And, you know, wh- when you talk about it at scale a- and who might be using this, and, and as users come on the network, h- how is this gonna impact kind of the, the fee environment or the block space?

Yeah, indeed.

Uh, this is a little bit of an interesting question.

Uh, shielded Bitcoin transactions, uh, just like we kind of explicitly state this in the paper, are larger than regular Bitcoin transactions.

Not so much.

Uh, it's not like, you know, it's not like people some time ago were trying to inscribe JPEGs or something stupid on Bitcoin.

Why? You know? [laughs] It's not that.

So who do you see, or who is shielded Bitcoin meant for? What can people or businesses do with it that they can't already do today?

Okay, let's talk about that,

right? So what's the never-ending conversation in Bitcoin? New opcodes.

It's a conversation which we've had since, like, since I do remember.

Like, since I came around, like, in 2013, I had a conversation about, oh, let's add this opcode, let's disable that opcode.

Like, it's a never-ending conversation.

And for certain upgrades, for certain improvements, it, of course, kind of makes sense to, like, you know, get maybe a little bit upgraded somewhere here and there for security purposes, for example, or, like, for bug fixing or whatever, like we had early on with, like, you know, these early Satoshi era supply bonds or, like, we're having, you know, kind of potentially, like, it's kind of a little bit of fun around... quantum thing, right? Okay, not a fraud, but still, it's, you know, we'd better to come up with a way to, like, protect against that.

But there are always these conversations around kind of Bitcoin which involve things which are nice to have.

Can you give us an update on that? Like what is the latest state of technology there on the size of that ciphertext, what it will cost to do these transactions? Okay, so

week.

three, four, maybe five years at this point, like people don't do circuits manually, all right? Use some kind of compilers, use something more auditable, use something more like easier to like just understand what's going on.

When you do circuits manually, you really, really gotta know what you're doing.

really, really gotta know what you're doing.

And that's exactly what happened.

Like, no matter Z cache team is actually one of the legendary teams internally in terms of like, you know, in the whole space, no matter all that, they still had a little bug, which kind of, you know, got into the circuit.

And voila, yes, it kind of allowed to it kind of allowed to screw up a little bit with the shielded pool parameters and like with the general kind of parameters there.

It never ends.