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13 episodes with drivechains
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2 episodes with drivechains
3 episodes with drivechains
2 episodes with drivechains
2 episodes with drivechains
3 episodes with drivechains
Felix Billbert is the Chief Maximalist at Wave Space: a European company which specializes in making bitcoin easy to spend. They offer a Visa debit card, a swapping service for BTC/EUR pair, Lightning network support... all of which is wrapped inside a non-custodial environment. The conversation explores the challenges of building a Bitcoin business in Europe, particularly navigating regulations like MiCA. Felix explains how Wave Space partners with a licensed entity to handle KYC/AML compliance, including the complexities of verifying the source of funds for Lightning Network transactions. The discussion touches on the competitive landscape, comparing Wave Space to services like Relai, and highlighting its focus on enabling Bitcoin spending and future plans for Bitcoin-backed loans. The podcast delves into the philosophical aspects of Bitcoin adoption, addressing the "never sell" ethos and the role of fiat currency in the Bitcoin ecosystem. Felix emphasizes Wave Space's goal of bridging the gap between traditional finance and Bitcoin, providing users with the tools they need to participate in both worlds. The conversation concludes with a discussion on the importance of self-custody, the potential impact of a European CBDC, and the need for innovation and collaboration within the Bitcoin community. Time stamps: Introduction and Sponsors - [00:00:50] Wave Space Introduction - [00:01:42] Lightning Network Integration - [00:03:25] Regulatory Environment in Europe (MiCA) - [00:04:06] MiCA and Lightning Network Accounting - [00:05:02] Wave Space's Business Model - [00:09:50] Wave Space vs. Relai and Other Exchanges - [00:11:07] KYC Process on Wave Space - [00:14:34] Bitcoin Economy and Debit Cards - [00:21:10] SEPA Instant and CBDC - [00:26:46] Room 77 and Bitcoin ATMs - [00:34:12] Bitcoin and Politics - [00:35:58] Wave Space's Business Model and "Never Sell" Bitcoin - [00:41:12] Black Market vs. White Market - [00:50:01] Discussion on Sponsors - [00:52:12] Layer 2 Labs and Drivechains - [00:52:27] ZK Rollups and Citrea - [00:54:47] EUACC and European Startup Ecosystem - [01:05:35] NoOne's and Peer-to-Peer Marketplace - [01:08:31] Hodling and Self-Custody Consulting - [01:10:21] Euro Stablecoins - [01:11:23] Sideshift and Swapping - [01:14:23] In-Game Economies and NFTs - [01:17:24] Scams and Innovation in Crypto - [01:26:22] Trading vs. Investing - [01:31:12] Backup Plans if Bitcoin Fails - [01:32:18] Bitcoin.com News - [01:33:47] Conclusion and Contact Information - [01:35:12]
Despite your bad memories from the Block Size war, you should support Roger Ver's campaign for clemency – or at least this is what Layer Two Labs CEO Paul Sztorc thinks you should do. In this episode, we discuss why Roger deserves to stay free. Time stamps: Introducing Paul Sztorc (00:00:54) The host welcomes listeners and introduces guest Paul Sztorc, discussing Roger Ver's situation. Paul's Connection with Roger Ver (00:01:42) Paul shares his connection to Roger Ver and his experiences in the Bitcoin community. Roger Ver's Contributions (00:02:54) Discussion on Roger's significant investments and efforts in early Bitcoin companies. Challenges at Mt. Gox (00:03:59) Paul recounts Roger's volunteer work during the Mt. Gox crisis, highlighting his dedication. Bitcoin's Early Days (00:05:05) Reflections on Bitcoin's obscurity before mainstream recognition, including the Financial Times article. The Evolution of Bitcoin Conferences (00:06:18) Paul reminisces about early Bitcoin conferences and their small scale compared to today. Tax Evasion Claims and Bitcoin's Value (00:08:23) Discussion on misconceptions about Bitcoin's value and Roger's tax situation during its early days. Roger's Generosity and Alliances (00:10:34) Highlighting Roger's contributions to various libertarian causes and his personal sacrifices. The Block Size War (00:11:39) Introduction to the block size debate and its impact on Roger's reputation in the Bitcoin community. Michael Saylor's Skepticism (00:12:29) The host references a tweet from Michael Saylor expressing doubts about Bitcoin in 2013. Roger's Early Bitcoin Investments (00:13:13) Paul shares a story about Roger's commitment to Bitcoin, selling his Lamborghini for more BTC. Roger's Influence and Marketing (00:14:26) Discussion on Roger's positive energy and efforts to promote Bitcoin to the public. The Role of BitPay (00:15:38) Explaining how BitPay helped businesses accept Bitcoin, making it more accessible. Roger's Vision for Bitcoin (00:18:48) Paul discusses Roger's motivations during the block size war and his vision for Bitcoin's future. Aftermath of the Block Size War (00:20:06) Reflections on the complacency of the Bitcoin community post-war and the resulting divisions. Playing the Villain (00:20:45) The host introduces a playful debate format, questioning Roger's promotion of Bitcoin Cash. The Scammer Accusation (00:21:18) Discussion about accusations against Roger Ver being labeled a scammer due to perceived financial losses. The Block Size Debate (00:21:35) Debate on the implications of hard forks and naming conventions in the context of Bitcoin's block size. Satoshi's Conflicted Views (00:22:22) Exploration of Satoshi Nakamoto's ambiguous stance on block sizes and their impact on Bitcoin. Mt. Gox Video Controversy (00:24:23) Reference to Roger Ver's video on Mount Gox and its perceived implications for Bitcoin's credibility. Self-Custody Awareness (00:25:03) Discussion on the understanding of self-custody in Bitcoin during the early days compared to now. Roger's Involvement with Mt. Gox (00:26:57) Analysis of Roger Ver's proactive attempts to assist Mount Gox during its crisis. Historical Context of Criticism (00:29:06) Reflection on how hindsight alters perceptions of Roger's actions during the Mt. Gox incident. Debate Dynamics (00:31:00) Insights into Roger Ver's debate style and the challenges faced by opponents like Jimmy Song. Roger's Support of Craig Wright (00:36:22) Discussion on Roger Ver's past support for Craig Wright and subsequent regrets regarding that decision. Legal Battles with Craig Wright (00:40:14) Mention of Roger Ver's successful lawsuit against Craig Wright as a potential redemption. Romance Scams and Reporting (00:40:53) Discussion on how victims of romance scams often feel ashamed and do not report incidents. Karmic Justice and Roger Ver (00:44:16) Exploration of public anger towards Roger Ver and perceptions of justice regarding his past actions. Chaos Climbers in the Bitcoin Community (00:45:03) Analysis of individuals rising in influence by criticizing opposing factions during the block size war. Debate Analysis: Samson vs. Roger (00:46:02) Reflection on the 2018 debate between Samson and Roger, highlighting performance over substance. Clipping and Public Perception (00:48:11) Discussion on how clipped statements can distort public perception and impact reputations. Economic Growth and Human Welfare (00:49:07) The importance of economic growth for human welfare and the misunderstanding surrounding its implications. Performativity in Bitcoin Discourse (00:50:26) Critique of the performative outrage in Bitcoin discussions and its effects on community dynamics. Debate Takeaways and Misrepresentation (00:51:08) Observations on how the narrative from the debate overshadowed substantive discussions about Bitcoin. Scaling Solutions: Lightning vs. Bitcoin Cash (00:52:13) Comparison of the Lightning Network and Bitcoin Cash as competing solutions to Bitcoin's scaling issues. Hard Forks and Community Splits (00:54:43) Discussion on the implications of hard forks on community cohesion and the future of Bitcoin. Victimless Crimes in Forks (00:57:54) Reflection on the benefits of Bitcoin forks and the perception of them as victimless crimes. Toxic Bitcoin Maximalism (00:58:41) Analysis of how toxic maximalism emerged as a reaction to the proliferation of altcoins and forks. Conception of Money and Community (00:59:03) Discussion on the importance of a unified currency and the challenges posed by multiple forks. Ethereum as the Opposition (01:00:28) Exploration of Ethereum's role as a competing force against Bitcoin and its community dynamics. Network Effects and Complacency (01:00:52) Discussion on how dominant networks can lead to complacency and hinder competition in the crypto space. Block Size War and Ethereum's Rise (01:01:40) Exploration of Ethereum's growth during the block size debate and its impact on the crypto landscape. Scaling Challenges in Bitcoin (01:02:52) Overview of scaling solutions and the failures that led to external developments outside Bitcoin. Layer Two Labs Promotion (01:04:00) Introduction of Layer Two Labs and its mission to scale Bitcoin through sidechains. Drive Chains vs. Tree Chains (01:05:15) Comparison of Drive Chains and Tree Chains, highlighting conceptual differences and critiques. Bitcoin.com News Collaboration (01:08:40) Discussion about Bitcoin.com News and its valuable coverage of cryptocurrency topics. Critique of Current Thought Leaders (01:09:46) Speaker expresses disappointment in the insights provided by prominent figures in the crypto community. Exit Tax Controversy (01:11:20) Debate on the legitimacy and implications of the U.S. exit tax in relation to Roger Ver. Berlin Wall Explanation (01:21:19) Description of the Berlin Wall's historical significance and its role in the Cold War. The Berlin Wall Discussion (01:23:06) The speakers discuss the historical significance and implications of the Berlin Wall and its impact on families. Roger Ver's Moral Responsibility (01:27:02) A conversation about Roger Ver's rejection of the social contract based on his moral beliefs regarding taxation. Exit Tax Controversy (01:27:30) Debate on the fairness of the exit tax and its implications for individuals like Roger Ver. Roger Ver's Legal Representation (01:28:09) Discussion on Roger Ver's legal situation and the role of his law firm in his tax issues. Greg Maxwell's Threats (01:29:33) Mention of Greg Maxwell's threats towards Roger Ver and the potential consequences of such actions. Birthday Surprise (01:30:18) A light-hearted moment as the host celebrates a birthday surprise during the podcast. Tax Law Complications (01:32:07) The complexity of tax law and its implications for Roger Ver's financial situation are explored. Jameson Lopp's Tweet (01:35:14) Analysis of a tweet discussing Roger Ver's tax issues and the IRS's claims against him. CoinFlex Bankruptcy Discussion (01:37:01) Exploration of Roger Ver's financial troubles related to CoinFlex and the implications of his legal battles. Roger's Video Explanation (01:39:14) Discussion about a video Roger Ver released explaining his situation with CoinFlex and legal constraints. Legal Challenges and Persecution (01:42:43) Reflections on Roger Ver's past legal challenges and the perception of him as a criminal in the Bitcoin community. Vindictiveness of the Blocksize War (01:43:46) Commentary on the negative attitudes and tactics used by some during the blocksize debate against Roger Ver. Discussion on Roger Ver's Bitcoin Contributions (01:44:56) We discuss Roger Ver's early contributions to Bitcoin and the controversies surrounding him. Twitter Controversies and Public Perception (01:46:00) The conversation touches on Twitter dynamics and public perceptions of Roger Ver's financial status. Taxation and IRS Issues (01:49:02) Concerns are raised about the lack of clarity from the IRS regarding tax obligations for Roger Ver. Critique of Tax System (01:50:05) A critique of the U.S. tax system and the complexities faced by taxpayers is presented. Roger Ver's Future and Clemency (01:52:39) Discussion on Roger Ver's potential return to the U.S. and the implications of his clemency. Plea Deals and Coercion in Legal System (02:01:29) The speakers examine the coercive nature of plea deals in the U.S. legal system. Justice System Inequities (02:03:59) A reflection on the inequities in the justice system and the challenges of sentencing. Introduction to Alexander Vinnik (02:05:07) Discussion about Vinnik's arrest and his connection to the Mount Gox hack. Comparison with Roger Ver (02:06:18) Contrasting Vinnik's criminal actions with the legal troubles faced by Roger Ver. Plea Deals and Legal System Issues (02:06:39) Exploring the coercive nature of plea deals in the justice system. Vinnik's Sentencing and Release (02:08:39) Details about Vinnik's sentencing and the circumstances of his release. Negotiations for Prisoner Exchange (02:09:50) Discussion about the political implications of Vinnik's negotiation for freedom. Details on the Trade (02:10:46) Information about the American teacher traded for Vinnik and her situation. Question from the Audience (02:12:54) Transition to audience questions regarding Bitcoin's scalability and potential forks. The Exodus Question (02:13:02) Audience inquiry about the potential migration to alternative cryptocurrencies. Forking Bitcoin Discussion (02:15:17) Analysis of the challenges and implications of forking Bitcoin. Cultural Apathy in Bitcoin Community (02:20:15) Reflection on the disconnection between miners and Bitcoin's philosophical discussions. Future of Bitcoin and Sidechains (02:22:33) Speculation on Bitcoin's ability to scale and the role of sidechains in its future. Discussion on Bitcoin Market Dynamics (02:27:41) Exploration of Bitcoin's market behavior and the implications of pricing strategies in a competitive landscape. Contention in Bitcoin Governance (02:28:31) Debate on the contentious nature of Bitcoin governance and the challenges of achieving consensus within the community. Concerns Over Bitcoin's Cultural Issues (02:30:31) Discussion on potential cultural problems within Bitcoin and the implications