Thread by @ercwl

I doubt it

Covenants maybe, not Taproot

https://twitter.com/hectorr159/status/1403752190741815307

It is pretty easy to imagine what can be done with Taproot it you understand MAST (it merkelizes a tree of different spenderingar scripts so an output can be locked by a number of unknown rules). It gives you some nice privacy upside and potential space savings–

but feature-wise, it doesn’t really enable ”new things” that much. It’s not very functionally different except in terms of privacy.

Covenants is where bitcoin could start doing ”stranger things”, like having wallets where if you try to steal from them, the BTC can go into limbo forever and things like that. New stuff.

Don’t sit around on your ass and wait for the magic of Taproot to change things in a material way. You’ll be disappointed.

Instead, support covenants. Support OP_CTV today (BIP119). github.com/bitcoin/bips/b…