w3ird on Nostr: admittedly I am not an expert on bitcoin convenants. I know that there are alot of ...
admittedly I am not an expert on bitcoin convenants. I know that there are alot of good use-cases for them. that said, how is allowing a utxo to be encumbered, especially in the case of recursive covenants, not a huge attack surface ripe for abuse? it sounds like a great way to make the bitcoin network an ofac-compliant cbdc.
Published at
2024-04-07 16:49:46Event JSON
{
"id": "aa79cb78cec48d7b9595134c5ce41e56b9a4c9265fdc23fe9f2e56aeb064b2db",
"pubkey": "f0293508f3eb9e6fe99c2fd8ba69ff446216872a2d9f67979bfa4db8b3155806",
"created_at": 1712508586,
"kind": 1,
"tags": [],
"content": "admittedly I am not an expert on bitcoin convenants. I know that there are alot of good use-cases for them. that said, how is allowing a utxo to be encumbered, especially in the case of recursive covenants, not a huge attack surface ripe for abuse? it sounds like a great way to make the bitcoin network an ofac-compliant cbdc. ",
"sig": "9e0abae5bf7f5fa41feff08dd0c6f6ca5a2de180eacc946033646b66f6bf87d2058d46e3063f65ad72ced788722604cc8b24631ee84b38c4e66b34a05924bc4c"
}