for its future success. Measuring Decentralization (02:31:58) Introduction to the concept of decentralization and its measurement within cryptocurrency contexts. Critique of Mining Centralization (02:32:08) Examination of the complexities and contradictions in defining mining centralization in Bitcoin. Transparency and Decentralization (02:34:03) Discussion on the importance of transparency and the peer-to-peer nature of Bitcoin versus traditional systems. State Rejection of Bitcoin Reserves (02:40:55) Insights into states rejecting Bitcoin reserve bills due to volatility concerns, reflecting on societal attitudes toward Bitcoin. Bitcoin's Role in Black Market Transactions (02:44:27) Analysis of Bitcoin's potential as a payment system in both legal and illegal markets, emphasizing its dual utility. Roleplay Request on BTC vs BCH (02:48:10) Engagement in a roleplay scenario discussing the market's preference for BTC over BCH and its implications. Orthodox Plan for Scaling (02:49:21) Discussion on the orthodox plan for Bitcoin scaling and competition with Ethereum and other altcoins. Competition and Market Share (02:50:39) Analysis of market competition and the declining market share of Bitcoin compared to Ethereum and Monero. Libertarian Party Dynamics (02:53:11) Exploration of the fragmentation within the Libertarian Party and its implications for political strategy. Libertarian Vote in Elections (02:54:52) Investigation into the percentage of votes received by the Libertarian Party in recent elections. Trump's Influence on Libertarians (02:56:40) Discussion on Trump's appeal to Libertarians and its impact on voting patterns. Free Ross Campaign Strategy (02:59:17) Strategy for political advocacy, focusing on the Free Ross campaign and leveraging support for major candidates. Comparing Cryptocurrency Market Positions (03:01:56) Examination of the market positions of various cryptocurrencies and their relative values. Bitcoin Cash Capabilities (03:02:50) Discussion on the capabilities of Bitcoin Cash and its potential for innovation in the crypto space. Historical Context of Bitcoin Development (03:04:12) Reflection on Bitcoin's development history and the missed opportunities for innovation. Language and Technological Change (03:06:27) Analogy between language evolution and cryptocurrency dominance, emphasizing technological impacts. Early Bitcoin Innovations (03:09:39) Revisiting early innovations in Bitcoin and their relevance to today's cryptocurrency landscape. Ossification and Innovation in Blockchain (03:11:36) Discussion on the ossification of blockchain and the need for innovation in Layer 2 solutions. Programming Languages Debate (03:12:43) Comparison of programming languages used in Bitcoin and Ethereum, referencing Steve Jobs' philosophy. Bitcoin's Imperfections (03:14:15) Discussion on Bitcoin's evolution and the ongoing need for improvements despite claims of perfection. Vulnerabilities in Bitcoin (03:15:21) Concerns over the delayed disclosure of vulnerabilities in Bitcoin's code and its implications. Power Dynamics in Bitcoin Development (03:16:41) Analysis of the influence of Bitcoin Core on development and the challenges faced by forks. John Dillon's Controversial Emails (03:18:00) Exploration of accusations against John Dillon and the implications for Bitcoin's governance. Coinjoin Bounty Scandal (03:20:19) Revelation of John Dillon's involvement with a bounty fund and its impact on project funding. The Role of Competition in Development (03:22:14) Importance of competition among software in driving innovation and user satisfaction. Roger Ver's Legal Troubles (03:25:28) Discussion about the potential consequences for those prosecuting Roger Ver and the nature of his accusations. Mail Fraud Charges Against Roger Ver (03:27:12) Overview of the legal accusations against Roger Ver, particularly concerning mail fraud. Hypothetical Perspective on Roger Ver (03:28:44) A thought experiment about how perceptions of Roger Ver would change based on exposure to propaganda. Thoughts on Taxation and Consent (03:32:32) Discussion on the ethics of taxation and Roger Ver's views on consent in financial matters. Tax Dollars and Freedom (03:33:53) Discussion on how American tax dollars fund IRS enforcement and the implications for those wanting to leave the country. Exit Tax Debate (03:35:06) Debate on the fairness of an exit tax and its implications for American citizens leaving the country. Roger Ver's Legal Battle (03:36:04) Analysis of Roger Ver's resources and challenges in his ongoing legal issues with tax authorities. Future Tax Laws and Risks (03:36:30) Concerns about potential future tax laws and their impact on individuals' financial situations. Legal Precedents and Justice (03:37:53) Discussion on how Roger Ver's case may set precedents for others facing similar legal challenges. Political Influence on Justice (03:38:58) Exploration of the arbitrary nature of legal sentences and political influences on the justice system. Dignity in Departure (03:39:29) Reflections on the emotional toll of leaving the U.S. while maintaining dignity and facing potential repercussions. Logistics of a Pardon (03:40:30) Speculation on the political motivations behind a potential pardon for Roger Ver. Tax Law Evolution (03:41:53) Discussion on how tax laws have changed over time, affecting the classification of Bitcoin. Legal Advice and Accountability (03:43:14) Questioning the responsibilities of tax attorneys in guiding clients through complex legal issues. Closing Remarks and Thanks (03:44:15)
In recent years, Bitcoin has undergone a major culture shift which promotes stagnation, complacency & simping to politicians over maximizing the utility of the money. Eric Voskuil & John Carvalho join the show to remind everyone what the mission really is. State of Bitcoin - [00:01:17] Bitcoin Maximalism - [00:01:32] Bitcoin as a Ponzi Scheme - [00:02:27] Transaction Fees - [00:04:57] History of Bitcoin Tokens (Omni, Counterparty, Mastercoin) Definition of Tokens - [00:08:01] Custodial Problems with Tokens - [00:09:12] Bitcoin and Fiat Money - [00:11:09] Why Bitcoiners Talk About Money - [00:15:49] Stateless Money - [00:17:44] Austrian Economics and Bitcoin - [00:21:01] Monetary Inflation vs. Price Inflation - [00:26:01] Cantillon Effect - [00:29:00] Dollar Inflation and Gold - [00:33:59] Misunderstandings in the Bitcoin Community - [00:41:42] Bitcoin Semantics - [00:43:21] Bitcoin Divisibility - [01:00:13] Bitcoin Deflation - [01:03:41] Maxi Price and One Coin Assumption - [01:07:43] Competition Between Monies - [01:13:42] Scaling Bitcoin - [01:22:41] Bitcoin for the Unbanked - [01:26:14] Maximizing Throughput - [01:36:11] Right to Fork - [01:45:45] Running Old Bitcoin Versions - [01:51:35] Bitcoin as Money vs. Credit - [01:56:26] Settlement in Bitcoin - [02:07:45] Peer-to-Peer Credit Systems - [02:14:47] Fractional Reserve Banking - [02:26:32] Bitkit Wallet and Spending vs. Saving - [02:36:13] Block size increases and Bitcoin adoption - [03:00:00] Scaling Bitcoin and transaction validation - [03:01:00] Bitcoin overflowing into Litecoin and quantum resistance - [03:02:00] Pruning historical data and exchange price - [03:03:00] Lightning system complexity and Bitcoin's value proposition - [03:05:00] Bitcoin as an investment and speculation - [03:07:00] Optimizing Bitcoin throughput and developer motivations - [03:09:00] Scaling Bitcoin and speculation - [03:11:00] Shitcoins, scams, and Bitcoin's security model - [03:13:00] Litecoin's extension blocks and Mimblewimble - [03:15:00] Bitcoin's security and the legitimacy of altcoins - [03:17:00] Shitcoins and Bitcoin's essential aspects - [03:19:00] Majority hash power censorship and attacks - [03:21:00] Bitcoin speculation and market dynamics - [03:23:00] Michael Saylor's Bitcoin strategy and MicroStrategy's history - [03:26:00] Saylor's Bitcoin investment and market manipulation - [03:29:00] Saylor's stock sales and Bitcoin's future - [03:31:00] Blockstream's accomplishments and the Chia project - [03:33:00] Blockstream's influence and SegWit - [03:35:00] Adam Back's influence and Blockstream's hype - [03:37:00] Bitcoin Core's power and the need for competition - [03:39:00] Initial block download performance and Bitcoin Core's architecture - [03:41:00] UTXO store and Bitcoin Core's performance - [03:43:00] Parallelism in Bitcoin Core and assumed UTXO - [03:45:00] Initial block download time and Bitcoin Core's scalability - [03:47:00] Monoculture in Bitcoin development and IBD performance - [03:49:00] UTXO cache and shutdown time - [03:51:00] Trust assumptions in Bitcoin Core and UTXO commitments - [03:53:00] Bitcoin Core's halting problem and theoretical download limits - [03:55:00] Sponsorships: Sideshift, LayerTwo Labs, Ciurea - [03:57:00] Drivechains and ZK rollups - [04:02:00] ZK rollups and liquidity on Ethereum - [04:04:00] Drivechains and altcoins - [04:06:00] Scaling Bitcoin and cultural taboos - [04:08:00] Engineer-driven change and Monero's approach - [04:10:00] Confidential transactionsL Zano & DarkFi - [04:12:00] Fungibility and Bitcoin's metadata - [04:14:00] Privacy, metadata, and state surveillance - [04:16:00] Privacy, taint, and Bitcoin mixing - [04:18:00] Bitcoin mixing and plausible deniability - [04:20:00] Mining and company registration - [04:22:00] Block reward and hash power - [04:24:00] Privacy and mixing - [04:26:00] Privacy in the Bitcoin whitepaper and zero-knowledge proofs - [04:28:00] Dark Wallet and John Dillon - [04:30:00] Dark Wallet and Li Bitcoin - [04:32:00] Amir Taaki's projects and software development - [04:34:00] Dark Wallet funding and developer costs - [04:36:00] Libbitcoin's code size and developer salaries - [04:38:00] John Dillon and Greg Maxwell - [04:40:00] Opportunistic encryption and BIPs 151/152 - [04:42:00] Dandelion and privacy - [04:44:00] BIP 37 and Bloom filters - [04:46:00] Consensus cleanup and the Time Warp bug - [04:48:00] Merkle tree malleability and 64-byte transactions - [04:50:00] 64-byte transactions and SPV wallets - [04:52:00] Coinbase transactions and malleability - [04:54:00] Invalid block hashes and DoS vectors - [04:56:00] Core bug and ban list overflow - [04:58:00] Storing hashes of invalid blocks - [05:00:00] DoS vectors and invalid blocks - [05:02:00] Malleated Merkle trees and 64-byte transactions - [05:04:00] 64-byte transactions and Merkle tree malleability - [05:06:00] Null points and malleated blocks - [05:08:00] Redundant checks and the inflation soft fork - [05:10:00] Op code separator and code complexity - [05:12:00] Transaction order in a block - [05:14:00] Forward references in blocks - [05:16:00] Coinbase transaction rules - [05:18:00] Time Warp bug and Litecoin support - [05:20:00] Quadratic op roll bug - [05:22:00] Stack implementation and op roll - [05:24:00] Templatized stack and op roll optimization - [05:26:00] Non-standard transactions and direct submission to miners - [05:28:00] Mempool policy and DoS - [05:30:00] Monoculture and competing implementations - [05:32:00] Consensus cleanup and Berkeley DB - [05:34:00] Code vs. consensus - [05:36:00] Bitcoin Knots and Luke-jr - [05:38:00] 300 kilobyte node and Luke-jr's views - [05:40:00] Bitcoin Knots and performance - [05:42:00] Bitcoin Knots and censorship - [05:44:00] Censorship and miner incentives - [05:46:00] Censorship and hash power - [05:48:00] Soft forks and censorship - [05:50:00] Ordinals and covenants - [05:52:00] RBF and zero-confirmation transactions - [05:54:00] Double spending and merchant risk - [05:56:00] First-seen mempool policy and RBF - [05:58:00] Low-value transactions and RBF - [06:00:00] Computational cost of actions - [06:00:15] Building infrastructure and system disruption - [06:00:20] Threat actors and economic disruption - [06:00:26] Double spending detection and system control - [06:00:29] Safety and manageability of zero comp transactions - [06:00:41] Security of zero comp transactions - [06:00:51] RBF (Replace-by-fee) and its relevance - [06:01:06] Bitcoin's mempool and transaction handling - [06:01:25] Mempool overflow and resource management - [06:02:08] Transaction storage and mining - [06:02:45] Miners' incentives and fee maximization - [06:03:07] Mempool policy and DOS protection - [06:03:41] Transaction validation and block context - [06:04:11] Fee limits and DOS protection - [06:05:13] Transaction sets, graph processing, and fee maximization - [06:06:24] Mining empty blocks and hash rate - [06:07:34] Replace-by-fee (RBF) and its purpose - [06:08:07] Infrastructure and RBF - [06:09:14] Transaction pool and conflict resolution - [06:09:44] Disk space, fees, and DOS protection - [06:11:06] Fee rates and DOS protection - [06:12:22] Opt-in RBF and mempool full RBF - [06:13:45] Intent flagging in transactions - [06:14:45] Miners obeying user intent and system value - [06:17:06] Socialized gain and individual expense - [06:18:17] Service reliability and profitability - [06:19:06] First-seen mempool policy - [06:19:37] Mempool policy and implementation - [06:20:06] User perspective on transaction priority - [06:21:14] Mempool conflicts and double spending - [06:22:10] CPFP (Child Pays for Parent) - [06:22:24] Mempool management and fee rates - [06:24:30] Mempool complexity and Peter Wuille's work - [06:25:54] Memory and disk resource management - [06:27:37] First-seen policy and miner profitability - [06:29:25] Miners' preference for first-seen - [06:30:04] Computational cost and fee optimization - [06:31:10] Security, Cypherpunk mentality, and the state - [06:35:25] Bitcoin's security model and censorship resistance - [06:41:02] State censorship and fee increases - [06:43:00] State's incentive to censor - [06:46:15] Lightning Network and regulation - [06:48:41] NGU (Number Go Up) and deference to the state - [06:51:10] Reasons for discussing Bitcoin's security model - [06:53:25] Bitcoin's potential subversion and resilience - [06:55:50] Lightning Network subsidies and scaling - [06:57:36] Mining protocols and security - [07:02:02] Braidpool and centralized mining - [07:04:44] Compact blocks and latency reduction - [07:07:23] Orphan rates and mining centralization - [07:08:16] Privacy and threat environments - [07:08:40] Social graphs, reputation, and identity - [07:10:23] Social scalability and Bitcoin - [07:12:36] Individual empowerment and anonymity - [07:16:48] Trust in society and the role of the state - [07:18:01] Payment methods and trust - [07:20:15] Credit reporting agencies and regulation - [07:22:17] Hardware wallets and self-custody - [07:23:46] Security vulnerabilities in Ledger - [07:27:14] Disclosure of secrets on Ledger devices - [07:36:27] Compromised machines and hardware wallets - [07:42:00] Methods for transferring signed transactions - [07:48:25] Threat scenarios and hardware wallet security - [07:50:47] Hardware wallet usage and personal comfort - [07:56:40] Coldcard wallets and user experience - [08:02:23] Security issues in the VX project - [08:03:25] Seed generation and hardware randomness - [08:12:05] Mastering Bitcoin and random number generation - [08:17:41]
