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31 sats \ 5 replies \ @kr 10 Feb 2022 \ on: I am Jeremy Rubin, author of BIP-119 CTV & Bitcoin Contributor, AMA bitcoin
What are some of the Bitcoin smart contract applications you're most excited about?
Personally I am really excited about Payment Pools as a Big New Trend™ for Bitcoin, especially with majority rules (v.s. unanimous) on txns, since those look like DAOs. Love em or hate em, I think DAOs as vehicles for capital formation and management is really exciting, and something I'm looking to spend more time making infrastructure for.
Generally, I see current users excited about Vaults since self-sovereign security is a huge deal, and CTV represents a non-marginal improvement to what can be done today.
Non-interactive lightning channels are a super straightforward improvement for lightning companies who oboard many users.
Lastly, the DLC research Lloyd F posted about recently makes DLCs a lot more practical with CTV, which I think is also highly exciting.
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Interesting - are there any particular companies or groups of users who you think would be quick to adopt Payment Pools?
Trying to wrap my head around some of the emerging use cases for them...
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I think that I could see a Payment Pool from wasabi/samurai since it can be closely related to CoinJoin.
but from a company perspective I think that lots of businesses (e.g. exchanges?) might connect their hot wallets into payment pools to streamline cut-through between exchanges with higher value caps than might be comfortable for e.g. Lightning.
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Had a few more unrelated questions...
How healthy is the Bitcoin and Lightning developer ecosystem?
Are you seeing fewer/more talented people begin building on Bitcoin than in past years?
Are you noticing more development activity moving onto Lightning?
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IMO about as healthy as an anemic 3rd degree burn victim with long covid :)
Right now, you can leave your Google job and raise a seed/pre-seed of $1-5M at a $30-50M valuation to build on Ethereum.
You'd have to be nuts to -- on purely financial motives -- decide to work on Bitcoin instead.
That's OK because we don't want the merc's, we want passionate dedicated individuals, but consider if you're trying to build a bitcoin company and that is the ability to pay for talent you have to compete with. It is going to suck.
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