Podcasts: S15 E49: Edan Yago on BitcoinOS, Permaware & Scaling Bitcoin 🔗 5 weeks ago

Edan Yago is the co-author of BitcoinOS: the first Zero Knowledge proof system to get verified on Bitcoin's main net. BitcoinOS is a significant breakthrough, as it endows Bitcoin with extended financial features without the need for a soft fork.

Time stamps:

Introducing Edan Yago... again in season 15! (00:00:45)

BitcoinOS, The Shared Computation & Smart Contract System for Bitcoin (00:02:36)

Introduction of BitSnark (00:05:55)

Emulation of Conditional Payments Without a Covenant Soft Fork (00:06:13)

BitSnark vs. BitVM (00:06:51)

Taproot's Untapped Role (00:09:37)

Scalability of Bitcoin (00:13:14)

Understanding zk Proofs & Rollups (00:15:39)

Defining Zero Knowledge Proofs (00:17:35)

Potential of zk in Bitcoin OS (00:20:13)

Bitcoin's Unique UTXOs with ZK Proofs (00:20:41)

Future of Bitcoin Transactions (00:21:45)

Scalability and Bitcoin Transactions (00:22:58)

Concerns About Miners' Incentives (00:23:15)

Value of Bitcoin Block Space (00:25:29)

DeFi and Bitcoin Settlement Time (00:26:48)

Rollups vs. Sidechains (00:29:04)

Permissionless Innovations (00:31:30)

Trust Assumptions in Bitcoin OS (00:35:22)

Optimistic Verification Explained (00:36:34)

Economic Shift in Bitcoin Mining (00:39:09)

Importing Smart Contracts (00:40:42)

Fragmentation and Consolidation (00:41:08)

Bitcoin's Monetary Network Effect (00:44:46)

Native Privacy in Bitcoin (00:45:45)

Creating Private Addresses (00:47:10)

Counterparty and Historical Context (00:48:37)

Transaction Costs in Bitcoin OS (00:49:45)

Interoperability with Existing Projects (00:51:07)

Value of Existing Systems (00:53:55)

Covenants and Soft Forks (00:55:10)

Trade-offs of Soft Forks (00:57:37)

Concerns about Unintended Consequences (00:59:25)

Cultural Hardening of Bitcoin (01:00:12)

Testing Zcash Transactions (01:01:04)

User-Friendly Software Implementation (01:01:19)

Excitement for Sovereign and Rollups (01:04:01)

Philosophical Debate on Bitcoin Code Changes (01:05:28)

Decentralization as a Tool (01:06:56)

Role of the Lightning Network (01:08:14)

Custodial Solutions vs. Self-Custody (01:11:44)

Cold Storage Capabilities in BitcoinOS (01:15:12)

Running a BitcoinOS Node (01:15:47)

Token Necessity for Bitcoin OS (01:16:14)

Encouraging Node Operation with Tokens (01:18:02)

Bitcoin's Resurgence (01:19:47)

Long-term Commitment (01:20:47)

Living Off Bitcoin (01:21:09)

Follow Yago and Projects (01:21:32)

Conclusion (01:22:29)