cover of episode BR023 - OP_VAULT for Bitcoin Covenants Panel ft. James O'Beirne, Rijndael, Antoine Poinsot & Carman

BR023 - OP_VAULT for Bitcoin Covenants Panel ft. James O'Beirne, Rijndael, Antoine Poinsot & Carman

2023/2/11
logo of podcast Bitcoin.Review Podcast with NVK & Guests

Bitcoin.Review Podcast with NVK & Guests

Frequently requested episodes will be transcribed first

Shownotes Transcript

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:

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