Episode notes
In this episode, Stephan sits down with Arbedout to explore one of the most debated technical topics in Bitcoin today: covenants, vaults, and the future of Bitcoin custody infrastructure.
They discuss why many people may be misunderstanding where the real demand for covenants comes from, and how covenant-related features could improve Bitcoin self-custody through vaults, spending limits, recovery mechanisms, and more secure long-term storage setups.
The conversation also explores Bitcoin adoption, conviction, long-term store of value dynamics, and the psychological challenges of holding Bitcoin through volatility.
Timestamp:
(00:00) – The privacy problem with co-signing today
(03:25) – What does Sigbash allow us to do?
(08:15) – What is Oblivious Signing?
(12:20) – Privacy, Regulation, and Reducing Multisig Honeypot Risks
(15:10) - What does Sigbash use look like in practice? Inheritance, Vaults, and Multisig
(19:50) - Can the server grief the user?
(21:10) – Mobile Wallets, Assisted Self-Custody, and NeoBank Possibilities
(25:50) - Sigbash project and product
(28:29) – Sigbash vs PIPES vs BinoHash Explained
(33:01) – Covenant Demand, Bitcoin Security, and the Future of Self-Custody
(36:33) – Closing Thoughts
Links:
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