#388: OP_VAULT and Bitcoin Governance with James O'Beirne

Jan 16 2023 • 1hr 41m

Show Notes

Join Marty as he sits down with James O'Beirne to discuss the OP_VAULT proposal, the way Bitcoin Core is governed, and some bearish vibes.

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6:23 - Opening riff
9:45 - OP_VAULT
12:18 - Origins of covenants
16:02 - Further iterations and designing the best vault
21:18 - Explaining vaults
25:36 - UTXO batching
27:32 - Use cases
32:29 - Ideal UX
37:03 - Feedback on the opcode
42:22 - Zooming out on implications
43:47 - Back to mailing list feedback
45:48 - When is the BIP coming?
48:09 - Bitcoin core governance
55:55 - Bitcoin ossification
59:32 - How should governance change?
1:06:43 - New blood in Core project
1:10:04 - Bearish vibes
1:16:51 - Is there room for project managers?
1:20:13 - Supporting new developers
1:29:53 - Bearish again
1:32:17 - Back to OP_VAULT
1:37:30 - Plugs and closing riff

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Activity

@mrmr

9,674 sats

Jan 17 2023

some GREAT insights into 'life as a bitcoin dev'. the idea of any covenants in bitcoin has always concerned me, but like the guest said: we've already got multisig ... thanks for another great rip.

@captain_stacks

Jan 29 2023

You can already make a vault, but nobody wants to take the effort. They are deluded by the promise of easier vaults, but will trust a wallet to generate it correctly.

@mark

8,008 sats

Jan 17 2023

it's pronounced 'DEH-nih-grate' (denigrate). also, great rip. go vaults.

@martybent

Jan 17 2023

that’s on me

@blokchainboog

5,000 sats

Jan 27 2023

Good dose of reality. humans power Bitcoin! this is proof

@vake