Thank you for the thoughtful responses! They’re super helpful. I’ll split up my follow-ups into a few replies.
Thanks for sharing this! It’s fascinating how long these ideas have been discussed. I can understand why people find recursive covenants concerning.
@ariard Do you think that a covenant that can only commit to the mined location of a spent outpoint (and not the outpoint independent of its location) would be safe from the concerns Maxwell raised of permanently encumbered sats?