Instead of thinking about what kind of social applications decentralization can bring, we should ask: if we have a decentralized social network, what products can we build based on this network?

Poly asked me if I had fallen into the rabbit hole of covenants. I asked him why "covenants" was a rabbit hole. This interview delves into the exploration of covenants but also magnifies a slice of Bitcoin under a microscope for observation.

It shows a level of flexibility, creativity, passion, and vitality that centralized systems can’t achieve.

Please don’t try to turn Bitcoin into another Ethereum, because trustlessness is valuable, and privacy is valuable.

New protocols will open up new applications, and new applications may bring users to the blockchain with non-investment and non-financial needs, allowing the dragon to grow its other wing.