sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<bsm1175321> thought bubble: ANYPREVOUT creates the possibility for perpetual covenants. If a 1-in-1-out SIGHASH_SINGLE transaction is created sending to the same address and the corresponding key deleted, the only possible way to spend those coins is to compose that SIGHASH_SINGLE snippet in another transaction.
<kanzure> you can have a "perpetual covenant" by deleting a key and making a coin unspendable anyway
<bsm1175321> Well, there are lots of ways to make coins unspendable. All the other ways don't create new transaction load though.
<bsm1175321> Note the above doesn't work with pubkey recovery since the output commits to the pubkey. You have to actually delete a key or trust that someone did delete it.
<bsm1175321> In as much as "perpetual covenants" is used as an argument against certain covenant mechansims...
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