15 sats \ 1 reply \ @benthecarman 20 Dec 2023 \ parent \ on: Opinion on Covenants? bitcoin
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?
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