🐱 OP_CAT: THE PURR-FECT SOLUTION FOR COVENANTS? \ stacker news ~bitcoin

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🐱 OP_CAT: THE PURR-FECT SOLUTION FOR COVENANTS?

554 sats \ 7 comments \ @blockstream_official 2 Jul bitcoin

Is OP_CAT happening?

The covenants proposal was recently assigned BIP 347, and now it's up to the community to decide. Blockstreamer Kiara Bickers breaks down the pros and cons and attempts to answer the question on most Bitcoiners' minds: Is it safe?

https://blog.blockstream.com/op_cat-the-purr-fect-solution-for-covenants/

https://image.nostr.build/bb893aa9186966c3b5d59ea12e8c897eccffc651c5218eeccf358aef250e0ad9.jpg

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138 sats \ 0 replies \ @BITC0IN 3 Jul

nack

87 sats \ 2 replies \ @ecchipen 3 Jul

OP_CAT is scams.

Bitcoin is P2P, not tech coin.

If you wants to make something complicated like defi fork bitcoin or make your own things.

After OP_CAT they will ask for block to be increased.

Than

They will ask for OP_DOG an upgrade to OP_CAT after few years we have shitcoin.

Bitcoin core code is limited and cant scale and that by design !

62 sats \ 0 replies \ @TheBTCManual 3 Jul

Lol what's OP_DOG? nothing what's up with you?

Sorry I couldn't resist

29 sats \ 0 replies \ @BitByBit21 3 Jul

Some people just can't resist the urge to poop in the park

19 sats \ 0 replies \ @BitcoinAbhi 3 Jul

Nice

19 sats \ 0 replies \ @NRS 2 Jul

Amazing I wish you more creativity

10 sats \ 0 replies \ @melvincarvalho 3 Jul

Article doesnt explain well why we need a fork. Any fork has a chance of destroying bitcoin through a chain split. So the argument has to be really good. So far it's niche R&D and use cases that have not demonstrated a large appetite. And the risks are not fully explained. The surface of what we can do with the current tooling has barely been scratched, and that's an indication that there is not a pressing need, right now. It would however be a great social attack on bitcoin if it is able to split the community. Obviously something bitcoiners dont want, and bitcoin's rivals do want!