Citadel Dispatch

CD86: Miniscript with Rob, Vivek, and NVK

Jan 11, 2023

Speakers discuss mini script and Bitcoin script op codes, optimizing Bitcoin transactions with mini script, security and verification in hardware wallets, integrating Moosig, the use of Ledger and cold cards, design space and limitations of Bitcoin script, improving Bitcoin user experience, exploring Luke Dasher's setup and risks, and final thoughts on wallet security and multi-institutional insurance solutions.

01:11:39

Creator website

Episode guests

Seardsalmon

Rob1Ham

nvk

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Mini Script enhances Bitcoin smart contracts by providing a more flexible and intuitive way to create robust scripts without requiring a soft fork.

Mini Script enables customizable spending conditions and contingencies, empowering individuals and corporate entities with greater control over their funds, including decaying multi-sig, inheritance planning, and dead man switches.

While Mini Script offers powerful capabilities, there are challenges related to user experience and verification, requiring improved tooling, standardized UIs, and gradual adoption starting with power users and institutions.

Deep dives

Introduction to Mini Script

Mini Script is a coding language that enhances the functionality of Bitcoin smart contracts on the base chain. It takes 20 of the existing Bitcoin script opcodes and creates a logic around them to allow for more robust and nuanced smart contracts. Mini Script does not require a soft fork and provides a more intuitive way to visualize and read complex Bitcoin scripts.

Introduction

5min

Discussion about Bitcoin park and bit devs experience

2min

Exploring Mini Script and Bitcoin Script Op Codes

17min

Optimizing Bitcoin Transactions with Mini Script

15min

Security and Verification in Hardware Wallets

10min

Integrating Moosig and Making it Interactive

6min

Debate on Use of Ledger and Cold Cards, Time Locks, and Gold-Plated Seed Plates

2min

Design Space and Limitations of Bitcoin Script

3min

Improving Bitcoin User Experience and Strengthening Layer One

5min

10.

Exploring Luke Dasher's Setup and Risks

5min

11.

Final Thoughts, Advice, and Shout-Outs

2min

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EPISODE: 86
BLOCK: 771467
PRICE: 5770 sats per dollar
TOPICS: miniscript, multisig wallets, inheritance planning, corporate treasuries, hardware wallets, tradeoffs
GUESTS: @Rob1Ham, @Seardsalmon, @nvk

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