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119 sats \ 3 replies \ @Car 16h \ parent \ on: Why all Bitcoiners should support covenants bitcoin
Interesting you bring this up this way I keep hearing this more and more about covenants. Why would all the other “bitcoin devs” be pro covenants are they not thinking through the pitfalls?
I just watched this video from Jimmy Song (5 min) and it definitely pushed me in the anti-covenant direction: #1218881
Especially his point about evidence for demand
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Conveniently, we can simply invert the reasons he gave for opposing covenant soft forks and have a solid, actually-true list of reasons for supporting covenant soft forks
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The reasons are many
Just because someone is a dev doesn't mean they're an adversarial thinker, or understand systems, code is just a means to an end.
Shell devs for example (which I consider myself), are often deferential to "Core" devs because a javascript framework is a different skillset than say, Bitcoin script.
Incentives are the most obvious reason the higher up you go, as mentioned the funding from Fake L2's is pervasive. Core is an NGO at this stage, Knots-Ocean has overlapping funding. Active development = Activist development.
On the lower-end, it's typical psyop effect... bandwagon jumping, ingrouping, current-thing maximalism, ethos pathos and logos virtue signaling... all one NGO has to do is get a few influenzas to astruturf that you hate poors, newcoiners, and new use-cases if you don't support their stupid ideas that don't actually help any of those things. People will enthusiastically support the dumbest shit imaginable as long as they can tell themselves what a good person they are for doing so. "Useful idiots" exemplify how virtues are easily weaponized.
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