Ethan Heilman's rationale for the current covenant proposals document on the Bitcoin wiki. This is likely to change over time.
My rationale is guided by the following principles:
- I am not evaluating based on what I rate the consensus to be, but on what I think we should activate.
- In cases where two proposals have roughly the same functionality, I do not pit them against each other. I ask, would I be conformable activating either one.
Currently my rationale focuses most heavily on CAT, as I am most familar with CAT. This is likely to change as I continue to update this document.