#388: OP_VAULT and Bitcoin Governance with James O'Beirne
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 804 Ratings
🗓️ 16 January 2023
⏱️ 101 minutes
🧾️ Download transcript
Summary
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.
Follow James on Twitter
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
Shoutout to our sponsors:
TFTC Merch is Available:
Join the TFTC Movement:
Main YT Channel
Clips YT Channel
Follow Marty Bent:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Suffrage's your boy Marty here to introduce this rip of TFTC set down with a fellow |
| 0:12.6 | beefy Bitcoin boy James O'Burned, first time on the pod in quite a bit, sat down to talk about |
| 0:18.5 | his new proposal, Op Vault, which would bring a vault structure to bitcoin |
| 0:26.3 | very interesting very much need would help give people peace of mind as they secure their |
| 0:31.7 | bitcoin give them a fail safe if anybody tries to attack their stash very interesting conversation we also weighed into |
| 0:39.6 | the state of a bitcoin governance which james is a bit bearish on i think it's a very important |
| 0:44.3 | episode for you freaks to listen to to get a perspective of a core developer i want to say |
| 0:50.9 | he's burned out but is a bit dismayed at the state of the Bitcoin software project. |
| 0:57.9 | So you guys are going to enjoy it. |
| 0:59.6 | Before we get into the ad reads, we have to read the top four boost from RIP 387, building lightning network infrastructure with Graham, Krizik from voltage. |
| 1:11.0 | First shoutout at letter 6173, 7,77s. |
| 1:15.6 | Solid content, excited for what the next decade will bring for Bitcoin. |
| 1:19.5 | Thank you, letter 61.73. |
| 1:22.3 | At blockchain bug, 1,000 sats. |
| 1:25.1 | When core lightning, question mark. |
| 1:26.6 | When clear net node, question mark, aimed at the |
| 1:30.0 | voltage team. |
| 1:31.0 | At Slim Shady, 101 sats, smallest palindrome. |
| 1:34.9 | You're wrong, Slim Shady. |
| 1:36.7 | 11 is the smallest palindrome. |
| 1:39.1 | At Frank America, 100 sats, voltage. |
| 1:42.3 | Thank you guys for contributing. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marty Bent, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marty Bent and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.