Bitcoin PIPEs v2: Cryptographic alternative to soft-fork covenants proposed

Misha Komarov of Allocinit introduces Bitcoin PIPEs v2, a Witness Encryption design that uses cryptography to emulate covenant behavior without altering consensus rules. The approach replaces complex soft-fork proposals like CTV, CSFS, OP_CAT, and OP_VAULT with a zero-knowledge proof-based method for locking signing keys under NP statements.