Schlaus Kwab on Nostr: > Bitcoin covenants are a proposed feature designed to enhance the control mechanisms ...
> Bitcoin covenants are a proposed feature designed to enhance the control mechanisms over Bitcoin transactions. Traditional Bitcoin transactions allow senders to specify only the recipient and the amount to be transferred. Once bitcoins are sent, the sender has no control over what the recipient does with them. Covenants aim to extend this functionality by allowing the creation of rules or conditions that specify how the received bitcoins can be spent in the future.
On the first look #Bitcoin #covenants don’t sound like a very desirable feature. Would love to know if im missing something. Can somebody point me to an intelligent discussion/pro/contra?
Published at
2024-04-01 14:30:45Event JSON
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