Decentralized Autonomous Organizations (DAOs) Will Save Bitcoin

Hi Devs,

Enjoy! https://rubin.io/bitcoin/2021/12/22/advent-25/

I'm really excited about opportunities for capital formation to happen natively in Bitcoin. This is actually a really big deal and something (I think) to pay close attention to. This is basically like running a little company with shareholders inside of Bitcoin, which to me really helps us inhabit the "be your own bank" part of Bitcoin. None of this particularly requires CTV, but it does require the type of composable and flexible software that I aspire to deliver with Sapio.

business matter:

There are two more posts, and they will both be focused on getting this stuff out into the wild more. If you particularly have thoughts on BIP-119 activation I would love to hear them publicly, or at your preference, privately.

If you like or dislike BIP-119 and wish to "soft-signal" yes or no publicly, you may do so on https://utxos.org/signals by editing the appropriate file(s) and making a PR. Alternatively, comment somewhere publicly I can link to, send it to me, and I will make the edits.

edit links: - for individuals/devs: https://github.com/JeremyRubin/utxos.org/edit/master/data/devs.yaml - organizations: https://github.com/JeremyRubin/utxos.org/edit/master/data/bizs.yaml - miners/pools: https://github.com/JeremyRubin/utxos.org/edit/master/data/hashratesnapshot.json

Best,

Jeremy

>
> None of this particularly requires CTV, but it does require the type of
> composable and flexible software that I aspire to deliver with Sapio.

Does this imply that there is some kind of Sapio client to be run alongside a Bitcoin full node similar to how a Lightning node would operate? If so, are the computation, bandwidth, and liveness requirements for someone running Sapio contracts more or less comparable to Lightning?

The implementation approach seems pretty interesting overall and reminds me of concepts like bitcoin bug bounties (https://bitcoinacks.com/ for example) but perhaps with the potential for more sophisticated functionality.

Will try to take a closer look at the https://github.com/sapio-lang/sapio if that seems like a recommended starting point.

Thanks!

On Wed, Dec 22, 2021 at 10:47 PM Jeremy via bitcoin-dev < bitcoin-dev@lists•linuxfoundation•org> wrote:

> Hi Devs,
>
> Enjoy! https://rubin.io/bitcoin/2021/12/22/advent-25/
>
> I'm really excited about opportunities for capital formation to happen
> natively in Bitcoin. This is actually a really big deal and something (I
> think) to pay close attention to. This is basically like running a little
> company with shareholders inside of Bitcoin, which to me really helps us
> inhabit the "be your own bank" part of Bitcoin. None of this particularly
> requires CTV, but it does require the type of composable and flexible
> software that I aspire to deliver with Sapio.
>
> business matter:
>
> There are two more posts, and they will both be focused on getting this
> stuff out into the wild more. If you particularly have thoughts on BIP-119
> activation I would love to hear them publicly, or at your preference,
> privately.
>
> If you like or dislike BIP-119 and wish to "soft-signal" yes or no
> publicly, you may do so on https://utxos.org/signals by editing the
> appropriate file(s) and making a PR. Alternatively, comment somewhere
> publicly I can link to, send it to me, and I will make the edits.
>
> edit links:
> - for individuals/devs:
> https://github.com/JeremyRubin/utxos.org/edit/master/data/devs.yaml
> - organizations:
> https://github.com/JeremyRubin/utxos.org/edit/master/data/bizs.yaml
> - miners/pools:
> https://github.com/JeremyRubin/utxos.org/edit/master/data/hashratesnapshot.json
>
> Best,
>
> Jeremy
>
> --
> @JeremyRubin <https://twitter.com/JeremyRubin>
> <https://twitter.com/JeremyRubin>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists•linuxfoundation•org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

Oscar,

Sapio is essentially a 'Compiler toolchain' you run it once and then send money to the contract. This is like Solidity in Ethereum.

Sapio Studio is a GUI for interacting with the outputs of a Sapio contract. This is like Metamask/web3.js in Ethereum.

It's really not comparable to Lightning.

recommend starting with learn.sapio-lang.org :)

Cheers,

Jeremy