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Replying to Avatar Schlaus Kwab

> Bitcoin covenants are a proposed feature designed to enhance the control mechanisms over Bitcoin transactions. Traditional Bitcoin transactions allow senders to specify only the recipient and the amount to be transferred. Once bitcoins are sent, the sender has no control over what the recipient does with them. Covenants aim to extend this functionality by allowing the creation of rules or conditions that specify how the received bitcoins can be spent in the future.

On the first look #Bitcoin #covenants don’t sound like a very desirable feature. Would love to know if im missing something. Can somebody point me to an intelligent discussion/pro/contra?

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Car44 1y ago

How is that any different from a CBDC?

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Schlaus Kwab 1y ago

That's exactly my concern. Every utxo going through the governments hands could be restricted in some way.

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His_Name_Was_Robert_Paulson 1y ago

Wondering if there could be a loop hole somehow in the future on new coins issued from miners as well

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Schlaus Kwab 1y ago

Good point.

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His_Name_Was_Robert_Paulson 1y ago

Yeah, exactly. My instinct is that this is an attack. The vortex dude on “what bitcoin did” interview seems to hungry for it.

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