[Caveat – A critical piece of the puzzle I lay out in this episode was something I incorrectly understood, which makes this entire thought experiment moot. I explain further in Guy’s Take #55]

Today I want to isolate the problem I brought up briefly in the previous CTV episode and expand on how I’ve been exploring the concept and how it might be a problem to the economics of transaction fees and how it alters the liability of who pays for the cost of the data. I think this relates to issues from the past with soft forks like P2SH, and possibly even flipping the economic incentives to the reverse, and that CTV commitments should be more accurately thought of as “blockspace debt.” With this new framing, might there be a way to purposefully abuse this, a “Transaction Grenade” if you will? We explore this in today’s episode. Don’t forget to like and share the show with all your friends!

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“One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with ‘silent payments.'” – Shinobi

Today we dive back into privacy with payment codes, BIP47, how exactly it works, and then the recent proposal from Somsen on “silent payments” that takes this even a step further to limit the data load on the chain itself. Some really fun tricks here that help give much needed privacy to those who need it most. Listen to find out more.

Link to the original and tons of other great work from Shinobi & Bitcoin Magazine:
https://bitcoinmagazine.com/technical/bitcoin-silent-payments-secret-keys

For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:
• Get Bitcoin rewards on literally everything you buy with the Fold Card (guyswann.com/fold). Get 20% off with discount code BITCOINAUDIBLE.
• Buy Bitcoin automatically and painlessly with SwanBitcoin (swanbitcoin.com/guy)
• Keep your Bitcoin keys safe on the secure, open source BitBox02 (guyswann.com/bitbox). Discount code GUY gets you 5% off.
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message