to transactions... But creating even a single UTXO per user is, arguably, not good enough. So there are many proposals out there to achieve even greater scaling by allowing multiple users to share a single UTXO in a self-sovereign way. Again, collapsing another \u201cspace\u201d dimension of scaling users into one UTXO."\u2014 Peter Todd\nToday we dive into Peter Todd's recent review of the various Layer 2 covenant proposals and the soft forks associated with them to analyze the core concepts, the costs, and benefits of each. For moving into the next realm of scaling with genuine "L2's," what are the trade-offs and possibilities for Bitcoin's future?\nCheck out the original report for more info and links to dig furtherSoft-Fork/Covenant Dependent Layer 2 Review\xa0(Link:\xa0https://tinyurl.com/bdey68v4)\xa0\nLinks to check out\n\nWhitney Webb & Mark Goodwin's research on the Bitcoin Dollar theory\nThe Bitcoin Reformation by Tuur Demeester\nLyn Alden's work on banking crises and global financial systems\nPreston Pysh's interview with Paolo Ardoino (Tether CTO)\nGuy's previous episode: "The Hard Truth"\nAI Unchained - Guy's other podcast on AI and technology\nNostr - decentralized social media platform\nPears.com\n\n\xa0\nHost Links\n\n\u2060Guy on Nostr \u2060(Link: http://tinyurl.com/2xc96ney)\n\u2060Guy on X \u2060(Link: https://twitter.com/theguyswann)\nGuy on Instagram (Link: https://www.instagram.com/theguyswann)\nGuy on TikTok (Link: https://www.tiktok.com/@theguyswann)\nGuy on YouTube (Link: https://www.youtube.com/@theguyswann)\n\u2060Bitcoin Audible on X\u2060 (Link: https://twitter.com/BitcoinAudible)\nThe Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)\n\nCheck out our awesome sponsors!\n\nGet \u20605% off the COLDCARD\u2060 with code BITCOINAUDIBLE \u2060\u2060\u2060\u2060\u2060\u2060(Link: https://bitcoinaudible.com/coldcard)\nSwan\u2060: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)...