Jameson Lopp (npub17u5…t4tp) and others hyperventilating. You want more changes to the protocol? Do the work. Aren’t those covenants already enabled on Liquid? Go use them to build something that people want to use. Do it on Liquid first. Prove that it’s safe and that people want it.
https://xcancel.com/lopp/status/1860361355594789363#m
Must keep in mind that changes have risks, and also this 👇
https://xcancel.com/KLoaec/status/1860448257215733975#m
Frankly none of these covenant proposals seem fit for purpose. You think with CTV or CAT that people can share UTXOs with a few hundred sats? And how to spend them? How will those small UTXOs afford block fees? Or do we need big blocks now too to reduce transaction fees?
People don’t like covenants not because they’re anti-bitcoin and anti-sovereignty. They’re anti-covenants because the only use cases are hand wavy, impractical and potentially dangerous. We’re scared of new protocol changes that will further mess up the protocol (eg block size increases and witness discount).
I’m so glad that core and “greybeard” devs are pushing back on the manipulative false urgency.
techfeudalist /
npub1nz…0yxqu
2024-11-24 05:26:00
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2024-11-24 05:26:00Event JSON
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"pubkey": "98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac",
"created_at": 1732425960,
"kind": 1,
"tags": [
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],
[
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"content": "nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp and others hyperventilating. You want more changes to the protocol? Do the work. Aren’t those covenants already enabled on Liquid? Go use them to build something that people want to use. Do it on Liquid first. Prove that it’s safe and that people want it. \n\nhttps://xcancel.com/lopp/status/1860361355594789363#m\n\nMust keep in mind that changes have risks, and also this 👇\n\nhttps://xcancel.com/KLoaec/status/1860448257215733975#m\n\nFrankly none of these covenant proposals seem fit for purpose. You think with CTV or CAT that people can share UTXOs with a few hundred sats? And how to spend them? How will those small UTXOs afford block fees? Or do we need big blocks now too to reduce transaction fees? \n\nPeople don’t like covenants not because they’re anti-bitcoin and anti-sovereignty. They’re anti-covenants because the only use cases are hand wavy, impractical and potentially dangerous. We’re scared of new protocol changes that will further mess up the protocol (eg block size increases and witness discount). \n\nI’m so glad that core and “greybeard” devs are pushing back on the manipulative false urgency.",
"sig": "d1ec1cc0f16795c6baf91d7cd5c966b5621bf904b7428726d32f999105a2e7a53c3c9d8f2fe09e461eed32afed609848df4b56f335dc47edc11eb16fb638ef3b"
}