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Replying to Avatar hh

If y'all want total BTC supremacy and an accelerated demise of alt coins, smarter capabilities are simply a requirement.

Ironically, I think adding these "capabilities" makes BTC vulnerable to censorship and opens the door to cooptation by bad actors.

For instance, it's quite simple to see how a bad actor like governments and/or their bank cronies may require that all BTC within "their" jurisdiction be filtered through some sort of covenant that heavily conditions the future use of the UTXOs. If a UTXO doesn't come through that funnel, it becomes "illegal". Expect all those MSTR and ETF UTXOs to be immediately funneled and a de facto soft fork to happen.

My opinion is, this is the sort of extremely undesirable consequence of idiotic maximalism, which as I said, I find quite ironic.

Because alts are perceived as a threat instead of as a complement, and because idiot maxis want BTC to monopolize all spaces and functions, they will inevitably introduce all the bad potentials too.

I say let alts take care of "smart" and unsafe stuff and keep BTC dumb and safe.

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Slimey Limey 1y ago

I don’t think bitcoin maxis want or promote a fork to implement covenants.

Shitcoins are there, they will eventually die… new ones will appear.

Adding smarter contracts to bitcoin, as you said, won’t keep Bitcoin safe.

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