Good conversation @GwartyGwart @p0stc4p0n3
Some responses to a few points that were made...
NEW GWART POD:
OP_Cat, Bitcoin MEV, and Scaling Bitcoin With Post Capone
Welcome back to The Gwart Show! Today, Bitcoiner Post Capone joins us to talk about the risks of OP_CAT activation, MEV extraction concerns on Bitcoin, how increased expressivity could lead to mining centralisation, the promise of scaling solutions like Arc and Spark, and why constrained covenants like CTV might be a better path forward than unlimited expressivity.
Timestamps:
00:00 Start
00:27 Who is Post Capone?
03:05 OP_CAT
07:11 Erosion of MEV
11:29 Expressivity of OP_CAT
20:56 Execution on L2
23:33 Elipsis Labs
24:33 OP_CAT vs CTV
28:20 What should be on Bitcoin?
35:32 Stablecoin Maxi
38:42 Programmatic lending contracts
40:30 Ark
44:14 BitVM
47:02 Scaling solution adoption
50:07
54:12 Rollups
RE: whether Ethereum rollups are "successful", @GwartyGwart answered "No", and there were questions about commercial success as well as trust minimisation.
– On commercial success: rollups do 10x UOPS vs L1
– On trust minimisation: Base is actually better than most rollups here
@p0stc4p0n3 concludes at the end that instead of enabling more expressivity on L1, we resign ourselves to BitVM. This would be a depressing outcome for me. We don't accept a 1-of-N trust model for bitcoin L1, why should expressive L2 users have to accept that trust model forever?
@p0stc4p0n3 I am interested in the mevil research you mentioned and happy to have a look if you want another set of eyes on it 👀
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