Continuation of the previous episode in an open mic format. We had 9 more speakers come up, all of whom had interesting input. Probably the best audience interaction I've had in any pod recording! Paul did a great job of addressing the many and varied questions and topics
Drivechains could potentially be the last modification needed to bitcoin, opening up possibilities for addressing privacy and scalability on sidechainsGuest: Paul Sztorc @TruthcoinCreator of bips 300 + 301Original X space: https://x.com/i/spaces/1lDxLzdzlvqGm
Time stamps: Introducing Mike Belshe (00:00:42) Mike Belshe's Background (00:01:58) Self-Custody vs. Institutional Custody (00:02:05) Multi-Signature Technology (00:03:56) Understanding Multi-Party Computation (00:04:51) Advancements in Cryptography (00:05:53) BitGo's Role in Tokenizing Bitcoin (00:08:26) Defining DeFi's Importance (00:09:09) Mike's Technology Background (00:12:12) Inspiration from Tim Berners-Lee (00:14:57) Bitcoin's Zero Click Payments (00:17:11) Bitcoin Custodianship Issues (00:17:36) Challenges of Bitcoin Payments (00:18:25) Scaling Bitcoin and Lightning Network (00:19:20) Bitcoin's Role in Digital Money (00:20:13) Layer Two Solutions and Drivechains (00:21:15) Scaling Discussions in Bitcoin's History (00:22:31) Sidechains and Their Limitations (00:23:16) Innovation vs. Immutability (00:24:29) Importance of Real Applications (00:25:32) Privacy and Fungibility in Bitcoin (00:28:42) Lessons from TCP/IP and Blockchain Privacy (00:30:51) Regulatory Concerns and Privacy Solutions (00:32:53) Understanding the Static of Security (00:34:01) SideShift (00:34:59) Bitcoin's Civil War: Block Size Wars (00:35:54) Human Decisions in Bitcoin (00:36:16) Historical Proposals and Interpretations (00:37:10) Challenges of Block Space and Fees (00:37:58) Bitcoin Consensus (00:38:48) SegWit and Its Implications (00:39:41) Gavin Andresen's Role in Bitcoin (00:42:00) Bitcoin's Resilience Against Adversaries (00:42:13) Need for Enhanced Security (00:43:05) Strategic Bitcoin Reserve in the USA (00:44:30) El Salvador's Currency Strategy (00:45:19) Self-Custody Concerns (00:49:13) Security Measures for Self-Custody (00:50:17) Privacy as a Solution (00:50:43) Self-Custody Options (00:51:14) Family Legacy and Custody Challenges (00:52:24) Public Key Cryptography Innovation (00:52:28) HODLING.ch (00:53:29) Protecting Against Government Confiscation (00:54:15) Multi-Custodial Model Explanation (00:54:21) Hardware Wallets Discussion (00:56:03) Safety Deposit Box Concerns (00:58:03) Trade-offs in Security Solutions (00:58:56) Onboarding New Users (01:00:09) Edge Wallet Features (01:01:01) BitGo's Wallet Recovery Wizard (01:03:02) BitGo vs. Casa (01:05:08) Multi-Signature Security (01:05:46) Early Adoption of Multi-Sig (01:09:10) Building a New Monetary System (01:11:54) Regulatory Changes in the US (01:13:49) Impact of MiCA in Europe (01:15:32) War on Cash (01:16:17) Global Financial Systems (01:18:03) Zero Knowledge Proofs (01:19:48) Zcash Discussion (01:20:04) Privacy Technologies in Bitcoin (01:21:18) Challenges of On-chain Traceability (01:22:26) Philosophy on Transaction Privacy (01:23:19) Concerns About Privacy Adoption (01:24:51) Historical Context of TCP/IP Security (01:25:34) Bitcoin as Digital Gold (01:27:24) Ethereum's Role in DeFi (01:29:01) Benefits of Smart Contracts (01:32:01) Reflections on Bitcoin's Journey (01:33:25) Future of Bitcoin (01:34:30) Lightning Network Fees (01:36:12) Trade-offs in Payment Systems (01:38:01) Adoption of Bitcoin and Early Adoption Costs (01:42:01) Long-term Viability of Bitcoin Mining (01:44:38) The Future of Bitcoin and Layer Solutions (01:47:17) Community Response to Bitcoin Vulnerabilities (01:49:01) Satoshi's Vision for Mining (01:51:11) Satoshi's Intentions (01:52:35) Empathy for Satoshi (01:54:16) 0 to 1 Concept (01:54:24) Bitcoin's Anniversary (01:55:53) Centralization in Crisis (01:56:33) Zero Knowledge Proof Bug (01:57:45) Following Mike Belshe's Work (01:58:45)
Time Stamps: Jeff Garzik's Contributions (00:00:47) Overview of Hemi (00:02:32) Scaling Bitcoin (00:03:11) Challenges with Current Solutions (00:04:17) Lightning Network Use Cases (00:05:04) Goals of Hemi (00:05:56) Integration with Bitcoin (00:07:19) History of Open Source Software (00:08:20) Security and Trust in Established Technologies (00:10:01) Satoshi's Approach to Building Bitcoin (00:12:58) Understanding Proof of Proof (00:14:11) Keystone Element in Hemi (00:16:15) Hi, Amir Taaki! (00:17:39) The Need for Privacy (00:18:31) Shift in Bitcoin's Narrative (00:20:13) Jeff Garzik's Optimism for Bitcoin (00:21:09) Building for the Future (00:23:00) Hemi and SideShift? (00:23:40) Hemi Token? (00:24:18) Practical Use Cases for Hemi (00:25:21) Decentralized Finance and Hemi (00:26:54) Composability in DeFi (00:28:23) Decentralization and Security (00:30:16) Maximalism vs. Moderation (00:33:03) Limitations of Bitcoin Script (00:35:31) Drivechains and Sidechains (00:40:16) Trade-offs of Using Hemi (00:43:17) Natural Scaling of Blockchain (00:44:51) Comparison with ZK Rollups (00:47:05) The Process of Innovation (00:47:56) Innovation in Scaling Blockchains (00:50:15) Hemi's Unique Approach (00:51:38) Self-Custody Risks and Best Practices (00:52:29) Medium of Exchange and Bitcoin's Volatility (00:56:17) Was Greg Maxwell Ever Wrong? (00:58:47) Jeff Garzik's Favorite Scaling and Privacy Solutions (01:01:52)
Time stamps: Introducing Paul… again! (00:00:46) Core Untouched Soft Work (00:01:56) Peter Todd's Criticism (00:02:19) Debate on Soft Forks (00:04:44) Luke Dash Jr.'s Perspective (00:05:00) SPV Wallets and Full Nodes (00:08:51) Data Availability Issues (00:12:10) Neutrino and Privacy (00:14:16) Dandelion++ Proposal (00:17:05) Quality of Bitcoin Core Development (00:18:45) Libbitcoin's Fast Sync (00:19:36) Bitcoin Core Limitations (00:20:01) Governance Challenges (00:20:55) Responsibility in Development (00:24:39) Mainstream Adoption Concerns (00:25:31) Risk of Centralization (00:26:54) Michael Saylor's Influence (00:27:55) Wrapped Bitcoin and Smart Contracts (00:33:19) Bitcoin Core's Innovation Stagnation (00:34:31) BIP 300 and Soft Forks (00:37:11) Redefining Bitcoin Maximalism (00:38:27) The Miners' Interests (00:40:46) Layer Two Labs (00:41:56) Explaining the Core Untouched Soft Work Proposal (00:43:53) Challenges with Soft Fork Activation (00:46:04) Slow Progress of Soft Forks (00:48:12) Competition Among Layer 1 Solutions (00:49:21) Critique of the Lightning Network (00:51:31) Concerns Over Custodial Solutions (00:53:06) Historical Perspective on Lightning Network (00:54:17) Cultural Issues in Criticizing the Lightning Network (00:55:22) Incompetence in Development (00:56:40) Potential for Improvement (00:58:57) BIP Activation Dynamics (01:00:22) Prediction Markets for Bitcoin Soft Forks? (01:01:22) Political Control in Bitcoin (01:02:49) Concerns About Full Nodes (01:04:18) Covenants and Activation Delays (01:05:38) Blockstream's Influence (01:06:56) Why Covenants Are a Mistake (01:08:01) The Role of Miners in Soft Forks (01:09:13) Misguided Investments in Technology (01:10:21) Competition in Bitcoin Development (01:11:23) Privacy Improvements in Bitcoin (01:14:46) The Search for Innovative Solutions (01:17:13) User Experience and Adoption (01:21:41) No Interest in User Experience (01:22:45) Changing the Culture (01:23:19) Technological Gaps (01:24:04) Network Effects and Competition (01:25:15) Bitcoin's Complacency (01:26:34) Decentralization Spectrum (01:28:13) Historical Context of Competition (01:29:05) Privacy Innovations (01:31:29) Politicians Praising Bitcoin (01:34:10) Mainstream Adoption (01:35:31) Innovation and Disruption (01:37:33) Sponsor Plug and Market Insights (01:38:16) Community Questions (01:42:52) Blocking on Twitter (01:43:20) Perceptions of Bitcoiners (01:45:40) Miners' Misunderstanding of Bitcoin (01:46:37) Future of Bitcoin Projects (01:49:07) Privacy Improvements in Bitcoin (01:50:15) Monero's Position in Privacy (01:51:57) Mempool Policy and CUSF (01:54:36) Conway's Law in Bitcoin (01:58:20) Criticism of Bitcoin's Direction (02:00:09) Responsibility in Bitcoin Core Development (02:01:59) Ad Hominem Attacks in Bitcoin Proposals (02:04:15) Closing Statement on CUSF (02:05:06) The Future of Consensus (02:05:16) Soft Forks and Innovation (02:06:08) Understanding Soft Forks (02:07:12) Prediction Markets in Bitcoin? (02:08:18)
Time stamps: Introduction (00:00:56) Michael Saylor & Paranoid Crypto Anarchy (00:01:20) Bitcoin Block Size Discussion (00:03:10) Ossification of Bitcoin (00:04:09) Challenges of Second Layer Solutions (00:05:31) Botanics and Spider Chain (00:08:15) Practicality of Innovations (00:09:44) State of the Lightning Network (00:10:14) Liquidity Management in Lightning (00:15:43) Drivechains as a Solution (00:17:00) Cultural Complacency in Bitcoin (00:19:15) The Bull Market vs. Bear Market Metrics (00:20:42) Concerns Over Bitcoin Custodianship (00:22:43) Long-Term Perspective on Bitcoin Governance (00:24:33) Stablecoins in Conference Travel (00:25:42) Privacy Tools and Adoption Challenges (00:28:15) Rollups vs. Sidechains (00:30:12) Monero and Litecoin as Non-Scams (00:31:57) Scaling Challenges in Bitcoin (00:36:10) Economic Perspective on Bitcoin Spam (00:37:43) The Future of Bitcoin Fees (00:39:01) Tail Mission Concept (00:40:05) Bitcoin's 21 Million Cap (00:40:41) Bitcoin Cash Block Size Discussion (00:41:34) Technological Improvements Impact (00:42:35) Node Running Costs (00:43:17) Benchmarking Bitcoin Nodes (00:44:37) Zero Knowledge Proofs for Wallets (00:45:47) Bitcoin Maximalism and Rhetoric (00:47:29) Research on Mempool Data (00:49:10) Self-Custody Consulting Services (00:50:18) Favorite Hardware Wallets (00:51:26) ColdCard Controversy (00:53:16) Quantum Computing Threat (00:55:51) The Ethereum DAO Moment (00:58:17) Inevitable Hard Forks (00:58:23) Ossification and Authority (00:58:49) Node Upgrade Lag (00:59:26) Future Hard Fork Feasibility (01:00:19) Finding Excitement in Bitcoin (01:00:31)
MWEB (MimbleWimble Extension Block) is a way to add privacy & extra scalability on a parallel blockchain. First proposed by Andrew Poelstra in 2016, it was quickly forgotten in the Bitcoin world. But thanks to David Burkett, it's now live on Litecoin. Time stamps: Introduction to MWEB and David Burkett (00:00:55) Origins of MWEB (00:01:40) Comparing MWEB to Bitcoin's Taproot (00:02:07) Community Trends in Bitcoin (00:02:32) Historical Context of Litecoin's Privacy Features (00:03:23) Challenges in Development (00:04:09) Explanation of Grin and MWEB (00:05:03) Grin's Adoption Issues (00:09:01) Marek Narozniak's Insights (00:10:06) Relevance of MWEB Today (00:10:48) MWEB vs Grin (00:12:13) Technical Challenges of MWEB Implementation (00:14:23) User Experience in MWEB (00:16:28) Types of Privacy in MWEB (00:18:03) Network Level Privacy (00:18:18) Satoshi's Vision on Privacy (00:19:16) Limitations of MWEB (00:20:05) Sender Privacy Considerations (00:21:07) Combining MWEB and Clear Chain Inputs (00:22:04) Understanding MWEB Pegging (22:05) Privacy Considerations in Transactions (23:02) CoinJoin and MWEB Integration (24:45) Liquidity of Privacy Coins (26:46) Future of Swaps Between Coins (29:24) Drivechains (31:57) Risks of Consensus Changes (35:02) Rebranding MWEB as VPM (37:16) Anonymity vs. Liquidity (38:37)
Liam Eagen (Alpen Labs), Robin Linus (Zero Sync, BitVM) & Jonas Nick (Blockstream, Taproot) talk about their groundbreaking research paper about Shielded Client-Side Validation – a new way to bring privacy & scalability to Bitcoin. –––––––––––––––––––––––––– Time stamps: Introduction (00:00:51) What is Client-Side Validation? (00:02:09) Trade-offs in Client-Side Validation (00:04:20) Comparison with Existing Protocols (00:05:18) On-chain Throughput and Privacy (00:09:21) Connecting Bitcoin and Shielded CSV (00:09:55) User Interaction with the Protocol (00:11:07) Challenges with the Lightning Network (00:12:22) Atomic Swaps and Compatibility (00:14:56) Shielded CSV vs Monero & Zcash (00:16:12) Discussion on STARKs (00:19:28) OP_CAT and Covenants (00:21:46) OP_CAT and Functional Encryption (00:24:03) Exploration of BitcoinOS (00:25:21) Potential of BitVM (00:26:11) Bitcoin as a Currency (00:28:21) Funding for CSV Projects (00:30:40) Taint Concept in Shielded Transactions (00:31:14) Adoption and Privacy Protocols (00:34:08) Transaction Fees in Shielded Transactions (00:35:08) Throughput and Base Layer Efficiency (00:36:04) Node Behavior During Transactions (00:38:12) Comparison with MimbleWimble (00:39:41) CryptoSteel's New Device (00:40:29) Drivechains (00:41:04) Discussion about crypto steel backups and a sponsor, Layer Two Labs, promoting drive chains. Concerns Over Soft Forks (00:43:51) Rough Consensus Definition (00:45:04) Challenges of Soft Fork Implementation (00:46:15) Balancing Stability and Innovation (00:47:29) Miner Incentives and Fee Structures (00:48:38) Future of Post-Quantum Proposals (00:49:44) Increasing Block Size for CSV (00:50:00) Ideal Block Size Debate (00:53:08) Quantum Computing Threat (00:59:02) Potential Consequences of Quantum Attacks (01:00:24) Post-Quantum Solutions (01:02:23) Quantum Computing Timeline (01:02:50) Complexity of Quantum Computers (01:03:31) Quantum Records and Limitations (01:05:44) Chat Question on Shielding Protocol (01:06:12) Hodling.ch (01:06:45) Self-Custody Security (01:09:15) Threat Models in Security (01:09:58) Hardware Wallet Cautionary Tale (01:10:33) Conference Discussions (01:12:05) Shielded CSV Funding and Development Timeline (01:13:58) Prototype Development Outlook (01:15:29) Concerns Over Adoption (01:17:31) Scalability vs. Privacy Debate (01:19:34) Tether on Shielded CSV? (01:22:04) Revenue Models Discussion (01:22:22) Transaction Fees and Profitability (01:23:25) Publisher Fees in CSV Protocol (01:24:16) Competition and Business Models (01:25:40) Soft Fork Proposals for Improvement (01:26:07) Script Restoration and Arithmetic Improvements (01:27:30) Future of Shielded Client-Side Validation (01:37:23) Keeping Up with Developments (01:38:44) Self-Promotion and Team Dynamics (01:41:05) Proof of Stake? (01:42:51) Rare Pepes in Shielded CSV (01:43:56) Acknowledgment of Guests (01:46:18) Call to Action: Shield Emoji (01:47:57) Importance of Learning Bitcoin (01:48:07) Resources for Learning Bitcoin (01:48:31) Commentary on Peter Wuille (01:49:26) Block Size Debate (01:50:02) Optimizing Bitcoin for Global Use (01:51:05)
