bitkojine on Nostr: Censorship risks arise from flexible covenants, allowing governments or corporations ...

Censorship risks arise from flexible covenants, allowing governments or corporations to enforce

- Allowlists: Bitcoins can only be spent to approved addresses.
- Denylists: Bitcoins cannot be sent to specific addresses (e.g., sanctioned entities)

Even if these restrictions aren't feasible in the initial implementation, introducing programmable spending conditions could increase Bitcoin's vulnerability to regulatory pressure