Covenants will actually increase decentralization. Today as Ben said we are actually trending the wrong way towards centralizing. Covenants make self custody strictly better enabling more and better self custody options(both base chain and on L2s). Most current popular scaling solutions like Cashu and Fedimints are custodial and it scares me everyone seems fine with ever more Bitcoin leaving self custody for custodial options. I think it’s important we reverse this trend. I see no other realistic option except covenants.
Hey nostr:nprofile1qqswrlemlh2wgqc4jkds3d8ueqj9a2j3gcm7r48v9tskdd6rxsd7rtcpzfmhxue69uhhqatjwpkx2urpvuhx2ucpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqjxamnwvaz7tmwdaehgu3wwfhh2mnywfhkx6mzd96xxmmfdejhyuewvdhk6jg4k33! I see that you've decided to join Taproot Wizards to build out CatVM which relies on OP_CAT.
The majority of supporters behind OP_CAT are Ordinals users, people that want to push it "for the memes" and "for the lawls", and a few people that I consider bad actors in #Bitcoin. I believe that OP_CAT will allow more Shitcoining on top of Bitcoin. Am I wrong?
You are incredibly talented and smart. Far more so than I could ever be. I have a deep amount of respect for you. Hell, when you were talking about building a multi-sig Lightning node for corporations while we were poolside in Madeira blew my mind. Anyways, can you help me understand why you feel that OP_CAT is needed and why am I wrong about it?
I asked nostr:nprofile1qqsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdakj7qgkwaehxw309ajkgetw9ehx7um5wghxcctwvshspg7dju about OP_CAT at the Bitcoin Freedom Festival and his short answer was that Satoshi removed it for a reason. I stopped doing research on it at that point.
Thank you brother and congratulations on the new job. 🤙🏻🫂💜
Discussion
No replies yet.