Replying to Avatar Peter Todd

https://petertodd.org/2024/covenant-dependent-layer-2-review

“Soft-Fork/Covenant Dependent Layer 2 Review”

I've finally published my big article sponsored by Fulgur Ventures, analyzing all the main covenant proposals, and the L2 proposals that would use them.

tl;dr: Ark is pretty cool, and CTV is a good way to get it.

Peter, you admit that it ADDS RISK:

“Unlike OP_CAT, CTV doesn’t appear to raise much risk of unintended consequences beyond encouraging out-of-band fee payments in certain cases. This isn’t ideal. But no-one has come up with a widely supported alternative.

My personal recommendation: do a consensus cleanup soft-fork, followed by CTV.”

YOU HAVE NO BASIS TO ASSESS FUTURE RISK. YOU CANT KNOW THE FUTURE AND HOW IT MIGHT BE ABUSED.

ADD NO RISK TO BITCOIN.

DEVS MUST FIRST DO NO HARM.

You have no right to gamble with the world’s money, and our hope for the future.

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This. I hope more devs resist risky "upgrades"