Replying to Avatar HoloKat

What’s the best breakdown of covenants?

From my limited exposure I got a negative vibe. But want to be sure I understand thoroughly both arguments before I make up my mind.
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Matt 1y ago

'Covenant' seems to be a general term for an idea rather than any single specific protocol proposal (from what I've seen anyway).

I do think it would be interesting to do stuff like estate planning at the protocol level (that seems like a potential use case from what I understand so far), but I'm not sure it's worth the added complexity. Maybe it is depending upon the specifics.

I'd rather address more pressing matters like having a solid plan for upgrading encryption over time and general maintenance stuff like that before adding anything else in.

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HoloKat 1y ago

Time locks and vaults seemed like an unnecessary luxury but it seems there are other use cases. I’m just curious why we NEED them and why it’s not a “nice to have”

I guess I have a lot of reading to do.

In any case, I think the people who want covenants have to make a case for them and not fall back to “do your research”.