Incredible work and post. This kind of content makes me glad I’m subscribed to emails.
Can you elaborate on precisely why this is the case. I’m not sure I intuit why this is necessary. In theory the injunction period in the existing protocol is two rounds max: breach and justice. In eltoo, my understanding is that it is still two rounds: breach and fast-forward.
I’m thoroughly unsurprised by this as CTV/Covenant schemes can, in principle, give you state-graph cut-through on any state machine encoded into Bitcoin transactions. However, I do have a question as to whether alternative covenant schemes also give you this property? I suspect but am not certain that they can.