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Covenants are a crucial piece of functionality that is missing from Bitcoin. It's amazing that developers have been discussing them for a DECADE without settling on a proposal.

@lopp Can you be more specific? Feels to me scripting + timelocks can do some of it, no?

I need to catch up, but this paper should be good considering the authors.

As for adoption, well, that's another story. I find the guys at Nunchuk.io wallet are pushing for some covenants functionality.

arxiv.org/abs/2006.16714

@mukona Yes I have a lengthy blog post I'll be publishing in the coming days. Covenant constructions with existing script functionality are unwieldy and too complex to expect anyone to adopt them.

@lopp are you volunteering to work on a proposal? :)

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