BR023 - OP_VAULT for Bitcoin Covenants Panel ft. James O'Beirne, Rijndael, Antoine Poinsot & Carman
Feb 11 2023 • 1hr 56m
Show Notes
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/
Activity
@erik99
50,000 sats
Feb 13 2023
stay humble, stack sats
@michaelmatulef
21,000 sats
Feb 26 2023
Absolutely great episode 🙏. The ability to self-custody is liberating and arguably fundamental. It should be our responsibility as current Bitcoiners to do what we can to make sure that everyone who comes to Bitcoin after us has that same ability. Bitcoin has to change. The foundation for a single-family home and the world's largest skyscraper are vastly different. The same goes for Bitcoin basechain. If we want everyone to be able to self-custody with scaling we have upgrade the basechain.
@apemithrandir
15,554 sats
Feb 12 2023
double boost. OP Vault make security good. also shoutout to Stack Wallet for being the first wallet to offer PayNyms on iOS (even if they are a multi-coin wallet).
@urza_cc
7,777 sats
14 Jun
I like the insight with the gold and inflation attack via paper Bitcoin.
@vake
4,000 sats
Feb 11 2023
the only thing that would’ve improved this podcast is uninviting benthecarman
@mrmr
Feb 13 2023
i disagree.
encoding at 256kbps CBR means i dont get to listen to many episodes. that means no archiving or re-listening to eps, and therefor less sharing. oh, and the only ID3 tag populated is the year. no embedded album art, no url's or ref's to to shows title or guests.
but apart from the consistent bloating of audio file, this ep was awesome, am now bullish on OP_VAULT. such a shame that i wont be sharing this with others via my 'core library' of primo content --> 220MB is too big.
@nvk
Feb 11 2023
I will bring it up with management
@ahanniga
4,000 sats
Feb 11 2023
My only issue with something like this is unknown and unintended consequences that might actually make bitcoin more vulnerable. The recent taproot/ordinal debate comes to mind
@nvk
Feb 15 2023
a lot of studying now that’s on the BIP draft status will help
@lasitari
101 sats
16 Jun
Super-interesting forthcoming stuff here. Some difficult #taproot concepts explained easily #eli5
@monk_cactus
100 sats
Feb 15 2023
🫡