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Jun 14 2023

Can we just recognise that gold lost? They will try to find a way to game the Bitcoin same way.

I'm joined by guests James O'Beirne, Rijndael, Antoine Poinsot and Ben Carman to discuss OP_VAULT for Bitcoin covenants.

Discussion Topics:

  • 00:03:40 Overview of OP_VAULT
  • 00:10:34 Practical examples of OP_VAULT
  • 00:14:44 Anchors and fee management mechanisms
  • 00:17:05 Fee management
  • 00:20:37 Generating addresses
  • 00:23:44 Use cases for OP_VAULT
  • 00:26:29 Key management
  • 00:31:56 Inheritance planning
  • 00:33:35 Simplicity vs complexity
  • 00:38:42 OP_VAULT practical applications
  • 00:44:34 Covenants and discreet log contracts
  • 00:57:44 OP_VAULT benefits
  • 01:05:31 Criticisms and risks
  • 01:09:27 Watchtowers and handling blockchain information
  • 01:12:35 Fungability concerns
  • 01:18:46 Drivechains & CTV
  • 01:21:34 Unforseen consequences (ordinals)
  • 01:23:03 Activating OP_VAULT
  • 01:42:15 Chain ossification
  • 01:43:23 Bitcoin vs gold - attack vectors
  • 01:51:37 Further reading

Links & Contacts:

  • Website: https://bitcoin.review/Podcast
  • Twitter: https://twitter.com/bitcoinreviewhq
  • NVK Twitter: https://twitter.com/nvk
  • Telegram: https://t.me/BitcoinReviewPod
  • Email: producer@coinkite.com
  • Nostr & LN:⚡nvk@nvk.org (not an email!)

Full show notes: https://bitcoin.review/podcast/episode-23/

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