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Replying to Avatar jimmysong

You can basically do covenants by creating pre-signed transactions and throwing the private key away. To my knowledge no wallet has any UI for it and no service advertises that they do anything like this.

Which raises the question, if covenants are so useful, why don't people do what I've described?

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Zach⚡️ 1y ago

This does not work. For one, there is no way for others in the transaction to prove that they key is destroyed.

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