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100 sats \ 0 replies \ @k00b 25 Aug \ parent \ on: Sunday Survey: Do you want covenants? bitcoin
It’s simplistic but I see two general directions to preventing “bad” bitcoin usage:
- Rules that can’t be misused (laws that can’t be broken)
- Rules that allow people do what they want so long as they don’t harm other people (natural law)
- imo results in a natural ratio of good people relative to bad people, good participants greatly outnumber the bad, and bad people have fewer incentives to be bad