as bitvm bridges are launching on mainnet, i've started looking into their potential implementation of security councils icydk, security councils are multisigs that can spend funds out of a given bridge instance in case of emergency. a consequence of this implementation is that we also trust the signers to not be malicious and steal funds from the bridge these types of (temporary) measures will exist as bitvm-based bridges come to market to verify their existence, we need to collaborate with bridge participants as we can't verify the entirety of the scripts unless they're used to spend funds onchain thankfully though, with the help of @ekrembal_ and the @citrea_xyz team, i was able to create a way to verify the spending paths for a specific BitVM testnet instance. including the security council set up this post is a summary of this process and other discussions i've had with numerous teams building bitvm-based bridges i personally view security councils as a temporary, necessary evil as these systems come to market but, i also believe that we should help users verify all trust assumptions related to bridge implementations the post suggests a few solutions. but, it'd be great to get feedback from those building in the space to determine the best path forward

NEW: Some BitVM-based bridges may implement emergency upgrade paths when they first hit mainnet. This would enable a security council to immediately spend funds out of the bridge and bypass the fraud proof mechanism entirely. In our latest post, @januszg_ explores how teams may set up these spend paths and how users can verify their existence. Full post threaded👇

i've been testing this for payy and can't recommend it enough really useful if part (or all) of your day-to-day finance is on crypto rails

introducing payy card — spend stablecoins privately 🤫 • undoxxable non-custodial card using ZK for privacy • physical card with light-up logo (limited quantity) • easy setup and deposit USDC/crypto • soon: spend-to-earn points program

We’re proud to support @januszg_ and the @BitcoinLayers initiative, bringing much-needed clarity to the fast-growing world of Bitcoin L2s. Let’s make Bitcoin scaling clear and credible for everyone 🧡

Today, the jury in the Tornado Cash trial begins its fourth day of deliberation. I’ll be in and out of the courtroom throughout the day and will post updates in this thread🧵:

i thought bitcoin l2s were dead. why is everyone so excited about @AlpenLabs?

ah, man. but didn't everyone tell me that bitcoin l2s were dead?

to prove how degen unaware i am, i was at plebfi and i have no clue what's going on with labitbus

this now works for bitvm bridges