Just a few days after launching the Citrea testnet, Orkun Kilic joins the Bitcoin Takeover podcast to talk about his team's approach to building zero-knowledge proofs and the ambition to create a BTC-only economy around it. Time stamps: Rollups vs. Sidechains (00:02:02) The Need for Rollups in Bitcoin (00:04:18) Citrea's Unique Approach (00:06:29) Building a Generic Virtual Machine (00:08:08) Citrea as the First ZK Rollup on Bitcoin (00:09:10) Comparison with Other Projects (00:09:56) Use Cases for Average Users (00:12:08) Citrea & Non-Custodial Financial Services (00:14:44) Citrea vs Drivechains (00:16:30) Differences in Trust Assumptions (00:17:05) Drivechain Proposal History (00:18:14) Starkware and Zero Knowledge Proofs (00:19:13) Technical Limitations of Starknet (00:19:35) Building Non-Custodial Solutions (00:20:24) Future of Syria and Decentralization (00:24:05) Progress Since Last Interview (00:26:14) Presentation on Hyper Bitcoinization (00:28:03) Privacy Benefits of Citrea (00:29:37) Potential Changes to Bitcoin (00:30:49)
Kruw runs the most successful Wasabi wallet 2.0 coordinator and is the kind of privacy advocate who actually builds. In this episode, he talks about continuing Wasabi, the shortcomings of Samourai & how blockchain analysis works. Time stamps: Introduction (00:00:39) Recap of Wasabi Wallet Discussions (00:01:33) Samourai Wallet's Decentralization Announcement (00:02:28) Challenges Faced by Privacy Projects (00:03:56) Shift in Bitcoin Culture (00:04:40) Impact of Regulatory Pressures (00:05:32) Wasabi's Resilience (00:06:40) Exploring Bitcoin's Privacy Features (00:07:53) Demonstrating CoinJoin Transactions (00:08:36) Differences Between CoinJoin and Monero (00:10:24) Challenges with Bitcoin Transaction Privacy (00:11:23) Concerns Over High Transaction Fees (00:13:11) Wasabi's New Features for Privacy (00:17:40) User-Friendly Features in Wasabi 2.0 (00:20:14) Transaction Speedup Options (00:21:18) Critique of UTXO Management in Wasabi 2.0 (00:23:05) Wasabi Wallet User Control (00:23:38) Switching Coordinators Feature (00:24:03) Decentralized Coordinator Community (00:24:50) User Preferences in Coordinator Selection (00:26:18) Coordinator Fees Discussion (00:30:56) Drivechains and Mining Concerns (00:31:04) Market Dynamics of Coordinator Fees (00:34:25) Collecting Dust from Transactions (00:37:43) Trezor's Coinjoin (00:38:09) Wasabi Wallet's Development Funding (00:41:14) Samourai Wallet's Blockchain Analysis Tool (00:42:36) Address Reuse and Privacy Challenges (00:46:49) Mistakes in Privacy Usage (00:49:40) Discrediting Wasabi Wallet (00:50:21) Cash Fusion (00:51:42) Reputation and Arrests (00:53:23) Bitcoin Privacy Camps (00:54:33) Join Market's Unique Position (00:55:56) Legal Risks in Bitcoin Coordination (00:56:21) The Fight for Bitcoin's Future (01:00:01) Personal Ethics and Legal Protections (01:01:42) Concerns Over Martyrdom (01:03:14) Physical Tokens and Authenticity (01:04:12) Critique of Samourai Wallet (01:05:10) Transparency Issues in Samurai Wallet (01:08:09) Closed Source vs. Open Source Debate (01:09:55) Default Privacy Features in Samurai Wallet (01:11:26) Ricochet Transactions and Fees (01:13:13) Government Awareness of Transactions (01:14:41) Implications of Fee Collection (01:15:01) Personal Standards and Hypocrisy (01:15:53) New Pepe Avatar Presentation (01:16:21) Nostr vs. Twitter (01:18:21) Support for CTV & Covenants (01:20:11) Governance and Community Dynamics (01:22:38) Concerns about ETF Privacy (01:22:53) Complexity of Consensus Changes (01:24:08) Community Understanding of Proposals (01:28:20) Censorship Resistance in Bitcoin (01:31:01) Market Dynamics and Filters (01:32:46) Historical Context of Data on Bitcoin (01:34:08) Criticism of Jimmy Song (01:35:31) Litecoin's Role in Segwit Activation (01:36:30) Bitcoin's Cultural Stagnation (01:37:47) Ranking Privacy Coins (01:39:45) Liquidity vs. Privacy (01:40:26) Technological Advancements in Privacy (01:41:39) User Resistance to New Technology (01:42:54) 10101 Shutdown (01:43:09) Drivechains and Altcoins (01:44:16) Monero Liquidity Concerns (01:45:58) Future of Bitcoin vs. Altcoins (01:46:29) Cultural Conflicts in Bitcoin Development (01:47:20) Blockstream's Influence (01:48:26) Whale Bots in Bitcoin (01:51:49) Michael Saylor's Influence (01:52:52) Bitcoin's Future and Development (01:55:07) Censorship Resistance vs. Privacy (01:59:08) Satoshi's Coins and Community Reaction (02:00:05) Blockchain Analysis Case (02:01:08) Challenges of Privacy Services (02:04:15) Tracking Methods in Blockchain (02:05:20) Understanding Transaction Outputs (02:06:39) Heuristics for Blockchain Analysis (02:09:03) Personal Experience with Blockchain Analysis (02:10:06) Samurai Wallet's Controversies (02:10:58) Victims vs. Heroes in Privacy Projects (02:13:37) Bitcoin Soft Forks for Privacy (02:16:46) Statechains and Privacy (02:18:18) Interactive Transactions Challenges (02:20:08) Monero and Chainalysis (02:22:25) Network Level Privacy Issues (02:23:01) Future of Privacy Tools (02:24:01) Zano's Hybrid Consensus Model (02:24:49) Tail Emission Interest (02:25:13) Consensus Mechanisms Explained (02:26:11) Future of Bitcoin on Layer 2 (02:27:05) Lightning Network, Finally (02:28:28) Privacy Concerns in Lightning (02:29:39) Confidentiality vs. Privacy (02:29:24) Splicing and Lightning Efficiency (02:30:12) Public vs. Unannounced Lightning Channels (02:32:40) Custodial Systems and Privacy (02:34:12) Investment in Privacy Technologies (02:35:31) Nym Security Token Overview (02:36:57) Challenges of Decentralization (02:40:03) Tor and Bitcoin Privacy (02:41:22) Running a Tor Relay (02:42:10) Discussion on Transaction Value (02:48:55) Counterarguments on Spam Incentives (02:49:34) Block Size Debate (02:51:20) Challenges of Block Size Increases (02:52:41) Ethereum vs. Bitcoin Cash (02:57:48) Dynamic Block Size Mechanisms (02:58:57) Running Full Nodes on Mobile (03:00:10) Wrap Up and Future Prospects (03:03:49)
We're talking with Paul about the implementation of drivechains. Does he believe it will ever happen on Bitcoin or will it need to take place on a smaller chain like Litecoin or Bellscoin first to show the Bitcoiners that it's possible? Follow Paul - https://x.com/Truthcoin Follow us to get all the information on Historical NFTs and the future of web3: Adam - https://x.com/adamamcbride Jake - https://x.com/jakegallen_ Chris - https://x.com/chris_devv Emblem - https://x.com/EmblemVault Recorded on September 3, 2024
Ben Arc is the creator of LNBits, as well as one of the founding fathers of the Nostr social media protocol. In this episode, he reflects on the state of development in Bitcoin and why he is still bullish on the Lightning Network! Time stamps: Introducing Ben (00:00:23) LNBits Contributors and Collaborators (00:01:41) Scaling Challenges of Lightning Network (00:05:01) Bidirectional Payment Channels (00:06:06) Need for Development in Lightning Network (00:07:22) Skepticism Towards Trusted Third Parties (00:09:32) Importance of Swapping Services (00:12:20) Innovating Lightning (00:17:40) ZK Rollups and Future of Bitcoin (00:18:15) Covenants and Computer Science (00:19:49) ZK Proofs and Mobile Wallets (00:20:21) Drivechains (00:20:51) Litecoin's Influence on Bitcoin (00:22:10) Centralized Mining Concerns (00:23:06) Community Contributions and Tribalism (00:24:13) Self-Custody Consulting (00:25:04) Cashu and Its Implications (00:26:08) Game Theory and Custodial Solutions (00:27:08) Mints and Trust Issues (00:29:58) Ecash and Its Future (00:33:37) Regulatory Environment for Cryptocurrencies (00:34:12) Alternative Cryptocurrencies (00:35:02) Bitcoin's Payment Technology (00:36:50) Pursuing the Right Focus (00:38:58) Getting Started with LNBits and Nostr (00:39:23) Disclaimer on Personal Views (00:39:37) Exploring LNBits (00:40:03) Ben's Current Projects (00:41:18) Acknowledging Team Contributions (00:41:47) Future Aspirations for Lightning Payments (00:42:00) Thematic Nostr Clients (00:43:00) Closing Remarks (00:43:47) Mutual Appreciation (00:44:18) Acknowledging Hard Work (00:45:09)
Murch is a Bitcoin Core contributor, best known for his engineering work at Chaincode Labs & his prolific answers on Bitcoin's Stack Exchange page. In this episode, he breaks myths about ordinals, OP_CAT, Drivechains, 0conf, ossification & more!
É quarta-feira, 20 de março de 2024, 16h21min, hora de entrar AO VIVO com os @bitcoinheiros - convidado especial: Raphael Zagury da Swan Bitcoin (@alphaazeta no X) Outras participações do Rapha no canal: Nakamoto Portfolio https://www.youtube.com/watch?v=Hxl07TRA2Zw Bitcoin e Mercado Imobiliário https://www.youtube.com/watch?v=tgqhAiM0Dac Gravado no bloco 835560 00:00 Sala de espera 04:18 Video by Liberdade e Soberania 10:00 Introdução - Bloco 835560 12:15 Terceira participação do Rapha Zagury 13:11 Estamos vendo governos avançando cada vez mais contra a propriedade privada? 14:10 Os ETFs de bitcoin têm o maior potencial de adoção do bitcoin e mudarão tudo? 23:08 Os ETFs são o topo do funil e a atual melhor solução para comprar bitcoin? 26:46 As corretoras agem de má fé quando não possuem liquidez? Os ETFs sofrem do mesmo problema que as corretoras? 29:19 Veremos um aumento do fluxo de migração de capital e busca por bitcoin? (Ativos para o bitcoin) 31:45 Decisões e o poder do FED mudam o bitcoin? 36:00 As diferenças entre bitcoin e outros ativos 37:12 Existe agora um incentivo para colocar BTC em portfólios de investimentos com a existência de ETFs? 46:10 A facilidade para mergulhar na toca do Coelho se tornou mais simples 46:56 O quão confiáveis são esses ETFs de bitcoin e os gestores por trás como a Coinbase? Será que estão de fato guardando os bitcoins? Existe garantia? 52:14 Teremos mudanças rápidas no preço do BTC e maior dificuldade para calcular a oferta versus demanda pós criação de ETFs? 01:00:28 Começamos o momento de euforia no mercado de bitcoin? 01:03:05 O mercado financeiro tem interesse em sabotar o bitcoin e sua adesão? 01:05:23 Qual é o nome que se dá para pessoas que usam moedas fiat como reserva de valor? 01:09:47 Está tarde para comprar bitcoin? 01:12:21 O que é o projeto satoshidex? 01:16:13 A Polícia Federal pode bater na CriptoBR e obrigá-los a entregar uma lista de clientes que compram suas HardWallets? 01:19:49 Os Bitcoinheiros irão chamar o 38tão e Pechmann em um novo episódio? 01:21:23 Liquid ou Drivechains? 01:26:36 38tão (Renato Amoedo) virará político? 01:28:17 O relato de um projeto sem noção dentro do Ordinals 01:29:47 Lightning é uma forma de limpar sats de corretora KYC e consolidar On-chain sem passar por uma nova corretora? ________________ APOIE O CANAL https://bitcoinheiros.com/apoie/ ⚡ln@pay.bitcoinheiros.com Inscreva-se em nosso canal de cortes "Bitcoinheiros HASH" https://www.youtube.com/channel/UC82m2TCXSHWcqSLym5BzjLQ Se você não tem uma carteira Bitcoin ou Lightning, veja opções aqui: https://bitcoinheiros.com/projetos-recomendados/ SIGA OS BITCOINHEIROS: Site: https://www.bitcoinheiros.com Twitter: https://www.twitter.com/bitcoinheiros --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinheiros/message
Fiatjaf is the creator of Nostr, a decentralized social media protocol which enables everyone around the world to communicate without censorship. Surprisingly, he doesn't agree with some existing Nostr software, no longer likes Lightning & promotes BIP300
JOIN THE COMMUNITY Logos Twitter: https://twitter.com/Logos_network Logos Discord: https://discord.gg/logosnetwork Logos Press Engine: https://press.logos.co/ RESOURCES: LayerTwo Labs: https://layertwolabs.com/ Drivechain: https://www.drivechain.info/ TIMESTAMPS 00:00 Intro 02:40 Setup to Interview…BTC is in a Time Capsule 04:58 Bitcoin is Attempting to be the L1 Hub for Business Capture 05:40 Where do the Incentives Pool? 08:54 Interview with Paul Sztorc Begins 11:08 What are Drivechains? 14:45 What is the Difference Between BitVM and Drivechains? 22:55 What's the Driving Force Behind Drivechains? 35:56 How do we Permissionlessly Innovate with Drivechains? 55:30 Why not try Drivechains on Ethereum? 1:02:17 The Difference Between a Hard Fork and Soft Fork 1:06:15 What Types of Interesting Applications Need to Exist on Drivechains? 1:20:15 Post Interview Roundtable 1:13:35 Privacy Pools Plug
Paul Sztorc returns with a twist: he's talking about sidechains, rollups, BitVM, Lightning, and ever other scaling solution... but can't say the words "Drivechain" or "BIP 300". If he breaks the rule, he must send a Lightning transaction and drink vodka.
