James O'Beirne discusses Bitcoin development challenges, the CTV soft fork controversy, and why protocol upgrades have stalled. He explains the community response to his developer letter and Bitcoin's ossification risks.
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Bitcoin developer James O’Beirne joins us to talk about the current state of Bitcoin development, the controversial CTV (OP_CheckTemplateVerify) soft fork proposal, and why he organized a letter signed by 66+ prominent Bitcoin developers requesting Bitcoin Core focus on protocol upgrades. We dive deep into Bitcoin's development culture, the post-SegWit era challenges, and the growing concern about Bitcoin's ossification.
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**Notes:**
• 66 developers signed CTV support letter
• 96% of Bitcoin value uses non-taproot outputs
• 19% of global hashrate supports CTV proposal
• 5+ years of CTV development and testing
• 5 Bitcoin bounty offered for CTV bugs found
• 16.5 years since Bitcoin's initial release
Timestamps:
00:00 Start
01:55 Jame's work
08:33 History of BTC development
12:37 Culture & the block size war
16:34 Code change process
24:29 The CTV letter origin
33:53 Reception of the letter
38:33 Why is there resistance?
40:53 Alternative proposal
48:20 Upgrade Hooks
50:36 Future outlooks for changes
54:49 Reasons for optimism
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