Replying to Avatar OT

IDK about kycing the whole chain. My example is that you need everyone using Bitcoin to know the difference between address types. Like imagine I swap bitcoin for cash, wait a few days before reversing the transaction cause my trade partner doesn't know the difference between bc1q and bc1x.
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wooka 1y ago

I only knew about 'reversing' by rising the tx fee

how does it work with bc1x (taproot?) ?

and it depends on the address type from where the utxo is sent from?

and makes no difference if I use legacy 1.. type?

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semisol 1y ago

bc1x doesn’t exist yet, it’s bc1p

reversing transactions is impossible unless unconfirmed

most info about covenants is misinformation

for example, if someone sends coins to you with a covenant attached, that actually becomes a different address

think of it like someone sending you sats, but with a 2-of-2 instead of the address you specified

it’s a different address, so your wallet will say “this isn’t my sats” and will ignore it