Sergio Demian Lerner has made a plethora of contributions to Bitcoin: from finding early security bugs, and all the way to designing & launching the first sidechain RSK. In this interview, he talks about his work & research – with a focus on the future.
Interview: Peter Todd Critiquing Drivechains Peter's technical critique (https://petertodd.org/2023/drivechains) document Peter's blog (https://petertodd.org) OpenTimestamps website (https://opentimestamps.org/) Previous Interviews with Paul Storcz (on Drivechains) TickTok Activated Softforks with Paul Sztorc (https://bitcoindadpod.fireside.fm/43) Interview: Scaling, Development, and Drivechains with Paul Sztorc (https://bitcoindadpod.fireside.fm/87) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Bitcoin developer Antoine Riard has identified and reported what he believes might be a major security risk in the Bitcoin Lightning Network. In a report recently published, Riard shared that the loophole could potentially endanger funds moving through the Lightning Network. This speaks to a much broader issue in the Bitcoin community and innovation in it's layer-2 projects.00:00 intro00:38 Paul Sztorc vs Lightning Network02:19 Lightning Broken04:24 Growth of Network05:18 Lightning Security Risk06:28 Bitcoin Payments Failing07:34 Visa x Solana Test08:28 Failing Payments09:26 Payment Chain Competition10:28 Michael Saylor on Micro-Payments11:25 Impossible on Lightning Network?13:05 Bitcoiners vs Paul Sztorc 14:28 Drivechain Proposal16:17 Why Bother with BIPs?19:20 RANKING Bitcoin Layer-2's22:49 Other Bitcoin Ideas24:04 Halving vs ETF Importance26:13 outroGuest: Paul Sztorc, Founder and CEO · LayerTwo Labs LayerTwo Labs website ➜ https://layer2labs.com/Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook
Today we are joined by Paul Sztorc and James McAvity of Layer2 Labs and Cormint, respectively. We discuss the pressing issue of crypto fees, how to think about L2 designs for Bitcoin, criticisms of BIP 300/301 and why Bitcoin miners arn't more involved in Bitcoin governance. Questions or want to sponsor? william@blockspace.media.
Happy weekend! We're talking about SBF's big week in Federal court, an Op-Ed in Bitcoin Magazine over Drivechains from prominent Bitcoin miners and Antpool's return to hashpool dominance. Questions or want to sponsor? william@blockspace.media.
The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community. Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas. Follow us on Twitter: https://twitter.com/TheOrdinalShow Subscribe to our Substack: https://theordinalshow.substack.com
The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community. Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas. Follow us on Twitter: https://twitter.com/TheOrdinalShow Subscribe to our Substack: https://theordinalshow.substack.com
Una propuesta de 2017 ha vuelto a cobrar fuerza luego de un par de cambios que buscan que bitcoin pueda competir en innovación con el sector cripto ¿Es esto necesario? Notas del programa: https://cursosbitcoin.com/podcast-874/ Clases nuevas de la semana en: https://cursosbitcoin.com * Seedsigner + specter * Multifirma con seedsigner * Firmar transacciones multifirma
Hoje é dia de Consultório Bitcoin, um espaço para responder suas perguntas sobre Bitcoin através do https://supersats.tv/bitcoinheiros Discord de suporte do SuperSATS https://discord.com/invite/qMMe2Jtysm Compra de BTC e SWAP Lightning https://www.bitcoinheiros.com/kyc/ Gravado AO VIVO no ciberespaço 00:00 Sala de espera 01:29 Vídeo BIT.RUTO ANIME OPENING/ PARÓDIA NARUTO SHIPPUDEN feat Núcleo Rothbard by Liberdade Cultural 05:28 Introdução - Bloco 808619 07:40 Spiderchains, Drivechains e outros projetos de sidechains para rodar em paralelo à rede Bitcoin utilizando o token BTC como base monetária sólida, sem shitcoins 16:57 Especulações em cima de projetos sem valor ou com valor distorcido no Bitcoin é ruim para a rede? 19:02 Quais são os objetivos das poupanças de satoshis feitas pelos Bitcoinheiros? 21:44 Tails com Electrum offline: Qual é a melhor forma de fazer backup? 25:26 A melhor dica para guardar satoshis com segurança de acordo com o valor 27:35 Hoje é mais difícil importar ColdCard? 31:25 Tails com Electrum: 34:04 Qual é a melhor forma de guardar satoshis para um iniciante? 36:40 É seguro e uma boa ideia guardar as seeds na nuvem criptografadas pela VeraCrypt? 39:28 Formas de gerar seeds: É melhor jogar 100 vezes um dado ao invés de usar a entropia da ColdCard? 43:30 Qual é o vídeo que aparece no final das lives dos Bitcoinheiros e quais documentários e séries sobre Bitcoin assistir? 48:40 Estados Unidos não aceitará deixar de ser a potência mundial e está incentivando a rede Bitcoin a migrar para o país e ter controle do BTC? 52:38 Iniciativa Crypto da PayPal e Paxos pagando taxa recorde de BTC para fazer transação 57:12 PayPal lança a sua stablecoin PYUSD e os usos práticos e úteis de stablecoins no dia a dia 59:52 Qual é o lastro da nova Stablecoin do PayPal e a liquidez de algumas stablecoins do mercado? 01:03:40 ETF aumentará 100 vezes o valor do BTC? - O que fazer para me proteger e aumentar minha segurança nesse caso? 01:05:11 Bitconheiros é o mesmo que Bitcoiners? 01:07:59 Por que o volume de taxas na Ethereum está superior ao do Bitcoin? 01:11:50 Os problemas das taxas altíssimas na rede Bitcoin em 2017 e as razões de ter se mantido por um longo período de tempo 01:16:20 O caso do bitcoin.org: Por que foi condenado a pagar meio milhão de libras e tirar o Whitepaper do site? 01:20:24 Um documentário brasileiro sensacional para bitcoinheiros 01:23:03 JADE é uma carteira confiável para Cold Storage? 01:28:48 Cadê o Ivan, ele parou de participar do canal Bitcoinheiros? 01:30:14 Super Trunfo dos Bitcoinheiros: A partir de que ano cada participante dos Bitcoinheiros se tornaram Bitcoinheiros? 01:32:43 Os Bitcoinheiros irão participar da Satsconf? ________________ APOIE O CANAL https://bitcoinheiros.com/apoie/ ⚡ln@pay.bitcoinheiros.com Loja dos Bitcoinheiros https://loja.bitcoinheiros.com/ Escute no Fountain Podcasts (https://fountain.fm/join-fountain) para receber e enviar satoshinhos no modelo Value4Value SIGA OS BITCOINHEIROS: Site: https://www.bitcoinheiros.com Youtube: https://www.youtube.com/bitcoinheiros Twitter: https://www.twitter.com/bitcoinheiros Allan - https://www.twitter.com/allanraicher Dov - https://twitter.com/bitdov Becas - https://twitter.com/bksbk6 Ivan - https://twitter.com/bitofsilence Instagram: https://www.instagram.com/bitcoinheiros Facebook: https://www.fb.com/bitcoinheiros Podcast: https://anchor.fm/bitcoinheiros COMO GUARDAR SEUS BITCOINS? Bitcoinheiros recomendam o uso de carteiras Multisig com Hardware Wallets de diferentes fabricantes ou próprias. Para ver as carteiras de hardware que recomendamos, acesse https://www.bitcoinheiros.com/carteiras Veja os descontos e clique nos links de afiliados para ajudar o canal Por exemplo, para a COLDCARD - https://store.coinkite.com/promo/bitcoinheiros Com o código "bitcoinheiros" você ganha 5% de desconto na ColdCard Playlist "Canivete Suíço Bitcoinheiro" https://www.youtube.com/playlist?list=PLgcVYwONyxmg-KH5bwzMU4sdyMbVMPqwb Playlist "Carteiras Multisig de Bitcoin" https://www.youtube.com/playlist?list=PLgcVYwONyxmi74PiIUSnGieNIPqmtmdjW ISENÇÃO DE RESPONSABILIDADE: Este conteúdo foi preparado para fins meramente informativos. NÃO é uma recomendação financeira nem de investimento. As opiniões apresentadas são apenas opiniões. Faça sua própria pesquisa. Não nos responsabilizamos por qualquer decisão de investimento que você tomar ou ação que você executar inspirada em nossos vídeos. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinheiros/message
In this episode, Paul Sztorc reacts to 3 of the most significant reactions to Drivechains: Shinobi's article from Bitcoin Magazine, the Baltic Honeybadger 2023 panel which mostly covered Drivechains, and his Tabconf 2023 debate with Peter Todd.
Pre-Show A very reasonable discussion on HN around the WTF Happened in 1971 (https://news.ycombinator.com/item?id=37482646) website, the world is complicated, there are many ways to interpret history and the present, none are particularly satisfying News Binance.US cuts third of staff as CEO Brian Shroder leaves (https://cointelegraph.com/news/binance-us-cuts-third-of-staff-ceo-brian-shroder-leaves-report) Binance.US, the United States arm of the crypto exchange, has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. Binance.US Statment to CoinTelegraph: “The [Securities and Exchange Commission's] aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that.” They also say "not dead yet!" “more than seven years of financial runway” amid its move to becoming a crypto-only exchange. Cool post on the Japanese bitcoin community (https://stacker.news/items/250544), I knew wiz and Arthur Hayes hang out in Japan, but would love to incorporate the bitcoin scene into a trip there Fortress Lost Customer Funds Prior to Acquisition by Ripple (https://www.nobsbitcoin.com/fortress-lost-customer-funds-prior-to-acquisition-by-ripple/) The Fortress Trust security breach (https://web3isgoinggreat.com/?id=fortress-trust-breach) is a fiat story, its not scary or exciting, just predictable with the ancient messy tech stack that U.S. corporate financial IT demands Economics Is an introduction to U.S. debt collection (https://www.bitsaboutmoney.com/archive/the-waste-stream-of-consumer-finance/) economics? It's certainly historical, and it speaks to the fragility of legacy financial agreements when compared to the on chain assurances of bitcoin Altcoins 1 of the 2 'OneCoin' founders has been sentenced (https://www.theblock.co/post/250564/one-coin-co-founder-sentenced-to-20-years-and-fined-300-million) for his role in a crypto themed Multi-level marketing ponzi scheme There is a podcast (https://podcasts.apple.com/us/podcast/the-missing-cryptoqueen/id1480370173) Brian Armstrong
Join Molly, Zakk, Dave and Henry for industry-led opinions on important Bitcoin stories from the week. Topics this week include: The Bitcoin meetup scene, Bitcoin Price, Ripple acquires Fortress Trust, AWS managed Bitcoin nodes, Vitalik Buterin's X account hacked via SIM swap, Pierre Rochard's comparison between Drivechains and utilities token, France launches certificates for "finfluencers", A 19.8 BTC fee on a 0.074 BTC transfer, Swan statement on Fortress Trust, Franklin Templeton joins ETF race, Brian Armstrong confirms Coinbase is integrating Lightning and says "Bitcoin is the most important asset in crypto", UK economy shrinks 0.5% in biggest dip since December, HeatBit Bitcoin miners/heaters and raw Manx honey bought with Bitcoin. Merchant of the Month is Satoshi's Wardrobe. Use code "BRITCOINERS" for 10% off your order, valid until the end of September. Britcoiners is a Bitcoin podcast by CoinCorner (https://www.coincorner.com) - a global leader in Bitcoin and Lightning services. #coincorner #britcoiners #bitcoin #bitcoinpodcast #bitcoinnews
Joining us is none other than Dr. Adam Back: co-founder and CEO of Blockstream, the mind behind HashCash and a true OG bitcoiner. In today's, in person, interview, recorded at Baltic Honeybadger 2023, shoutout HodlHodl, we dive into plenty of important topics. We discuss Blockstream's current projects, we explore the developments of Bitcoin's second layer solutions and we debate their use cases after hyperbitcoinization. We even touch on the Drivechain debate. Connect with Adam on Twitter: https://twitter.com/adam3us Check out Blockstream's website to see everything they're working on: https://blockstream.com/ 00:00:00 - Intro - Welcoming Dr. Adam Back 00:12:04 - Blockstream's Current Projects 00:18:52 - Drivechains, Sidechains, Liquid, and More 00:35:43 - 80 IQ Plebs and the Bitcoin Community 00:41:13 - Liquid Adoption annd Updates 00:48:50 - What is the Biggest Threat to Bitcoin? 00:52:11 - Can Institutions Actually Own Bitcoin? 00:58:39 - Bitcoin Storage Innovations 01:00:16 - How has Bitcoin Changed? 01:05:03 - How do you Prove Ownership of Bitcoin? 01:08:56 - CBDCs 01:12:35 - Bitcoin Adoption 01:17:46 - Wrapping Up - Final Thoughts The Freedom Footprint Show is hosted by Knut Svanholm and BTCPseudoFinn. We are concerned about your Freedom Footprint! Join us as we talk to #bitcoin philosophers about how #bitcoin can expand your Freedom Footprint and much more! The show is sponsored by Wasabi Wallet, the privacy-focused desktop wallet with Tor and coinjoin built in. The coins you send to the wallet are coinjoined through Tor, so when you take the coins out they are private. Visit https://wasabiwallet.io/ and download Wasabi Wallet! The show is sponsored by Orange Pill App, the social network for bitcoiners aiming to increase hyperbitcoinization in your local area. Download the Orange Pill App today! See https://www.theorangepillapp.com/ for details and connect with them on Twitter https://twitter.com/orangepillapp The show is sponsored by The Bitcoin Way, specialists in cutting through the technical jargon of Bitcoin, so you can confidently navigate this complex world. . With a skilled IT team well-versed in the Bitcoin space, their goal is to make entering this dynamic realm as straightforward as possible for everyone. They cover everything from Cold Wallets to Nodes, No-KYC Bitcoin Purchases, Inheritance Planning, BTC Payments, and more. If you're looking to expand your freedom footprint, securely managing your Bitcoin in self-custody—the right way, then booking a free 30-minute call with them is the next step to take: thebitcoinway.com/contact/ The show is sponsored by Xellox, developers of the Yokis, your solution to protect your seed against everything life throws at your, including fire, water, corrosion, and pests. The Yokis package includes 3 stainless steel plates and a pen-sized electric engraver, so you write your seed like writing on paper. Check out the Xellox Yokis: https://www.xellox.io/yokis/ and connect with Xellox on Twitter: https://twitter.com/xelloxwallet The show is sponspored by bitcoinbook.shop, the #bitcoin only bookshop by Konsensus Network. Check out https://bitcoinbook.shop/ for Bitcoin books in more than a dozen languages, both original and in translation. Use code FOOTPRINT for 10% off at bitcoinbook.shop! Follow us on Twitter: https://twitter.com/FootprintShow https://twitter.com/knutsvanholm https://twitter.com/BtcPseudoFinn https://twitter.com/KonsensusN Visit our websites for more info: https://konsensus.network/ https://bitcoinbook.shop/ https://www.knutsvanholm.com/
