pull down to refresh
10 sats \ 0 replies \ @pakovm OP 7 Jan \ parent \ on: I've put the Covenants Support Table into numbers once again. bitcoin
Hey thanks for the comment!
What makes me believe consensus is forming about this is being part of the conversation, not that many people are paying attention to it, since most believe "Bitcoin is unchangeable" so why care about it?
The reason this conversation is happening right now is because most developers I know want LN-Symmetry and other features to help scale Bitcoin off-chain, we already know that Lightning in the state it is today is not enough to scale Bitcoin as it doesn't scale ownership, you can't simply create a Lightning wallet and send money to your grandma as you can on-chain, it all depends of a lot of many factors such as liquidity, on-chain fees, etc... Covenants allow us to remove those limitations by having a lot more design space, they also keep the chain from getting impossibly expensive to use for most folks if we get these things via BitVM or other hacky ways, so yeah, I believe consensus is forming that this might be a need while we are all still against a block size increase.
That one will come with quantum-resistant signatures surely, but not before, before that we need better ways to do the stuff needed to scale Bitcoin.