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We need covenants for non-custodial, non-interactive L2s.
look at lightning right now, we have maybe 0.1% adoption of bitcoin and fees are so high that it is unusable to use a self-custodial without putting a few thousand dollars to get around chain fees and channel reserves
you may have this sorted out for yourself, but it's not clear to me why 'looking at lightning' explains why only rich people get to self-custody if we don't signal for BIP119 in Jan 2024
could you at least pretend to steelman the case for even the smallest amount of concern against introducing a protocol-level mechanism for controlling how coins can be spent?
Check out channel factories
yeah, i've heard of this plan to spin up many thousands of channels in one transaction, and we can't have a LN address for every person on chain right now because every person requires one transaction to spin up a channel.
where can i learn more about the reasoning behind this assertion ?