<oembed><type>rich</type><version>1.0</version><author_name>npub183ws43p6p2yhlfv92evu5xg2wuj2g72qvzhqjmep8e37clf6ewnsrl5sgy</author_name><author_url>https://nostr.ae/npub183ws43p6p2yhlfv92evu5xg2wuj2g72qvzhqjmep8e37clf6ewnsrl5sgy</author_url><provider_name>njump</provider_name><provider_url>https://nostr.ae</provider_url><html>📅 Original date posted:2022-06-03&#xA;📝 Original message:Totally agree.&#xA;I couldn&#39;t agree more.&#xA;&#xA;On Fri, Jun 3, 2022 at 3:44 PM alicexbt via bitcoin-dev &lt;&#xA;bitcoin-dev at lists.linuxfoundation.org&gt; wrote:&#xA;&#xA;&gt; Note: This email is an opinion and not an attack on bitcoin&#xA;&gt;&#xA;&gt; Covenants on bitcoin will eventually be implemented with a soft fork. CTV&#xA;&gt; is the easiest and best possible way OP_TX looks good as well. Apart from&#xA;&gt; the technical merits, covenants will improve a few other things:&#xA;&gt;&#xA;&gt; - Developers can build interesting projects with real demand in market.&#xA;&gt; - Students learn Sapio and not just solidity.&#xA;&gt; - Better tooling could be available for application developers.&#xA;&gt; - Maybe we see bitcoin developer hackathons in different countries.&#xA;&gt; - Demand for block space might increase, it wont be just exchanges and&#xA;&gt; coinjoin.&#xA;&gt; - Funding of bitcoin developers and projects might improve. Wont need to&#xA;&gt; convince a few people for grants.&#xA;&gt;&#xA;&gt; **Why covenants are not contentious?**&#xA;&gt;&#xA;&gt; Some people may write paragraphs about CTV being contentious, spread&#xA;&gt; misinformation and do all types of drama, politics etc. on social media but&#xA;&gt; there are zero technical NACKs for CTV. We have discussed other covenant&#xA;&gt; proposals in detail on mailing list and IRC meetings with an open minded&#xA;&gt; approach.&#xA;&gt;&#xA;&gt; All the developers that participated in the discussion are either okay&#xA;&gt; with CTV or OP_TX or covenants in general.&#xA;&gt;&#xA;&gt; **How and when should covenants be implemented in Bitcoin?**&#xA;&gt;&#xA;&gt; I don&#39;t think we should wait for years anticipating a proposal that&#xA;&gt; everyone will agree on or argue for years to pretend changes are hard in&#xA;&gt; Bitcoin. We should improve the review process for soft fork BIPs and share&#xA;&gt; honest opinions with agreement, disagreement on technical merits.&#xA;&gt;&#xA;&gt; I prefer BIP 8 or improved BIP 8 for soft fork but I won&#39;t mind anything&#xA;&gt; else being used if that improves Bitcoin. Covenants implemented in Bitcoin&#xA;&gt; before the next cycle would provide opportunity for developers to build&#xA;&gt; interesting things during the bear market. Ossification supporters also&#xA;&gt; believe there is some window that will close soon, maybe doing changes&#xA;&gt; considering each case individually will be a better approach. CTV is not a&#xA;&gt; rushed soft fork, less people followed the research and it was not&#xA;&gt; mentioned on social media repeatedly by the respected developers like other&#xA;&gt; soft forks.&#xA;&gt;&#xA;&gt; /dev/fd0&#xA;&gt;&#xA;&gt;&#xA;&gt; Sent with Proton Mail secure email.&#xA;&gt; _______________________________________________&#xA;&gt; bitcoin-dev mailing list&#xA;&gt; bitcoin-dev at lists.linuxfoundation.org&#xA;&gt; https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev&#xA;&gt;&#xA;-------------- next part --------------&#xA;An HTML attachment was scrubbed...&#xA;URL: &lt;http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220603/7ef05782/attachment.html&gt;</html></oembed>