> 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?
Schlaus Kwab
npub182j…m4rf
2024-04-01 16:30:45
Author Public Key
npub182jczunncwe0jn6frpqwq3e0qjws7yqqnc3auccqv9nte2dnd63scjm4rfPublished at
2024-04-01 16:30:45Event JSON
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"content": "\u003e 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.\n\nOn 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?",
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