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