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lines changed Original file line number Diff line number Diff line change @@ -43,9 +43,9 @@ Covenants are restrictions on how a coin may be spent beyond key ownership.
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This is a general definition based on the legal definition which even simple
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scripts using CSV would satisfy. Covenants in Bitcoin transactions usually
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refer to restrictions on where coins can be transferred. Covenants can be
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- useful to construct smart contracts. As covenants are complex to implement and
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- risk of introducing fungibility discriminants they have not been seriously
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- considered for inclusion in Bitcoin .
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+ useful to construct smart contracts. Covenants have historically been widely
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+ considered to be unfit for Bitcoin because they are too complex to implement
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+ and risk reducing the fungibility of coins bound by them .
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This BIP introduces a simple covenant called a *template* which enables a
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limited set of highly valuable use cases without significant risk. BIP-119
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