📅 Original date posted:2022-11-08
📝 Original message:On Tue, Nov 8, 2022 at 2:13 AM Salvatore Ingala via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> I have been working on some notes to describe an approach that uses
> covenants in order to enable general smart contracts in bitcoin. You can
> find them here:
>
> https://merkle.fun/
> <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>;
>
Hash chained covenants in general all have about the same plateau of
functionality, which seems roughly reasonable to add to Bitcoin as it is
today but suffer from being limited and hence likely only a stepping stone
to greater functionality and unless whatever's put in now cleanly extends
to supporting more in the future it's likely to turn into a legacy
appendage which has to be supported. So my generic suggestion for this sort
of thing is that it should be proposed along with a plan for how it could
be extended to support full-blown covenants in the future.
Another probably unhelpful bit of feedback I have is that Bitcoin should
probably be taking verkle trees seriously because those can have
substantially lower size/cost/weight than merkle trees. That doesn't just
apply to this proposal, but to Bitcoin in general, which doesn't seem to
have any serious verkle tree proposals to date.
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Bram Cohen [ARCHIVE] /
npub1ld…t8ur6
2023-06-07 23:16:53
in reply to nevent1q…8c67
Author Public Key
npub1ldcq03p2qe58u0xnlwa35wchjuhz49y6ueu5ghmtjetez9xstnvsmt8ur6Published at
2023-06-07 23:16:53Event JSON
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"content": "📅 Original date posted:2022-11-08\n📝 Original message:On Tue, Nov 8, 2022 at 2:13 AM Salvatore Ingala via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e\n\u003e I have been working on some notes to describe an approach that uses\n\u003e covenants in order to enable general smart contracts in bitcoin. You can\n\u003e find them here:\n\u003e\n\u003e https://merkle.fun/\n\u003e \u003chttps://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\u003e\n\u003e\n\nHash chained covenants in general all have about the same plateau of\nfunctionality, which seems roughly reasonable to add to Bitcoin as it is\ntoday but suffer from being limited and hence likely only a stepping stone\nto greater functionality and unless whatever's put in now cleanly extends\nto supporting more in the future it's likely to turn into a legacy\nappendage which has to be supported. So my generic suggestion for this sort\nof thing is that it should be proposed along with a plan for how it could\nbe extended to support full-blown covenants in the future.\n\nAnother probably unhelpful bit of feedback I have is that Bitcoin should\nprobably be taking verkle trees seriously because those can have\nsubstantially lower size/cost/weight than merkle trees. That doesn't just\napply to this proposal, but to Bitcoin in general, which doesn't seem to\nhave any serious verkle tree proposals to date.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20221108/783dabea/attachment.html\u003e",
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