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

TFTC: A Bitcoin Podcast

Jan 16, 2023•1 hr 41 min

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Episode description

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