Bitcoin Scalability Conversations Shift to More Nuanced Solutions Like Covenants

Bitcoin needs to scale to be widely adopted. Covenants help scale Bitcoin by allowing more users to share ownership of coins on the base layer.

Covenants enforce restrictions on how future bitcoin transactions can be spent, similar to pre-signed transactions.

There are risks with some covenant proposals. TapleafUpdateVerify could enable sidechains without activating drivechain BIPs, which could be detrimental long-term.

People misunderstand Layer 2 solutions, thinking you can just add layers to scale endlessly. But Layer 2s must still interface with Bitcoin's base layer.

The Bitcoin community is moving past tribalism and oversimplification, leading to more substantive and productive conversations on scaling.