<p>In this episode, Stephan sits down with Arbedout to explore one of the most debated technical topics in Bitcoin today: covenants, vaults, and the future of Bitcoin custody infrastructure.</p><p>They discuss why many people may be misunderstanding where the real demand for covenants comes from, and how covenant-related features could improve Bitcoin self-custody through vaults, spending limits, recovery mechanisms, and more secure long-term storage setups.</p><p>The conversation also explores Bitcoin adoption, conviction, long-term store of value dynamics, and the psychological challenges of holding Bitcoin through volatility.</p><p>Timestamp:</p><p>(00:00) – The privacy problem with co-signing today</p><p>(03:25) – What does Sigbash allow us to do?</p><p>(08:15) – What is Oblivious Signing? </p><p>(12:20) – Privacy, Regulation, and Reducing Multisig Honeypot Risks</p><p>(15:10) - What does Sigbash use look like in practice? Inheritance, Vaults, and Multisig</p><p>(19:50) - Can the server grief the user?</p><p>(21:10) – Mobile Wallets, Assisted Self-Custody, and NeoBank Possibilities</p><p>(25:50) - Sigbash project and product</p><p>(28:29) – Sigbash vs PIPES vs BinoHash Explained</p><p>(33:01) – Covenant Demand, Bitcoin Security, and the Future of Self-Custody</p><p>(36:33) – Closing Thoughts</p><p>Links: </p><ul><li><p><a href="https://sigbash.com/"><u>https://sigbash.com/</u></a></p></li><li><p><a href="https://x.com/arbedout"><u>https://x.com/arbedout</u></a></p></li></ul><p>Stephan Livera links:</p><ul><li><p>Follow me on X:<a href="https://twitter.com/stephanlivera"> @stephanlivera</a></p></li><li><p><a href="https://plinkhq.com/i/1415720320">Subscribe to the podcast</a></p></li><li><p><a href="https://stephanlivera.substack.com/">Subscribe to Substack</a></p></li></ul>