TFTC: A Bitcoin Podcast

#441: Miniscript and Bitcoin Risk Products with Rob Hamilton

Aug 24, 2023

Rob Hamilton, developer of Anchorwatch and expert in Miniscript and Bitcoin risk products, joins Marty to discuss topics such as ninja launch, bluechecks, content models, drivechains and OP_VAULT, Miniscript, balancing complexity at Anchorwatch, Bitcoin risk products, Anchorwatch policy construction, UX, impatience, edge cases, MPC, upgrades with unknown unknowns, Bitcoin in macro, and urgency.

01:45:46

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Episode guests

Rob Hamilton

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Episode notes

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Quick takeaways

Mini-script simplifies the creation of complex multi-signature setups and enables the development of insurance products for secure Bitcoin custody.

Anchor Watch leverages mini-script to offer secure Bitcoin custody solutions backed by insurance coverage, simplifying custody and promoting broader asset adoption.

Bitcoin's scripting language, like MiniScript, enables programmable money, fostering innovation in building applications and services on top of Bitcoin.

Deep dives

Mini-script simplifies custody solutions and enables more advanced constructions

Mini-script is a tool that allows for more advanced custody solutions by leveraging Bitcoin's signature, time lock, and hash lock. It simplifies the process of creating complex multi-signature setups, such as key hierarchies and decaying multi-sigs. These custody solutions provide better security and governance options for individuals and enterprises. Furthermore, mini-script enables the creation of insurance products that offer peace of mind and protection for Bitcoin holders. By using mini-script, users can ensure that their funds are securely stored and can access additional value-added services like insurance.

Introduction

4min

Bitcoin Talonco, Rise of Bitcoin, and Protocol Changes

3min

Bitcoin Adoption and Blue Checks

6min

Content Distribution and Monetization

4min

Coordination of Multi-Sig and Coin Joint Transactions

30min

The Evolution of Bitcoin Wallets and the Importance of User Experience

12min

Edge Cases in Bitcoin's Absolute Time Locks

19min

Exploring Mini-Script and Lightning Technology

17min

Impending Debt Burden and Inevitable Devaluation of the Dollar

2min

10.

AI, Language Models, and the Concept of Mass Devaluation

4min

11.

Exploring the Bitcoin world through BitDevz meetups

4min

Marty sits down with Rob Hamilton to discuss Anchorwatch and keeping focus on Miniscript and maximizing its potential.

Rob on Twitter: https://twitter.com/Rob1Ham

Anchorwatch: https://www.anchorwatch.com/about

5:30 - Ninja Launch
7:43 - Bluechecks
13:31 - Content models
18:18 - Drivechains and OP_VAULT
22:58 - Miniscript
27:07 - Stepping back on Miniscript
33:50 - Balancing complexity at Anchorwatch
36:17 - Bitcoin risk products
42:52 - Anchorwatch policy construction
47:15 - UX
51:58 - Impatience
55:17 - Get your hands dirty
59:31 - Edge cases
1:06:22 - MPC
1:18:54 - Upgrades with unknown unknowns
1:27:34 - Bullish
1:32:43 - Bitcoin in macro
1:39:59 - Urgency