This is what happens when you disrespect Bitcoin L1. Adam Back was cited by Satoshi himself. He built his career preaching Bitcoin's security. Then the company he leads asked users to leave L1 and trust another consensus system. You don't put 4,000 BTC at risk and walk away with the same reputation. This is why we need covenants directly on Bitcoin L1. Bitcoin is a 2-stack push-down automaton. Bitcoin is not Turing-complete. Bitcoin is not programmable. Bitcoin needs transaction introspection. A script can inspect the spending transaction itself and bind the next outputs to derived addresses satisfying the policy. We no longer ask "who signed?". We ask "where is this allowed to go?". That’s a Bitcoin Covenant.
OP_RETURN · Output 0Block 966,536