MFTV & Bitcoin Rails | coauthor BIP 360 | Head of @MARAFoundation_ @MARA
Joined February 2010
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I’ve been wanting to do a “Great Consensus Cleanup” episode for ages now - given that it’s one of the least well understood BIPs out there (IMO) and is looking more and more likely to instigate Bitcoin’s next soft fork activation. Seems about time we break this down on the show.
Thanks to its progenitor @TheBlueMatt for joining me — and grateful to @darosior for his work in reviving this proposal in the form of BIP 54 🙏🙏
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Isabel Foxen Duke⚡️ retweeted
"This is a great time to remind folks that BIP 360 — and post-quantum output types in general — will only be *one* piece of a much larger Bitcoin quantum-resistance pie."
For anyone who wants to skip straight to the quantum portion of my interview with @TheBlueMatt, I thought I'd share this clip that specifically addresses his views on BIP 360 and other proposals for post-quantum Bitcoin output types.
This is a great time to remind folks that BIP 360 — and post-quantum output types in general — will only be *one* piece of a much larger Bitcoin quantum-resistance pie.
After we finalize an output type, we'll also have to settle on an actual post-quantum signature scheme (e.g. that proposed by SHRINCs team @n1ckler @conduition_io @kudinov_mikhail @Ethan_Heilman ), what to do about abandoned coins, recovery schemes, wallet upgrades, and much much more.
For anyone who wants to skip straight to the quantum portion of my interview with @TheBlueMatt, I thought I'd share this clip that specifically addresses his views on BIP 360 and other proposals for post-quantum Bitcoin output types.
This is a great time to remind folks that BIP 360 — and post-quantum output types in general — will only be *one* piece of a much larger Bitcoin quantum-resistance pie.
After we finalize an output type, we'll also have to settle on an actual post-quantum signature scheme (e.g. that proposed by SHRINCs team @n1ckler @conduition_io @kudinov_mikhail @Ethan_Heilman ), what to do about abandoned coins, recovery schemes, wallet upgrades, and much much more.
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Isabel Foxen Duke⚡️ retweeted
Quantum attacks could someday threaten millions in #Bitcoin. In a new interview with @isabelfoxenduke @MARAFoundation_ Matt Corallo @TheBlueMatt says developers must help everyday users move to quantum-resistant addresses and understand why it matters.
Read more on Crypto Insights Journal. Link below.
🤖 Made with AI
Finally home after 3 weeks of marathon-conferencing in Europe. I have to say @LuganoPlanB was a major highlight. One of the most high signal conferences I’ve been to in the most absolutely stunning location. Lugano really is the Bitcoin capital of Europe!
Thanks to @sbaaaam21 and team for all the special touches in top 🫶
Isabel Foxen Duke⚡️ retweeted
Bitcoin’s next upgrade might not be flashy, but it could be critical.
Four flaws have lingered in Bitcoin’s consensus rules for years. Now, developers are eyeing a soft fork to fix them and prove BTC can still agree on upgrades.
Here's what’s at stake 👇
Isabel Foxen Duke⚡️ retweeted
Veteran Bitcoin developer @TheBlueMatt shares his case for a "Pay-to-Taproot-V2" output type for post-quantum signatures—in lieu of BIP 360's proposed "Pay-to-Merkle-Root" output type.
More detail on BIP 360's competing proposals in new MFTV interview below.
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Isabel Foxen Duke⚡️ retweeted
Why Bitcoin's Next Soft Fork Could Feel Like a Practice Run
decrypt.co/382568/why-bitcoi…
Isabel Foxen Duke⚡️ retweeted
"A lot of Bitcoin developers have gotten involved recently enough that they haven't been involved in the process of doing a soft fork and maybe don't feel comfortable with it"
@TheBlueMatt shares why developers may be more conservative about soft forks now than they were 8-10 years ago.
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Isabel Foxen Duke⚡️ retweeted
“There’s a laundry list of things we know of that we really need to clean up,” Matt Corallo (@TheBlueMatt) said. “All of these issues are real concerns that could impact Bitcoin negatively, but they’re not like, ‘Oh, the sky is falling.’”
The developer behind the Great Consensus Cleanup believes BIP 54 will be the network’s next soft fork, which has been revised by Antoine Poinsot (@darosior).
unchainedcrypto.com/why-bitc…
Isabel Foxen Duke⚡️ retweeted
@TheBlueMatt had a good chat about BIP54 recently:
xitter.cf/MARAFoundation_/status…
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Author of the Great Consensus Cleanup V1 places 80% probability that Bitcoin's next soft fork will activate BIP 54 — originated by @TheBlueMatt and more recently revised by @darosior.
