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Great Script Restoration with Rusty Russell SLP577
· 22.05.2024 · 13:03:01 ··· MiTTwoch ⭐ 31 🎬 493
📺 Stephan Livera
Official Podcast Episode: https://www.stephanlivera.com/577
Rusty Russell rejoins me on the show to talk about a new idea for a bitcoin soft fork that hopefully avoids some of the ‘horse trading’ dynamic that existed amongst other proposals. Listen in to learn more about the different paradigm that Rusty introduces here, so that developers can build more functionality and efficiency in, hopefully so that more people can use Bitcoin in self-custody.
Bitcoin Script background
GSR overview
GSR benefits
What is varops
Contrast with APO or LNHANCE?
Will it enable shitcoins and spam?
Timestamps:
00:00 - Intro
01:20 - What are Bitcoin Scripts?
02:43 - Why did Satoshi disable Opcodes in 2010?
05:49 - Implications of not having scripts?
07:39 - Great Script Restoration GSR overview
09:53 - What does GSR enable?
16:00 - Scaling through sharing UTXOs
20:13 - Would GSR affect the existing scripts?
23:29 - What is Varops?
31:19 - Varops Summary
33:40 - Feasibility of creating Varops budget?
38:19 - Contrast with APO or LNHANCE?
41:15 - Why do we need GSR?
44:28 - GSR: Way forward
48:25 - Efficiency with GSR
51:09 - Will it enable shitcoins and spam?
56:30 - Closing Thoughts
Relevant previous episodes:
SLP565 Great Consensus Clean up, MEVil and LN isn’t dead – Steve Lee and Matt Corallo : https://stephanlivera.com/episode/565/
SLP573 A Shift in Bitcoin Developer Thought? with Brandon Black (aka reardencode) : https://stephanlivera.com/episode/573/
Links:
- X: @rusty_twit : https://twitter.com/rusty_twit
- Site: Rusty.ozlabs.org : https://rusty.ozlabs.org/
- Rusty’s BTC plus plus talk on GSR : https://www.youtube.com/watch?v=rSp8918HLnA
Sponsors:
- Swan.com (code LIVERA): http://swan.com/livera
- CoinKite.com (code LIVERA) : http://coinkite.com/
- Mempool.space : https://mempool.space/
Stephan Livera links:
- Follow me on X: @stephanlivera :https://twitter.com/stephanlivera
- Subscribe to the podcast : https://plinkhq.com/i/1415720320
- Subscribe to Substack : https://stephanlivera.substack.com/
· 22.05.2024 · 13:03:01 ··· MiTTwoch
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