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From: micaroni@gmail.com
Date: Fri, 3 Jun 2022 21:29:44 -0300
Message-ID: <CAHvMVPTqHqET2U1zAA=iua94g2PJYT9wfPMkwesdf+ysaViDuA@mail.gmail.com>
To: alicexbt <alicexbt@protonmail.com>, 
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="00000000000025dff305e09458c7"
Subject: Re: [bitcoin-dev] Bitcoin covenants are inevitable
Precedence: list

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Totally agree.
I couldn't agree more.

On Fri, Jun 3, 2022 at 3:44 PM alicexbt via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Note: This email is an opinion and not an attack on bitcoin
>
> Covenants on bitcoin will eventually be implemented with a soft fork. CTV
> is the easiest and best possible way OP_TX looks good as well. Apart from
> the technical merits, covenants will improve a few other things:
>
> - Developers can build interesting projects with real demand in market.
> - Students learn Sapio and not just solidity.
> - Better tooling could be available for application developers.
> - Maybe we see bitcoin developer hackathons in different countries.
> - Demand for block space might increase, it wont be just exchanges and
> coinjoin.
> - Funding of bitcoin developers and projects might improve. Wont need to
> convince a few people for grants.
>
> **Why covenants are not contentious?**
>
> Some people may write paragraphs about CTV being contentious, spread
> misinformation and do all types of drama, politics etc. on social media but
> there are zero technical NACKs for CTV. We have discussed other covenant
> proposals in detail on mailing list and IRC meetings with an open minded
> approach.
>
> All the developers that participated in the discussion are either okay
> with CTV or OP_TX or covenants in general.
>
> **How and when should covenants be implemented in Bitcoin?**
>
> I don't think we should wait for years anticipating a proposal that
> everyone will agree on or argue for years to pretend changes are hard in
> Bitcoin. We should improve the review process for soft fork BIPs and share
> honest opinions with agreement, disagreement on technical merits.
>
> I prefer BIP 8 or improved BIP 8 for soft fork but I won't mind anything
> else being used if that improves Bitcoin. Covenants implemented in Bitcoin
> before the next cycle would provide opportunity for developers to build
> interesting things during the bear market. Ossification supporters also
> believe there is some window that will close soon, maybe doing changes
> considering each case individually will be a better approach. CTV is not a
> rushed soft fork, less people followed the research and it was not
> mentioned on social media repeatedly by the respected developers like other
> soft forks.
>
> /dev/fd0
>
>
> Sent with Proton Mail secure email.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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<div dir=3D"ltr"><div>Totally agree.<br>I couldn&#39;t agree more.<span cla=
ss=3D"gmail_default" style=3D"font-family:arial,helvetica,sans-serif;font-s=
ize:small;color:rgb(0,0,0)"></span></div><div><br></div><div class=3D"gmail=
_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Fri, Jun 3, 2022 at 3:44 P=
M alicexbt via bitcoin-dev &lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfou=
ndation.org">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:<br></div>=
<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-=
left:1px solid rgb(204,204,204);padding-left:1ex">Note: This email is an op=
inion and not an attack on bitcoin<br>
<br>
Covenants on bitcoin will eventually be implemented with a soft fork. CTV i=
s the easiest and best possible way OP_TX looks good as well. Apart from th=
e technical merits, covenants will improve a few other things:<br>
<br>
- Developers can build interesting projects with real demand in market.<br>
- Students learn Sapio and not just solidity.<br>
- Better tooling could be available for application developers.<br>
- Maybe we see bitcoin developer hackathons in different countries.<br>
- Demand for block space might increase, it wont be just exchanges and coin=
join.<br>
- Funding of bitcoin developers and projects might improve. Wont need to co=
nvince a few people for grants.<br>
<br>
**Why covenants are not contentious?**<br>
<br>
Some people may write paragraphs about CTV being contentious, spread misinf=
ormation and do all types of drama, politics etc. on social media but there=
 are zero technical NACKs for CTV. We have discussed other covenant proposa=
ls in detail on mailing list and IRC meetings with an open minded approach.=
<br>
<br>
All the developers that participated in the discussion are either okay with=
 CTV or OP_TX or covenants in general.<br>
<br>
**How and when should covenants be implemented in Bitcoin?**<br>
<br>
I don&#39;t think we should wait for years anticipating a proposal that eve=
ryone will agree on or argue for years to pretend changes are hard in Bitco=
in. We should improve the review process for soft fork BIPs and share hones=
t opinions with agreement, disagreement on technical merits.<br>
<br>
I prefer BIP 8 or improved BIP 8 for soft fork but I won&#39;t mind anythin=
g else being used if that improves Bitcoin. Covenants implemented in Bitcoi=
n before the next cycle would provide opportunity for developers to build i=
nteresting things during the bear market. Ossification supporters also beli=
eve there is some window that will close soon, maybe doing changes consider=
ing each case individually will be a better approach. CTV is not a rushed s=
oft fork, less people followed the research and it was not mentioned on soc=
ial media repeatedly by the respected developers like other soft forks.<br>
<br>
/dev/fd0<br>
<br>
<br>
Sent with Proton Mail secure email.<br>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">=
bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
</blockquote></div></div>

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