1. Are you aware of any abuses of covenants in the altcoin space that BIP119 would also be vulnerable to?
  2. From an outsider perspective, it seems frustrating to do core development. What's the most surprising thing you've learned while trying to get an ambitious proposal in core?
  3. What's something you believe or foresee in Bitcoin's future that nearly no one else, including the most bullish bitcoiners, don't believe?
  1. Not in particular. Would you call any contract happening in Ethereum (arbitrary powerful system) an abuse? Generally these things are opt-in. Also we already have issues that users can create (e.g. wrt to consensus incentives in Bitcoin) without covenants... not too worried here :)
  2. No comment really, nothing particularly surprising if that makes sense. Your assesment is correct though.
  3. I think in the long run we will never see major ossification. Security in Bitcoin rests on economic demand of on-chain space, so we will constantly have to ensure Bitcoin is serving as the settlement layer of record. That, and at a implementation level, security is an ongoing concern. I think there are bigger risks in implementation stuff v.s. the spec/protocol level, so I don't suspect we gain much from protocol ossification either. IMO even things like PoW are on the table -- my ongoing question is are we getting the best security/censorship resistance for the best price, and I would be surprised if in 50 years we haven't improved on that (imagine computers from 50 years ago and thinking that today's computers would be similar).
reply
On 2, you seem to have made the most progress of anyone wrt to getting an ambitious proposal in core. I suspect future core devs will be able to learn a lot from you in this regard. That was the motivation behind the question at least.
reply
i hope the lesson is not "this is so hard it's not worth trying again".
that might be my personal takeaway, sadly.
reply
  1. Are you going to be doing a Pleb Fi in Miami again this year?
  2. If people are interested in seeing BIP119 in core, what are the highest impact things they can do to help you?
reply