Please explain how covenants help solve scalability. I’m wondering how these proposals address the uncertainty of fees.
It seems to me that restricting payments to a particular address assumes tha...
Think from the other direction: covenants are useful not just to restrict your own spending, but mainly because you can prove to a counterparty that you cannot spend it any other way. This removes a layer of trust, that currently we can only solve with multisigs, but with that comes a bunch of interactivity requirements.
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