Today I'm pleased to release EPISODE 21 of THE Bitcoin Podcast – Bitcoin Talk with Preston Pysh. We cover a wide range of topics, including parenting in hyperbitcoinization, parasites vs producers, the macro landscape, BRICS, RFK's Bitcoin plan, current debates in the Bitcoin space (Drivechains), Nostr + Bitcoin, El Salvador, finding balance in your life, and much more.Preston also shares a message for anyone on Wall Street…*****WATCH this epsiode on YouTube: Producers vs Parasides (Preston Pysh)*****Follow Preston on Nostr: https://primal.net/prestonnpub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z*****If you're interested in sponsoring THE Bitcoin Podcast, head to https://bitcoinpodcast.net or hit me up on Nostr or Twitter.*****FOLLOW WALKER ON NOSTR: https://primal.net/walkerNpub: npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u*****WATCH ON YOUTUBE: https://www.youtube.com/@walkeramericaWATCH ON RUMBLE: https://rumble.com/user/WalkerAmericaFOLLOW ON TWITTER: WALKER: https://twitter.com/walkeramericaTHE BITCOIN PODCAST: https://twitter.com/titcoinpodcastBITCOIN PODCAST WEBSITE: https://bitcoinpodcast.net*****What is Nostr? How Does it Work? Why Does it Matter?https://nostr.how/en/what-is-nostr
Drivechains puedes ser la nueva moda cripto, así es, cripto dentro de bitcoin. Esto ya lo vimos en sus primeras etapas con BRC-20 y ordinals. Notas del programa: https://cursosbitcoin.com/podcast-862/ Clases nuevas de la semana en: https://cursosbitcoin.com * Generación de códigos QR para seedsigner * Cargar códigos QR
Salt Lake City, UT- I am PUMPED to have Dr. Vance Ginn, Andy Hoffman, and Ulric back in the This week in Bitcoin house! We will talk about all sorts of financial matters such as: Bitcoin, BRICS, real estate, UBI, government/fiat weaponization, taxes, shutdowns, and much more! Thanks to Big Sean Harris, Marco Esquandolez, Sightseeing TV, Alpha Network, Henry Law, and Craig Shipp we need $61 for the next 1 BTC show! ****Unconfiscatable tickets DISCOUNT CODE: meister10 WATCH PREVIOUS SHOW- https://www.youtube.com/watch?v=nuXnSqMumSk Vance Ginn- https://www.vanceginn.com/letpeopleprosper and https://linktr.ee/vanceginn Andy- https://twitter.com/Andy_Hoffman_CG Ser Ulric- https://twitter.com/kobiduran Breaking BTC accounting rules news- https://twitter.com/saylor/status/1699475603525624055 Declaration- https://declarationofmonetaryindependence.org/ Ginn Labor article- https://dailycaller.com/2023/09/04/ginn-americans-labor-day-unemployed-fix/ Elon related tweet- https://twitter.com/chamath/status/1695073336483832007 Drivechains- https://gist.github.com/fernandonm/41eaaf4b1875c3f10b040afad995d24d Coinbeast shirts- https://coinbeast-shop.myshopify.com/ Follow Adam on Twitter- https://twitter.com/TechBalt All of the BitcoinMeister videos are here at- http://DisruptMeister.com Financially support the podcast here- https://anchor.fm/bitcoinmeister/support BOOKMARK SPORTSMEISTER.com DISRUPTMEISTER.com & TECHBALT.com --- Support this podcast: https://podcasters.spotify.com/pod/show/bitcoinmeister/support
The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin
FRIENDS AND ENEMIES Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. This week: Development on Bitcoin Ossify vs Improve The BIP Communication Process What Should Users Know? Do They Care Enough? Defensive Posturing Canadian Woes Continue Immigration Misses And Much More Please press that like button and don't forget to subscribe :) #Bitcoin #Drivechain #BlockFi From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. #Bitcoin #Drivechain #housingmarket Website: https://canadianbitcoiners.com/] ______________________________________________ This show is sponsored by: easyDNS - https://easydns.com/ EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - https://mission.bullbitcoin.com/cbp The CBP recommends Bull Bitcoin for all your BTC needs. With their new kyc-free options, there's never been a quicker, simpler, more private and (most importantly) cheaper way to acquire private Bitcoin. Use the link above for $20 bones, and take advantage of all Bull Bitcoin has to offer. --- Send in a voice message: https://podcasters.spotify.com/pod/show/canadian-bitcoiners/message
► An Exclusive Look At Bitcoin In Kenya, What's Going On? We are joined by fellow bitcoiner and pleb master Guantai. We dive into all things bitcoin education in Kenya, what is daily life like using bitcoin there, what is the bitcoin/altcoin space experience in Kenya? a really fascinating perspective. ► Drivechains, drivechains, drivechains the big bitcoin narrative push, we are being told its main purpose is to be the holy grail for bitcoin providing for all use cases or is it really just a sly round about way to get shitcoins use cases validated by the most powerful network in humanity, bitcoin? ✔ Special Guest: ► @MasterGuantai ✔ Numbers: ► https://twitter.com/cryptocloaks/status/1697402050227896332?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/btcpins/status/1697417878637883406?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ✔ Interview: ► @MasterGuantai ► linktr.ee/MasterGuantai ► @BitcoinMatatuKE ► @BitcoinMtaani ✔ REKT: ► https://twitter.com/bitcoinmagazine/status/1697345761741005261?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/truthcoin/status/1695826897198887279?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/truthcoin/status/1696599509550219497?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/truthcoin/status/1695488926927016005?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/bitcoinpierre/status/1697041437446091251?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/brucefenton/status/1697250457440436423?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/ordinallabs/status/1696587284768776382?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://twitter.com/david_seroy/status/1697352619705180199 ► https://twitter.com/lightcoin/status/1696737431498654051?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://www.drivechain.info/projects/index.html ► https://www.truthcoin.info/blog/bit-assets/ ✔ Bitcoin Hopium: ► https://x.com/stackhodler/status/1696824320058597606?s=46&t=j3o89yN87GxWMG60Rt_wbg ✔ BtcPayServer: ► https://github.com/btcpayserver/btcpayserver/releases ✔ Twitter Handles: @coinicarus @AEHW1 ✔ ShoutOuts: ► @BitkoYinowsky - our PlebUnderground Logo ► @WorldofRusty - Our YT backgrounds and segment transitions ► @luckyredfish - Outro Graphic ► @plebsTaverne - Intro video ► @robbieP808x - Outro music ✔ Links Mentioned: ► https://www.defendingbtc.com/ SUPPORT HODLONAUT ► https://timechainstats.com/ ✔ Check out our Sponsor, support Bitcoin ONLY Businesses: ► https://www.cryptocloaks.com/ For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, and a whole lot more , Printed By Bitcoiners for Bitcoiners! USE CODE PLEBUNDERGROUND FOR 5% OFF or use our affiliate link: https://www.cryptocloaks.com/aff/MobFfSr/ ► https://www.representltd.com/ It's your life...represent accordingly. Sweatpants, Tees, hoodies, a huge variety of Fresh Great Quality clothing by a Bitcoiner for Bitcoiners! USE CODE PLEBUNDERGROUND FOR 10% OFF ► https://cyphersafe.io/ We offer a full line of physical stainless steel and brass products to help you protect your bitcoin from various modes of failure. CypherSafe creates metal BIP39 / SLIP39 bitcoin seed word storage devices that backup your bitcoin wallet and protect them from physical disaster Timecodes: 0:00 - Intro 00:23 - Waltons Rap 05:28 - Numbers 07:05 - 80IQ plebs 12:28 - Fighting shitcoins in Africa 16:26 - Fireside Chat 18:36 - Bitcoin Education in Africa 25:47 - Kenyan Bitcoin use + technology 34:27 - Bitcoin nodes in Kenya 37:06 - REKT 37:54 - SEC delays bitcoin Spot ETF 38:16 - Drivechains 56:18 - Hopium #Bitcoin #crypto #cryptocurrency #weekly
L'avventura inizia!Primo di diventare Disruptive Talks, ecco Synapshow.In questo episodio: il drama che circonda l'influencer BitBoy Crypto, approfondimenti sulle Bitcoin Drivechains, arrivo probabile di un Bitcoin ETF Spot ultimi avvenimenti. Questo episodio e stato preparato senza materiale adeguato e con qualche giorni di preparazionewww.disruptivetalks.itSupport the Show.❤️ Ti piace il nostro lavoro? Lascia un like e abbonati al nostro canale YouTube, questo ci aiuta tanto!https://www.youtube.com/@DisruptiveTalksPodcast✉️ Tutto il nostro contenuto in versione scritta (e senza l'accento francese) nella newsletter gratuita: https://disruptivetalks.substack.com/► Sito ufficiale: https://disruptivetalks.it/► Rimane in contatto diretto con noi su Telegram: https://t.me/DisruptiveTalksPodcast► Seguici sul nostro canale Twitch: https://www.twitch.tv/disruptivetalks► Sul nostro canale TikTok: https://www.tiktok.com/@disruptive.talks❤️ Supporta il nostro canale e il nostro lavoro (che svolgiamo come una passione sul nostro tempo libero): https://www.buzzsprout.com/2242815/supporters/new
Kallisti comes back on the Digital Cash Rundown to talk about the new Bitcoin civil war with Drivechains, mining centralization, and more. Buy subscriber NFTs! https://descentr.net/nft/ Start living on crypto: https://descentr.net/crypto Crypto services directory: https://descentr.net/crypto-services Music from https://www.zapsplat.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/digitalcashnetwork/message Support this podcast: https://podcasters.spotify.com/pod/show/digitalcashnetwork/support
Michael and Pierre discuss Drivechains, followed by Pierre explaining reality at Drivechainers.
Another week another righteous debate within Bitcoin. This time though, it's more than just some Twitter squabbling. On this episode of Bitcoin Builders, NLW provides a primer on the debate around BIP300 and drivechains, which in many ways is a debate around the boundaries of bitcoin use itself. Thanks to our sponsor: In Wolf's Clothing // Wolf is the first startup accelerator focused exclusively on Bitcoin and Lightning // Learn more at wolfnyc.com Bitcoin Builders is produced and hosted by Nathaniel Whittemore. Lead researcher is Scott Hill. Edited by Kyle Barbour-Hoffman. Images by Midjourney. Theme music is "Everybody Dance" by True Ripper, licensed via Track Club. Ad music is "Easy's First Tiger" by Bossfight
We're joined by BTC Sessions to talk about his upcoming "Coldcard Workshop" at "Pacific Bitcoin," a 4-hour, hands on training course to make sure you're confident with storing your Bitcoin. We also talk with Tone Vays, Sam Callahan, Steven Lubka, and many others about their thoughts on drive chains, Bitcoin upgrades, and the latest macro news. Timestamps: 00:00:00 “Café Bitcoin” Intro 00:01:01 Drivechains, Bip300 with Tone Vays, Ant, and the Café Bitcoin Crew 00:56:08 Bitcoin Workshops with BTC Sessions 01:43:40 Swan Private Macro Friday 02:01:44 “Café Bitcoin” Outro Twitter Nests: Join (https://t.me/cafebitcoinclub) for Twitter Nests Swan Private Team Members: Alex Stanczyk Twitter: https://twitter.com/alexstanczyk Café Bitcoin Crew: Ant: https://twitter.com/2140data Tomer: https://twitter.com/TomerStrolight Wicked: https://twitter.com/w_s_bitcoin Peter: https://twitter.com/PeterAnsel9 Produced by: https://twitter.com/Producer_Jacob Free Bitcoin-only live data (no ads) http://TimechainStats.com“From Timechain to Cantillionares Game, you can find Tip_NZ creations at Geyser Fund:” https://geyser.fund/project/tip Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Download the all new Swan app! iOS: https://apps.apple.com/us/app/swan-bitcoin/id1576287352 Android: https://play.google.com/store/apps/details?id=com.swanbitcoin.android&pli=1 Join us for Pacific Bitcoin Festival 2023! Purchase your tickets now before prices go up: https://PacificBitcoin2023.com Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swan.com/private Check out the best place for Bitcoin education, Swan Bitcoin's “Bitcoin Canon”. Compiling all of the greatst articles, news sources, videos and more from your favorite bitcoiners! https://www.swan.com/canon/ Get paid to recruit new Bitcoiners: https://swan.com/enlist Hello and welcome to The Café Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. We're excited to announce we are bringing the The Café Bitcoin conversation from Twitter Spaces to you on this show, The Café Bitcoin Podcast, Monday - Friday every week. Join us as we speak to guest like Max Keiser, Lyn Alden, Tomer Strolight, Cory Klippsten and many others from the bitcoin space. Also, be sure to hit that subscribe button to make sure you get the notifications when we launch an episode. Join us Monday - Friday 7pst/10est every Morning and become apart of the conversation! Thank you again and we look forward to giving you the best bitcoin content daily here on The Café Bitcoin Podcast. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swan.com/yt Connect with Swan on social media: Twitter: https://twitter.com/Swan
We're talking about the Stanford Blockchain Conf, Drivechains causing chaos on Bitcoin twitter, Greyscale's ACTUAL chances of getting an ETF, Uniswap beating a very silly lawsuit and Friend.Tech's weird week on Twitter and Starkware balancing out user accounts. Thanks for listening! If you'd like to get in touch, drop feedback or chat with Evan and Will, send us an email at web3builders@protonmail.com.
