DRA

BitVM's Limits and BIP300's Advance-Warning Defense | L2L Spaces | 2023-11-24

November 24, 2023Original source

Paul Sztorc and Super Testnet ask why BitVM sucks and spend the episode separating useful innovations from practical limits. Super says BitVM's validator set is hard to expand after setup, its off-chain computation can require enormous data transfer, and a 51% miner can interfere without giving users much warning. Paul argues BIP 300 is stronger because withdrawals take time, miners visibly vote, and users can identify and pressure pools before an attack succeeds. Super proposes mitigation paths including time-locked withdrawal blobs, re-signing validators, and a derivative contract with existing validators, while both discuss covenants, CTV, OP_CAT, and activation politics. Robin Linus appears briefly. Super later explains his SHA-256 implementation, the terabytes of data needed to simulate a CPU, experiments with Game Boy and 8-bit hardware, and how BitVM programs are committed to tap trees and resolved through Bitcoin transactions.

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