@Truthcoin will have feelings about this I'm sure.
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Isabel Foxen Duke⚡️ retweeted
Matt Corallo explains why patching four legacy bugs is about rebuilding muscle memory, just as much as it’s about Bitcoin maintenance.
Isabel Foxen Duke⚡️ retweeted
MARA Foundation is proud to support the Bitcoin Veterans Summit and its mission of empowering those who have served through financial sovereignty and renewed purpose.
The non-profit, which provides Bitcoin education tailored to former service members, will be hosting its 3rd annual conference in Nashville, TN, next week, starting November 9.
Slipstream Lead Maintainer Peter Todd will be in attendance, speaking at the event that’s open to veterans and civilians alike.
Thank you @MARAFoundation_ @CleanSpark_Inc and @BULLBITCOIN_ for sponsoring @BitcoinVeterans Summit.
This is going to be an epic one.
Isabel Foxen Duke⚡️ retweeted
Really solid breakdown of post-quantum output type proposals for Bitcoin in this interview. Think: BIP 360 vs Pay-To-Taproot V2
Nice work 🙌 @TheBlueMatt @isabelfoxenduke
Bitcoin’s Next Soft Fork: Quantum or the Great Consensus Cleanup? | MATT CORALLO
🔗 YouTube: youtube.com/watch?v=8H95SW7e…
🌿 Spotify: open.spotify.com/episode/6l7…
Following years of community gridlock post-Taproot, there’s growing confidence among experts that Bitcoin's next soft fork will be a low-controversy effort to address four long-standing consensus-level bugs through the activation of BIP 54, a.k.a. the “Great Consensus Cleanup.”
Originally put forward by today’s guest, Matt Corallo (@TheBlueMatt), and more recently revised by Antoine Poinsot (@darosior), the upgrade addresses the “cruft” of Bitcoin’s design — including edge-case vulnerabilities like certain kinds of poison blocks, time warp attacks, and others.
At the same time, developer resources are rapidly moving towards quantum resistance proposals for Bitcoin — including BIP 360 (co-authored by Hunter Beast, Ethan Heilman, and Head of MARA Foundation Isabel Foxen Duke) and the recently circulated “SHRINCs” signature proposal by the @blksresearch team and collaborators like Heilman (@Ethan_Heilman) and @conduition_io.
This episode of MFTV breaks down the Great Consensus Cleanup and the post-quantum output type debate — shedding light on key challenges of Bitcoin governance along the way.
TIMESTAMPS:
🧹 01:33 Introducing the “Great Consensus Cleanup”
🧪 11:08 Bug 1: “Poison Blocks”
⏳ 18:01 Bug 2: Time warp attacks
🌲 26:19 Bug 3: Merkle tree malleability
🪙 34:16 Bug 4: Duplicate coinbase transactions
⛏️ 43:37 The limits of Stratum V1
🌐 52:24 How SV2 influences decentralization
🔑 01:07:11 Deployment of post-quantum cryptography
🏷️ 01:10:44 Comparing P2MR and P2TRv2
🛡️ 01:23:30 P2QR and the post-quantum trade-offs
⚛️ 01:33:45 The impact of Google’s Willow milestone
Excited to share this interview with @TheBlueMatt tomorrow. In addition to a full breakdown of BIP 54 (Great Consensus Cleanup) by @darosior, you'll also get Matt's full review of BIP 360 and its competing output types, e.g. P2TRv2.
Dropping tomorrow on @MARAFoundation_ TV.
While some are losing faith in Bitcoin's decentralized governance process, others hope that "uncontroversial" changes — like those posed by BIP 54 — will demonstrate our continued ability to make necessary changes to the network over time.
Tomorrow, progenitor of the Great Consensus Cleanup @TheBlueMatt joins MFTV to discuss its recent proposal by @darosior in BIP 54, and its implications for future upgrades, including those proposed for Bitcoin's quantum-hardening.
Isabel Foxen Duke⚡️ retweeted
This is not the consensus amongst cryptographers - sure, there might be some who think this, but to say that ECC is *likely* to break is definitely not the consensus. There is absolutely no evidence to support this statement. Likewise, to say that symmetric is more secure.
