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Blue Collar Bitcoin
BCB145_NVK: Bitcoin Doesn't Care What You Think
Jan 30, 2024
NVK, Dan, and Josh discuss Bitcoin advancements like CTV and Lightning Network, Coinkite products, and self-custody best practices. They emphasize Bitcoin's indifference to public opinion and its role as a store of value. The conversation also touches on Swan Bitcoin, non-monetary transactions, AI language models, and potential Bitcoin upgrades.
01:04:15
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Quick takeaways
- CTV enhances Bitcoin security by allowing parameters for spending, ideal for automated cold card solutions.
- Inheritance mechanisms on-chain enforced by CTV enable secure asset distribution based on predefined rules.
Deep dives
CTV and Vault Applications
Check template verify (CTV) allows parameters to be added to how Bitcoin can be spent by adding a script to the output, making the UTXO itself only spendable when certain conditions are met. CTV is seen as safe and can enhance on-chain security. One key application is using CTV for vaults to create automated cold card on-chain solutions, improving on-chain safety by a significant margin.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode