Best to say “no” for as long as possible. Feature creep is inevitable. Experiment on shitcoins first.
Discussion
It seems like people could build other layers that are tied to Bitcoin without fucking with the base layer. That's sort of how I see things like Lightning, ecash, etc.
What’s your specific worry?
Censorship risks arise from flexible covenants, allowing governments or corporations to enforce
- Allowlists: Bitcoins can only be spent to approved addresses.
- Denylists: Bitcoins cannot be sent to specific addresses (e.g., sanctioned entities)
Even if these restrictions aren't feasible in the initial implementation, introducing programmable spending conditions could increase Bitcoin's vulnerability to regulatory pressure