I welcome Convenants. They have the potential to massively increase Bitcoin's scalability for global adoption. We can't fit 100 million people on Layer 1, let alone 8 billion.
That is indeed the tough reality, and I don't see much else that has as favorable a benefit/risk profile. Maybe something like Ark but that's still very early days.
I think recursive covenants are where things could get tricky, but non-recursive imo pose very little risk. Plus importantly it’s the receiver who defines subsequent spending rules (not the sender)
@@teru797 They must be talking about inscriptions, not realizing that a high fee market is inevitable in bitcoin's future, and doesn't prevent bitcoin from being used for 'what it was designed for
@@tygyrlylly8079 I'm not allowed to reply the name of the vulnerability, YT censors me every time. But it is reported by the NIST for a month now. DYOR.