I am not an expert in Bitcoin technical aspects (I mean code and stuff like that). I understand most of the technicalities that make Bitcoin works at a level where I can explain it to a normie or another IT like me. And that's because I also read a lot of technical documentation, trying to understand it better.

Yes, I have a long experience with using it and with all kind of solutions because I like to tinker about and also help devs with feedback for their apps (if are useful).

So, I cannot have a strong explanation about "covenants" right now and also I saw that we have now multiple proposals around "covenants" or so called CTV.

That's why you will not see me "debating" too much this subject, because in really technical terms ... I know shit. I am sorry but I cannot have a good tech opinion on something I still do not understand it.

What I like to see is somekind of consensus on what could really help Lightning Network to go further. For me LN is the future of Bitcoin. Bitcoin without LN is jack shit... will became just another crap like paper gold.

What we already have for the base (onchain) I think is enough, strong and working. Yeah maybe, to push LN further with new functionalities or fixes, we will need some minor changes for the base (onchain), but I do not think that will be a problem in the future.

Right now, Bitcoin is just fine, as you said, fees are low (but not for long), LN works pretty well (but that doesn't mean we should stop improve it) and sometimes clunky, but hey we've just started.... there's so much to be done.

I think for the moment, we should concentrate more on educating normies how to use Bitcoin at BASIC level and don't bother them with too much technicalities. We already have so many solutions that WORKS. Even with struggling to run a LN node is still a huge progress. If not... damn it, each old bitcoiner should be an "uncle Jim" for all those around him. IMHO the "uncle Jim" scenario is the next phase for Bitcoin, onboarding as many we could. Then in time we can figure it out more solutions.

THERE'S NOTHING WRONG WITH BEING AN UNCLE JIM / TRUSTODIAL (stole this term from @justin_shocknet 😂 ). Stupid people should trust somebody with knowledge and morals (most of good bitcoiners I consider them with good morals). But at least if you run a LN bank / uncle Jim, be open and sincere and put all the cards on the table,. informing your users about the risks.

As I wrote this old guide too: https://darth-coin.github.io/merchants/private-banks-over-ln-en.html