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10 sats \ 3 replies \ @nout 25 Apr 2022 \ on: Is OP_CTV opening up new potential attack vectors on bitcoins censorship resistance? bitcoin

Andreas Antonopoulos put high level summary on covenants here: #22621 (but not that specific to BIP119):

  • The question he poses there is whether there's some trick that OP_CTV can be used to create recursive covenants, which would be a honeypot for regulators as a really easy way to create a regulated class of UTXOs. His argument is that we should be careful about introducing easy/marketable ways to regulate bitcoin. This is not specific question to BIP119, because it's not clear if BIP119 enables recursive covenants.
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5 sats \ 1 reply \ @nobody OP 25 Apr 2022 freebie

Thanks for that. Andreas gave a great overview of the situation, and addressed some of my worries. That said it seem a little unclear to me if CTV will by some sly round about way introduce the possibility of recursive covenants. I need to study the details of bip 119 before i can support it. He also made a good point about the dangers of Speedy Trial activation as a first step instead of last step of the activation process. When its clear that there is no danger, and has overwhelming support Speedy Trial can be used. To early to discuss activation atm imo.

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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