work at opensats https://bitcoinerjobs.com/job/1142291-head-of-fiat-operations-opensats-opensats Grayscale Wins Appeal Against SEC Overturing Its Decision on Bitcoin ETF https://www.nobsbitcoin.com/grayscale-wins-appeal-over-sec/ U.S. Department of the Treasury, IRS Released Proposed Regulations on Sales and Exchanges of Bitcoin for Brokers https://www.nobsbitcoin.com/u-s-department-of-the-treasury-irs-release-proposed-regulations-on-sales-and-exchanges-of-bitcoin-for-brokers/ Nodal Power Raised $13 Million Seed Round to Mine Bitcoin at Landfills https://www.nobsbitcoin.com/nodal-power-raised-13m/ New Spiral Grantee Michael Haase; Vasil Dimov's Grant Gets Renewed https://www.nobsbitcoin.com/new-spiral-grantee-michael-haase/ Vulpem Ventures Awarded Open Source Development Grant to Burak https://www.nobsbitcoin.com/vulpem-ventures-awarded-open-source-development-grant-to/ RoboSats Is Decentralizing: How To Become RoboSats Federation Coordinator https://www.nobsbitcoin.com/robosats-is-decentralizing-how-to-become-robosats-federation-coordinator/ Zaprite Platform Upgrades: Payment Links, New Receive Integrations, Subscription Plans & More https://www.nobsbitcoin.com/zaprite-platform-upgrades/ Nix Bitcoin v0.0.97 https://www.nobsbitcoin.com/nix-bitcoin-v0-0-97/ BTCPay Server v1.11.3: Brush Ups and Minor Fixes https://www.nobsbitcoin.com/btcpay-server-v1-11-3/ Nayuta Wallet Android v0.2.0: LNURL Pay QR Code Support https://www.nobsbitcoin.com/nayuta-wallet-v0-2-0/ Mutiny Wallet v0.4.14: Web and Android Feature Parity https://www.nobsbitcoin.com/mutiny-wallet-v0-4-14/ Floresta v0.5.0 Released https://www.nobsbitcoin.com/floresta-v0-5-0/ Joinmarket v0.9.10: RBF Fee Bumping, Improvements & Bug Fixes https://www.nobsbitcoin.com/joinmarket-v0-9-10/ Spring v0.1.0: The Nostr Browser https://www.nobsbitcoin.com/spring-nostr-browser/ Amber v0.0.6: New UI & Fixes https://www.nobsbitcoin.com/amber-v0-0-6/ Highlighter Extension v0.2.1: Create Nostr Highlights Anywhere on the Web https://www.nobsbitcoin.com/highlighter-extension-v0-2-1/ NDK v0.8.21: The Protocol Is the App Store https://www.nobsbitcoin.com/ndk-v0-8-21/ Snort.Social Has Been Redesigned https://www.nobsbitcoin.com/snort-social-has-been-redesigned/ Nostree v0.1.2: Linktree Style Nostr Client https://www.nobsbitcoin.com/nostree-v0-1-2/ Vendata.io: Nostr Client to Interact with Data Vending Machines https://www.nobsbitcoin.com/vendata-io-a-nostr-client-to-interact-with-data-vending-machines/ Nucleus: Capital-efficient Multipeer Lightning Payments https://www.nobsbitcoin.com/nucleus-capital-efficient-multipeer-lightning-payments/ Using FROST to Increase Privacy in Collaborative Bitcoin Custody Models https://tftc.io/martys-bent/issue-1379-using-frost-to-increase-privacy-in-collaborative-bitcoin-custody-models/ 3:45 - Work at OpenSats8:51 - Dashboard11:07 - Drivechains and other soft forks36:44 - WWIII38:53 - Grayscale1:03:21 - Nodal Power1:05:44 - Grants1:14:12 - Boosts1:21:36 - Software updates1:36:30 - Jobs data1:38:17 - Coups and gerontocracy Shoutout to our sponsors: Unchained Capital https://unchained.com/concierge/ Coinkite https://coinkite.com/ TFTC Merch is Available: Shop Now https://merch.tftc.io/ Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Follow Marty Bent: Twitter https://twitter.com/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Twitter https://twitter.com/ODELL Newsletter https://tftc.io/the-sat-standard/ Podcast https://citadeldispatch.com/
IN THIS EPISODE, YOU'LL LEARN:Why is building an ASIC like building a high-performance race car?How do you think through production and reliability when building an ASIC?How can one test the reliability of an ASIC when it's actual performance is always on?What is the Blockstream BASIC note?What was the performance of the previous Blockstream Mining Note and how is it different than the BASIC?Why is there so much inventory of ASICs on the market right now?Some people say layer 1 bitcoin might become too costly and layer 2 can't scale, what are your thoughts?What is Adam's thoughts on drivechains?Are there other blockchains that have experimented with OP CATs that were originally coded into Bitcoin but now are turned-off for safety reasons?Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"?Are engineers being reasonable with the speed at which they want to roll-out updates?BOOKS AND RESOURCESAdam Back's Twitter.Information about the Blockstream BASIC note.Information about the Blockstream ASIC they are building.Information about Drivechains on Bitcoin.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world's largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Send, spend, and receive money around the world easily with Wise.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Return to the all-access world of the rich and powerful. Don't miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In the middle of a more aggressive campaign to promote a soft fork that enables two-way pegged sidechains via BIP 300/301, Layer Two Labs CEO Paul Sztorc has been accused of attacking Bitcoin and being the new Mike Hearn. But are Drivechains that bad?
Morgen and Pierre discuss what the Drivechains proposal is and what's going on with GBTC and the SEC.
Today I'm pleased to release my Bitcoin Talk with Jeff Booth. We cover a ton of topics, ranging from current debates in the Bitcoin space (Drivechains), why he wrote his book “The Price of Tomorrow,” building and investing in Bitcoin businesses, raising money, advice for young people, Nostr, Lightning, Fedimint, and much more.Jeff also weighs in on the big question: what is the failure case for Bitcoin?*****You can WATCH the video version of this episode here: The ONLY Risk to Bitcoin (video)*****If you're interested in sponsoring THE Bitcoin Podcast, head to https://bitcoinpodcast.net*****Follow Jeff on Nostr: https://primal.net/jeffboothNpub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe*****What is Nostr? How Does it Work? Why Does it Matter?*****FOLLOW WALKER ON NOSTR: https://primal.net/walkerNpub: npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u*****WATCH ON YOUTUBE: https://www.youtube.com/@walkeramericaWATCH ON RUMBLE: https://rumble.com/user/WalkerAmericaFOLLOW ON TWITTER:WALKER: https://twitter.com/walkeramericaTHE BITCOIN PODCAST: https://twitter.com/titcoinpodcastBITCOIN PODCAST WEBSITE: https://bitcoinpodcast.net
Marty sits down with Rob Hamilton to discuss Anchorwatch and keeping focus on Miniscript and maximizing its potential. Rob on Twitter: https://twitter.com/Rob1Ham Anchorwatch: https://www.anchorwatch.com/about 5:30 - Ninja Launch7:43 - Bluechecks13:31 - Content models18:18 - Drivechains and OP_VAULT22:58 - Miniscript27:07 - Stepping back on Miniscript33:50 - Balancing complexity at Anchorwatch36:17 - Bitcoin risk products42:52 - Anchorwatch policy construction47:15 - UX51:58 - Impatience55:17 - Get your hands dirty59:31 - Edge cases1:06:22 - MPC1:18:54 - Upgrades with unknown unknowns1:27:34 - Bullish1:32:43 - Bitcoin in macro1:39:59 - Urgency Shoutout to our sponsors: Unchained River CrowdHealth Bitcoin Talent Co TFTC Merch is Available: Shop Now Join the TFTC Movement: Main YT Channel Clips YT Channel Website Twitter Instagram Follow Marty Bent: Twitter Newsletter Podcast
Paul Sztorc comes on the podcast to talk about drivechains, a newly-hot approach to scaling Bitcoin through merge-mined sidechains, essentially removing the need to use other cryptocurrencies to try new features, while making it basically risk-free to the conservative network. Buy subscriber NFTs! https://descentr.net/nft/ Start living on crypto: https://descentr.net/crypto Crypto services directory: https://descentr.net/crypto-services Music from https://www.zapsplat.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/digitalcashnetwork/message Support this podcast: https://podcasters.spotify.com/pod/show/digitalcashnetwork/support
Nate of EatSleepCrypto comes back on the Digital Cash Rundown to talk PayPal's new stablecoin, the Drivechain debate on Bitcoin, and a discussion on governance. Buy subscriber NFTs! https://descentr.net/nft/ Start living on crypto: https://descentr.net/crypto Crypto services directory: https://descentr.net/crypto-services Music from https://www.zapsplat.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/digitalcashnetwork/message Support this podcast: https://podcasters.spotify.com/pod/show/digitalcashnetwork/support
Pre-Show Ark 21Shares Spot Bitcoin (BTC) ETF Application Decision Delayed by SEC (https://www.coindesk.com/policy/2023/08/11/ark-21shares-bitcoin-etf-application-decision-pushed-by-sec/) The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments. SEC Sounds Kinda Bullish... Bitcoin Magazine on Twitter: "NEW -
"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages." - "Blind merge mining works by a third party running the sidechain, building sidechain blocks and receiving the sidechain fees. This entity then creates a Bitcoin transaction, which passes on these fees to the Bitcoin miners in the form of Bitcoin transaction fees." — Bitmex research A trustless, high assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show! Check out the original article from Bitmex research: Drivechains A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution, Nodeless.io/guy Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold ------------------------- "Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages." - "Blind merge mining works by a third party running the sidechain, building sidechain blocks and receiving the sidechain fees. This entity then creates a Bitcoin transaction, which passes on these fees to the Bitcoin miners in the form of Bitcoin transaction fees." — Bitmex research A trustless, high assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show! Check out the original article from Bitmex research: Drivechains A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show! 9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard Check out the KYC Free, simple, no management, Bitcoin merchant solution, Nodeless.io/guy Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold ------------------------- "Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Paul Sztorc (Founder & CEO of Layer 2 Labs) shares his reflections on BTC dev (captured?), and BCH problems / progress post fork. We also discuss Drivechains, Worldcoin launch, SlimeShadies, and more. Enjoy!Links:Paul Sztorc on Twitter: https://twitter.com/TruthcoinBCH Independence Day video by Pantera: https://twitter.com/Panterabch/status/1686091860102496257Presentation slides of this episode: https://docs.google.com/presentation/d/1_qZI6xBX7zWqMfQ5E8ANpNSPW76WPxpz/edit#slide=id.g1001e085589_0_4Donations:bitcoincash:qq8phq6xm39873mu7d0kqqv4tzuyyz6evum68pdxs7Sponsors:Thank you very much to our flipstarter contributors: https://flipstarter.bitcoincashpodcast.com/enGeneral Protocols: https://generalprotocols.com and https://bchbull.com Socials:Website: https://www.bitcoincashpodcast.comTimestamps:00:00 Podcast starts00:37 Intro01:45 BCH Independence Day #604:21 Bitcoin's blocksize debate13:10 On ideas and innovation18:57 On Drivechains28:08 Reflections on BCH54:26 BCH's community governance57:28 BCH is unkillable1:09:41 What would convince Paul?1:28:51 Status quo and game theory1:31:00 What is the tipping point?1:33:45 BSV is looking for the exit1:39:18 Paul explains his position on BTC / BCH1:41:56 Jason Dreyzehner and CashTokens1:47:29 Worldcoin launch1:50:37 Meme of the week1:53:02 SlimeShadies joining BCH1:54:49 Paul's predictions for BCH / BTC2:06:20 Paul's message for the community2:08:53 Podcast supporter appreciation2:09:32 Paul's shoutout2:12:00 Shoutouts and outro
Interview: Paul Sztorc Paul's vision of scaling is built on his proposal for drivechains (https://drivechain.xyz/), sidechains that hold coins using bitcoin miner escarow Pauls proposal of thunder, a way to scale sidechains (https://www.truthcoin.info/blog/thunder/) on bitcoin The mathematical limitations (https://www.truthcoin.info/blog/lightning-limitations/) of lightning network scaling on bitcoin Hal Phinney on intrade (https://www.overcomingbias.com/p/intrades-condithtml) and prediction markets The pre-Blockstream sidechains paper (https://blockstream.com/sidechains.pdf) that formed the basis for the Liquid Sidechain The original Scaling Bitcoin Conference (https://coingeek.com/scaling-bitcoin-conference-day-1/) that Paul mentioned The BitDNS conversation (https://bitcointalk.org/index.php?topic=1790) on bitcointalk.org The New Yorker Magazine convered the dramatic end of intrade (https://www.newyorker.com/news/john-cassidy/what-killed-intrade), and controversy surrounding its' CEO Paul's Drive Chain Insiders (https://t.me/dcinsiders) telegram group Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod (https://mobile.twitter.com/bitcoindadpod) on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started), details here (https://www.jupiterbroadcasting.com/community/matrix/) Thank you Boosters If you get some value from this show, please consider sending a boost. Hearing from you means a lot to us! Send a Boost via the Podcast Index web page. No Podcast app upgrade required. Install Alby (https://getalby.com/) Find the Bitcoin Dad Pod on the Podcast Index (https://podcastindex.org/podcast/5049889) Boost right from the page! Send a re-ocurring or one-off lightning boost to the show with no message at bdadpod@getalby.com or directly to Chris at chrislas@getalby.com Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) + Alby (https://getalby.com/) for boosts Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple) Sponsors and Acknowledgements Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Entender a importância das Drivechains requer uma mudança de paradigma por parte de muitos bitcoinheiros. Vamos conversar com o Fiatjaf (criador do Nostr) para entender um pouco mais sobre a teoria dos jogos e os incentivos para o sucesso das drivechains. ________________ APOIE O CANAL https://bitcoinheiros.com/apoie/ ⚡ln@pay.bitcoinheiros.com Loja dos Bitcoinheiros https://loja.bitcoinheiros.com/ Escute no Fountain Podcasts (https://fountain.fm/join-fountain) para receber e enviar satoshinhos no modelo Value4Value SIGA OS BITCOINHEIROS: Site: https://www.bitcoinheiros.com Youtube: https://www.youtube.com/bitcoinheiros Twitter: https://www.twitter.com/bitcoinheiros Allan - https://www.twitter.com/allanraicher Dov - https://twitter.com/bitdov Becas - https://twitter.com/bksbk6 Ivan - https://twitter.com/bitofsilence Instagram: https://www.instagram.com/bitcoinheiros Facebook: https://www.fb.com/bitcoinheiros Podcast: https://anchor.fm/bitcoinheiros COMO GUARDAR SEUS BITCOINS? Bitcoinheiros recomendam o uso de carteiras Multisig com Hardware Wallets de diferentes fabricantes ou próprias. Para ver as carteiras de hardware que recomendamos, acesse https://www.bitcoinheiros.com/carteiras Veja os descontos e clique nos links de afiliados para ajudar o canal Por exemplo, para a COLDCARD - https://store.coinkite.com/promo/bitcoinheiros Com o código "bitcoinheiros" você ganha 5% de desconto na ColdCard Playlist "Canivete Suíço Bitcoinheiro" https://www.youtube.com/playlist?list=PLgcVYwONyxmg-KH5bwzMU4sdyMbVMPqwb Playlist "Carteiras Multisig de Bitcoin" https://www.youtube.com/playlist?list=PLgcVYwONyxmi74PiIUSnGieNIPqmtmdjW ISENÇÃO DE RESPONSABILIDADE: Este conteúdo foi preparado para fins meramente informativos. NÃO é uma recomendação financeira nem de investimento. As opiniões apresentadas são apenas opiniões. Faça sua própria pesquisa. Não nos responsabilizamos por qualquer decisão de investimento que você tomar ou ação que você executar inspirada em nossos vídeos. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinheiros/message
