I will give a it listen and keep an open mind but I remain skeptical.
Covenants enable you to specify “how” coins can be spent vs traditionally just“who” can spend. This is done onchain at the bitcoin script level. bitcoin itself can enforce this, unlike needing to run nodes to monitor and create strike transactions, which we need to do now on lightning, ark, etc.
nostr:npub148jz5r9xujcjpqygk69yl4jqwjqmzgrqly26plktfjy8g4t7xaysj9xhgp did a good talk on this at the mit bitcoin expo if you want to understand the tradeoffs and why so many L2 devs want it for building better non-custodial protocols:
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