Covenant : a usually formal, solemn, and binding agreement. 

This word has become one of the most charged words in the Bitcoin space. They’re the best thing since sliced bread. They’re the most dangerous thing since the atom bomb. They aren’t really going to do anything to scale Bitcoin, but they’re neat. 

Everyone has a completely different attitude towards them. We have the pro-faction, the anti-faction, the ambivalent faction. To make matters worse, covenant is frankly a very vague term in its description of mature and concrete proposals to the protocol that would be classified as covenants. 

The degrees of difference between the functionality of different proposals that…

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