BR023 - OP_VAULT for Bitcoin Covenants Panel ft. James O'Beirne, Rijndael, Antoine Poinsot & Carman
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
Notes & Resources
OP_VAULT: mailing list - a new vault proposal [bitcoin-dev]
Episode submission ideas
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Get in touch with the pod
Nostr & LN ⚡nvk@nvk.org (not an email!)