Bitcoin covenants are inevitable



Summary:

The email thread in question discusses the implementation of covenants on Bitcoin through a soft fork proposal, with some individuals claiming that there are no technical issues with the proposed changes. However, there have been instances of misinformation being spread about the proposal, which is addressed by one individual who provides examples of such false information. Despite this, it is noted that there are zero technical NACKs for the proposed covenants and that all developers involved in the discussion are either okay with the proposed changes or covenants in general. The email proposes improving the review process for soft fork BIPs to share honest opinions with agreement and disagreement on technical merits. Additionally, it is suggested that implementing covenants before the next cycle would provide opportunities for developers to build interesting things during the bear market and improve funding for Bitcoin developers and projects. While the email acknowledges the potential controversy surrounding the proposal, it ultimately suggests addressing concerns through an open-minded approach to discussion rather than spreading misinformation.


Updated on: 2023-06-15T21:28:03.657803+00:00