Bitcoin OG Drops Bombshell on Latest Drama — This Changes Everything | James O'Beirne

James O'Beirne, former Bitcoin Core developer, discusses the current state of protocol development, focusing on covenant proposals like CTV and their importance for scaling Bitcoin. He critiques Core's focus on mempool issues rather than fundamental protocol improvements needed for broader adoption. The conversation covers OpReturn policy debates, institutional ownership risks, vault technology benefits, Lightning Network progress, and the challenges of achieving consensus for soft fork activation in the Bitcoin ecosystem.

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0:00 - Intro
0:41 - Multi axis issue
5:12 - Core governance
9:41 - Derailing productive discussions
17:05 - Fold & Bitkey
18:32 - CTV
29:24 - Unchained
29:53 - Magnitude of change
41:45 - Covenant proposals
50:16 - CTV benefits
57:56 - Institutional ownership
1:05:26 - Moving forward

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