Moonsettler is a bitconer who adheres to the old school cypherpunk values and believes that the best way ahead is to enable OP_CTV (BIP119) or LNHANCE.

However, the biggest problem is the generalized loss of focus. If last year there seemed to be consensus that Bitcoin needs covenants to improve scalability and bring new use cases, now the landscape is rather gloomy. Even Moonsettler changed his Twitter screen name to Doomsettler, as a reflection on this status quo.

00:01:16 Welcome Moonsettler (Doomsettler)

00:02:40 Delayed Interview and Original eCash Debate

00:03:14 Why eCash (Chaumian Cash) Never Took Off

00:04:00 Criticism of Custodial Scaling Solutions

00:05:14 Bitcoin as Decentralized Chaumian eCash

00:06:13 Fake Austrian Economics and Full Reserve Myths

00:08:32 Loss of "No Trusted Third Parties" Culture

00:09:52 Verifiable Supply vs Historical Fraud

00:13:40 Proof of Liabilities in eCash Mints

00:15:42 Cashu Fraud Proofs and Bug Bounty

00:18:20 Chaumian Blind Signatures Explained

00:24:48 Non-Custodial Credit eCash Ideas

00:30:39 Why Debit eCash Won't Scale Bitcoin

00:36:34 Bitcoin Like Linux – Oppose Custodial Layers

00:37:13 Unlimited Paper Bitcoin vs 21M Cap

00:41:25 Loss of Proof of Keys Culture

00:46:26 Doomsettler Mindset on Bitcoin's Future

01:09:30 Early Exchange Compliance Issues

01:11:37 Satoshi's Peer-to-Peer Vision

01:15:13 Satoshi's OPSEC and Disappearance

01:19:13 Craig Wright Not Satoshi

01:26:05 Libertaria and Frontier Culture

01:28:31 No More Frontiers for Freedom

01:39:21 App Delistings and PWA Debate

01:49:16 Twitter Worse Under Elon Musk

01:55:35 AI Ruining Internet Trust

01:56:33 Introduction to Covenants

01:57:04 Covenant = Unbreakable Promise

02:00:55 History of Covenant Discussions

02:01:29 Permanent Encumbrance FUD Debunked

02:03:38 Control Today via Multisig (No Covenants)

02:07:26 Covenants Don't Break Fungibility

02:08:35 Covenants Reduce Trust in L2

02:11:46 Post-Quantum Covenant Advantages

02:13:46 OP_CTV Explained

02:15:42 Non-Interactive L2 Settlements

02:20:23 Congestion Control with Covenants

02:29:08 Ordinals Drama & OP_CAT Risks

02:31:43 Jeremy Rubin Context

02:33:49 LNHANCE Package (CTV + More)

02:36:51 Why LNHANCE is Conservative

02:44:26 2022 CTV Activation Drama

02:47:27 Curiosity vs Annoyance Motivation

02:49:04 Andreas Antonopoulos FUD Clip

02:51:15 Need for Covenant FUD FAQ

02:53:47 Persistent CTV Critics

03:55:27 Covenant FUD Knowledge Base Need

03:56:26 Steven Roose Support

03:57:40 Covenant Table on Wiki

03:58:56 Isolated Op Code Comparisons Issues

04:00:34 OPCAT vs CTV Preferences

04:01:48 Table Inconsistencies

04:02:19 Ordinals Devs Pushing OPCAT

04:03:26 CTV Strengths and Risks

04:10:22 Ideal Packages (Great Script Restoration)

04:43:24 Pink Floyd "The Wall" Analogy

04:45:49 Citadel Critique

04:49:49 Need for New Frontiers

04:51:56 Disagreeable Societies Preserve Freedom

04:54:56 Special Economic Zones for Renewal

04:57:50 Altcoins as Competition/Experiments

04:59:20 Privacy Coins Driving Response

06:00:34 Monero Privacy & Community

06:04:42 FCMP++ Upgrade

06:05:37 Monero Quantum Roadmap

06:07:16 Quantum Risks to Monero

06:09:47 Zcash Preference & Compatibility

06:11:34 ZK Privacy Advantages

06:13:16 Drivechains & Peg Risks

06:17:45 Spacechains

06:20:31 Quantum Threats to ECDSA

06:26:49 PQ Soft/Hard Fork Debate

06:34:57 Covenants for PQ Vaults

06:38:14 Ark Protocol

06:42:33 Lightning Custodial Risks

06:50:19 BitVM & Optimistic Rollups

06:55:44 Bitcoin Dev Culture Disappointment

07:49:05 Austrian vs Cypherpunk Values

07:53:20 Austrians Dislike Data

07:54:39 Full Reserve Myth

07:55:56 Core Dev Covenant Silence

07:57:32 Core Ignoring Covenants

07:58:22 Floppy's Drunk Posting

08:00:38 Calle's Cashu Story

08:02:02 Privacy Respect & Avoiding Doxing

08:02:29 Floppy's Drunk Tweets

08:03:48 Tolerance for Abusive Behavior

08:04:15 Understanding Non-Engagement with Floppy

08:04:32 Floppy as Builder (Joinstr Plugin)

08:04:57 Luke Dashjr Funding Complaints

08:05:23 Luke's Likability & Hack

08:06:36 Ocean Mining Business Model

08:08:36 Reducing Antpool Hash Dominance

08:08:56 Miner Template Building Debate

08:09:02 Mining Centralization Concerns

09:38:04 9+ Hour Marathon Reflection

09:38:45 Girlfriend & Cat Interruptions

09:39:12 How to Follow Moonsettler

09:39:45 Moonsettler's Twitter Content Focus

09:40:38 Shoutout to SimulXXX (CTV Advocate)

09:41:29 Moonsettler as Crypto Hobbyist

09:42:37 Major Contributions Discussion

09:43:38 Non-Interactive Hardware Wallet Proofs

09:44:36 Sharing Personal Bitcoin Vision

09:45:14 Coldcard Experimental Implementation

10:03:18 Seed Backup Durability & Preference for Burnable Paper Backups

10:04:22 Manual Entropy & Seed Splitting

10:05:01 Early Self-Custody Cheat Sheets

10:05:25 Hardware Wallet Entropy Risks

10:06:30 Dice-Rolled Seeds vs Hardware

10:07:27 2-of-3 Backup Scheme

10:07:59 Crypto Steel Promo

10:08:24 10-Hour Mark, No Bathroom Break

10:08:49 Thanks & Merry Christmas

10:09:41 Next Episode Tease