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[BIP-119] Reword section on fungibility in motivation

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Jeremy Rubin 2022-05-23 09:35:04 -07:00
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@ -43,9 +43,9 @@ Covenants are restrictions on how a coin may be spent beyond key ownership.
This is a general definition based on the legal definition which even simple
scripts using CSV would satisfy. Covenants in Bitcoin transactions usually
refer to restrictions on where coins can be transferred. Covenants can be
useful to construct smart contracts. As covenants are complex to implement and
risk of introducing fungibility discriminants they have not been seriously
considered for inclusion in Bitcoin.
useful to construct smart contracts. Covenants have historically been widely
considered to be unfit for Bitcoin because they are too complex to implement
and risk reducing the fungibility of coins bound by them.
This BIP introduces a simple covenant called a *template* which enables a
limited set of highly valuable use cases without significant risk. BIP-119