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150 sats \ 1 reply \ @lightcoin 10h \ parent \ on: Why I'm Against Covenants (Jimmy Song) bitcoin
You said:
If the information in my post was clear, I would expect it to have at least "some reassurance" of what you're looking for. So I concluded that either I wasn't clear, or you are asking for a stronger assurance than I (or anyone else) could give.
Memecoins have existed on bitcoin since colored coins were first invented over a decade ago. Don't let their existence or possibility scare you away from supporting changes that actually improve the use of bitcoin as money.
I'm convinced that covenants will solve some technical problems and enable more products that would be useful to people.
I'm not convinced that this is going to significantly ramp up bitcoin adoption.
I worry that it will have unintended side effects (like witness discount did in enabling inscriptions). This could indeed damage bitcoin, especially in the social layer that I mentioned in y other post.
But you are right, it's possible that no one can give me the assurances that would be pivotal to my opinion (right now).
But thank you for the discussion anyway, I think it does help me understand more the different perspectives.
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