I think we'll manage without covenants as well. But sure, better with, if there's overwhelming consensus.
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I mean, I mean covenants, eventually. We have things to work out with them. Or other scaling methods.
There just isn't block space for 8 billion people to transact on chain more than a handful of times. And Ark/Spark as is are pretty sorry tradeoffs for a full stack when it comes to general sovereignty.