How covenants can be built on Bitcoin today with no softforks (for an outrageously expensive set up price) using hash collisions. By Andrew Poelstra from Blockstream.
The debate around the next change to Bitcoin is focused almost entirely on covenants. Having already implemented numerous covenants, Liquid presents a great learning opportunity in that discussion.
Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.
Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.
Bitcoin stands out because it is a digital bearer asset that gives full private property rights to its users, and development must carefully protect this aspect.
BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.