I'm joined by guests James O'Beirne, Rijndael, Antoine Poinsot and Ben Carman to discuss OP_VAULT for Bitcoin covenants. Discussion Topics: 00:03:40 Overview of OP_VAULT 00:10:34 Practical examples of OP_VAULT 00:14:44 Anchors and fee management mechanisms 00:17:05 Fee management 00:20:37 Generating addresses 00:23:44 Use cases for OP_VAULT 00:26:29 Key management 00:31:56 Inheritance planning 00:33:35 Simplicity vs complexity 00:38:42 OP_VAULT practical applications 00:44:34 Covenants and discreet log contracts 00:57:44 OP_VAULT benefits 01:05:31 Criticisms and risks 01:09:27 Watchtowers and handling blockchain information 01:12:35 Fungability concerns 01:18:46 Drivechains & CTV 01:21:34 Unforseen consequences (ordinals) 01:23:03 Activating OP_VAULT 01:42:15 Chain ossification 01:43:23 Bitcoin vs gold - attack vectors 01:51:37 Further reading Links & Contacts: Website: https://bitcoin.review/Podcast Twitter: https://twitter.com/bitcoinreviewhq NVK Twitter: https://twitter.com/nvk Telegram: https://t.me/BitcoinReviewPod Email: producer@coinkite.com Nostr & LN:⚡nvk@nvk.org (not an email!) Full show notes: https://bitcoin.review/podcast/episode-23/
Joe and John discuss Bitcoin scaling solutions, Layer 2's, Lightning, ZK Rollups, Drivechains, and more! NordVPN - Privately and securely browse the web. This is critical to handling your Bitcoin carefully. Use code: “Blockware” for a 30-day money-back guarantee. https://nordvpn.com/blockware Follow us on Twitter: Joe: https://twitter.com/IIICapital John: https://twitter.com/lightcoin Blockware: https://twitter.com/BlockwareTeam Timestamps: 00:00 Intro/Johns Background 02:39 Why can't Bitcoin scale 100% on-chain (on the base layer?) 10:11 The Lightning Network vs Rollups 19:08 Validity (ZK) Rollups 27:59 Layer 2 Limitations 34:21 Drivechains 40:26 Synergy Between Validity Rollups and Drivechains 50:00 Are Bitcoin Devs Interested in Validity Rollups? 54:41 Drawbacks of Validity Rollups
On today's show, we are joined by Paul Sztorc and Austin Alexander of Layer 2 Labs, a new Bitcoin company that raised $3 million to bring sidechains to the Bitcoin network. https://layer2labs.com/ https://twitter.com/LayerTwoLabs Paul Sztorci: https://twitter.com/Truthcoin Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry's Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin's global impact. TIMESTAMPS: 00:00 Start 01:10 Intro 01:44 Who is Paul? 02:50 Who is Austin? 04:33 ETH & Zcash on drivechains 07:10 What is merge mining? 10:08 The history of sidechains 20:49 Liquid vs sidechains 26:18 Cultural pushback against drivechains 32:53 Other scaling ideas 36:45 The BIP process 42:16 Wrap up MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD FOLLOW Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining
Discount link (get 6 months of bitcoin Auto-Send withdrawals for free): https://www.hardblock.com.au/join/ozbitcoinpod Thanks to our guest Paul Sztorc twitter.com/Truthcoin: Host: twitter.com/danWilcz Sponsored by HardBlock: https://www.hardblock.com.au Notes - What are sidechains and their history - What is merge mining, what do we mean by a peg - Different types of Sidechains - How drivechains are an improvment - What we need to implement drivechains in Bitcoin - Addressing criticism of drivechains
Intro Edward Chancellor Devil Take the Hindmost (https://www.edwardchancellor.com/) Mercea Popeski's best quotes (https://twitter.com/pete_rizzo_/status/1409128764903206912) courtesy of Pete Rizzo And his "former lover's" blog (https://t.co/KIflJGCVYb) News Swan aquires the company (https://archive.ph/vKD8k) behind Specter wallet (https://archive.ph/M2MWL) Tornado Cash Developer Alexey Pertsev still being held 7 weeks without charge (https://www.theblock.co/post/174016/arrested-tornado-cash-developer-alexey-pertsev-appeal-rejected) and Dutch authorities are selling his car? When Taproot? (https://whentaproot.org/) tracks taproot integration in projects and provides education to developers, bitcoin upgrades can take time to become widespread (https://buybitcoinworldwide.com/stats/segwit-adoption/) Economics A modern look at the Trinity Study (https://web.archive.org/web/20110806210437/http://www.aaii.com/journal/article/retirement-savings-choosing-a-withdrawal-rate-that-is-sustainable?utm_source=sitesearch&utm_medium=click) and what it says about human's search for monetary stability (https://web.archive.org/web/20110708072619/http://wpfau.blogspot.com/2010/10/trinity-study-retirement-withdrawal.html) The Trinity Study tried to debunk a 10% withdrawl rate, not support a 4% rate The Blues and the Greens (https://www.lesswrong.com/posts/6hfGNLf4Hg5DXqJCF/a-fable-of-science-and-politics), one of Paul's favorite allegories Some detail and texture of the early 20th century gold standard (https://m.youtube.com/watch?v=_Gqn4WWvvNM) The Apple Card is worse than subprime (https://www.cnbc.com/2022/09/12/goldmans-gs-apple-card-business-has-a-surprising-subprime-problem.html), turns out making phones doesn't make you a good CC issuer? A primer on bond investing (https://www.lynalden.com/bond-investing/) from Lyn Alden as a way to think about the Privacy ErgoBTC contributes to privacy guru Michael Bazzell's pro-privacy magazine (https://www.nobsbitcoin.com/unredacted-4/) Speaking of Michael Bazzell, his guide on a DIY credit freeze (https://inteltechniques.com/freeze.html) is a must do for all people in the USA Software Updates Fountain podcast app now supports a queue (https://archive.ph/KbiNt) and carplay - Chris seemed to think that was important Bitcoin Education Lopp on encrypted cloud backups (https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/) ZeroSync - an instant blockchain syncronization proof (https://github.com/lucidLuckylee/zerosync/tree/main/docs) might allow nodes to instantly sync to the bitcoin mainchain Uses bitcoin's assumeValid (https://bitcoincore.org/en/2017/03/08/release-0.14.0/#assumed-valid-blocks) flag and implements utreexo (https://dci.mit.edu/utreexo) In Bitcoin Optech #219 (https://bitcoinops.org/en/newsletters/2022/09/28/) Anthony Towns describes a bitcoin fork for testing soft fork proposals on Signet, useful for Drivechains? Paul discusses alternative drivechain activation methods (https://bitcoinops.org/en/newsletters/2022/09/21/) Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like element (https://element.io/get-started) Boosts Lopp's bitcoin resources (https://www.lopp.net/bitcoin-information.html) for learning about all aspects of bitcoin Paul's drive chain (https://www.drivechain.info/) resources Run a drive chain here (https://www.drivechain.info/releases/index.html) Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) Novem ber 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% di scount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)
Paul Sztorc is an independent Bitcoin researcher. In this interview, we discuss drivechains, his 2015 proposal that's the focus of BiP 300 and 301. Drivechains facilitate sidechains on Bitcoin, providing a bridge to new coins. The aim is to enable developer creativity atop Bitcoin. - - - - In October 2014 Adam Back and other prominent Bitcoin developers introduced the concept of sidechains to Bitcoin's infrastructure. In the paper, they stated “We propose a new technology, pegged sidechains, which enables bitcoins and other ledger assets to be transferred between multiple blockchains. This gives users access to new and innovative cryptocurrency systems using the assets they already own.” Paul Sztorc then developed a proposal for a version of sidechains in 2015 that were linked to Bitcoin's mainchain. This proposal would improve on the original sidechain idea in several ways: it did not require independent miners for the sidechains, and further, it did not require a hard-fork of Bitcoin. A principle driver was to enable developers to create innovations within Bitcoin, outside of the need to develop separate token ecosystems. Various features, including a 1:1 peg, and a delayed redemption period, were designed to mitigate the incentive to create new alternative tokens for purely selfish financial reasons, whilst facilitating an ecosystem for innovation. In short, it was designed to remove the marketplace for altcoins altogether, allowing Bitcoin to foster experimentation. And yet, whilst being the basis for two Bitcoin Improvement Proposals, drivechains are still yet to be adopted by the community. This is perhaps not a surprise given Bitcoin's focus on dependability and reasonable concerns about impinging on Bitcoin's robust security. But, are these concerns valid? Of course, the idea that we could retain a fixed monetary supply on a secure base layer, and at the same time have the freedom to experiment with new privacy technologies and programmability seems like the best of both worlds. The question remains why this strategy has not yet been broadly supported and adopted by the network. The “work slowly and build things” philosophy in Bitcoin is a core pillar of the Bitcoin value proposition as a reliable monetary protocol. But can drivechains be a way of enabling Bitcoin to become the gravitational centre for developers? Or, do Drivechains pose an existential choice between security and progress?
“I don't think we'll ever agree on what you might call meta consensus, like what the blockchain should contain. I think people will probably continue to disagree about that, forever. And I think that sidechain is a sort of an escape valve.”— Paul SztorcPaul Sztorc is an independent Bitcoin researcher. In this interview, we discuss drivechains, his 2015 proposal that's the focus of BiP 300 and 301. Drivechains facilitate sidechains on Bitcoin, providing a bridge to new coins. The aim is to enable developer creativity atop Bitcoin.- - - - In October 2014 Adam Back and other prominent Bitcoin developers introduced the concept of sidechains to Bitcoin's infrastructure. In the paper, they stated “We propose a new technology, pegged sidechains, which enables bitcoins and other ledger assets to be transferred between multiple blockchains. This gives users access to new and innovative cryptocurrency systems using the assets they already own.”Paul Sztorc then developed a proposal for a version of sidechains in 2015 that were linked to Bitcoin's mainchain. This proposal would improve on the original sidechain idea in several ways: it did not require independent miners for the sidechains, and further, it did not require a hard-fork of Bitcoin. A principle driver was to enable developers to create innovations within Bitcoin, outside of the need to develop separate token ecosystems. Various features, including a 1:1 peg, and a delayed redemption period, were designed to mitigate the incentive to create new alternative tokens for purely selfish financial reasons, whilst facilitating an ecosystem for innovation.In short, it was designed to remove the marketplace for altcoins altogether, allowing Bitcoin to foster experimentation. And yet, whilst being the basis for two Bitcoin Improvement Proposals, drivechains are still yet to be adopted by the community. This is perhaps not a surprise given Bitcoin's focus on dependability and reasonable concerns about impinging on Bitcoin's robust security. But, are these concerns valid? Of course, the idea that we could retain a fixed monetary supply on a secure base layer, and at the same time have the freedom to experiment with new privacy technologies and programmability seems like the best of both worlds. The question remains why this strategy has not yet been broadly supported and adopted by the network. The “work slowly and build things” philosophy in Bitcoin is a core pillar of the Bitcoin value proposition as a reliable monetary protocol. But can drivechains be a way of enabling Bitcoin to become the gravitational centre for developers? Or, do Drivechains pose an existential choice between security and progress?- - - - This episode's sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingCake Wallet - Open-source, privacy-focused Bitcoin walletBCB Group - Global digital financial Services-----WBD540 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
"Bitcoin (BTC, the currency) in its current form can scale – enough to process every txn in the world! It just needs the right combination of layer2s." - Paul Sztorc What would it look like if we could use sidechains today to scale Bitcoin to the worldwide payments capacity? Paul Sztorc, proponent and developer for Drivechains & BIP300 to bring this model to the Bitcoin ecosystem, lays out his vision for a future with the Thunder Network; sidechains with heavier data throughput to bridge to act as huge transaction aggregators that enables the quick deployment of any desired feature, an open landscape for design & privacy technology, & will allow Bitcoin to scale to every user in the world, and beyond. Sidechains for Scaling, Thunder Network: https://www.truthcoin.info/blog/thunder/ Check out the "Lessons from Bittorrent Series" covered on the show that was mentioned in the commentary: https://bitcoinaudible.com/why-bittorrent-mattered-lessons-for-crypto-1-of-4/ Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And $10 in sats for FREE by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices
MP3, Poll, Links, and More: http://ymb.tc/e183This is episode 183 of You, Me, and BTC – your liberty and Bitcoin podcast.Scaling, scaling, scaling. Everything is about scaling these days. Do we want SegWit2x? UASF? No changes? Something else?To be honest, we're kinda sick of talking about scaling, so tonight we're gonna dive into something related but different: sidechains. Or more specifically, drivechains.The concept of sidechains has been around for awhile, but according to Kyle Torpey, it appears that a protocol called drivechain will soon become the leading sidechain implementation.One theory is that sidechains will solve Bitcoin scaling by allowing completely new blockchains to reduce Bitcoin's load. Is this really possible? Would it compromise Bitcoin's security? We'll try to answer those questions and share more details during this week's livestream.Then later in the show, we'll cover some brand new events in the Mt. Gox saga. Karpeles is finally going to trial, but (of course) he says he's innocent.Tune in at tonight 9PM Eastern and check the list below for some of the specific stories we'll cover!- Op Ed: Drivechains Could Kill Off the Altcoin Market- Drivechain- Chief of bitcoin exchange Mt. Gox denies embezzlement as trial opensYour hosts this week are Daniel Brown, Tim Baker, and Zack Voell. Don't forget to visit http://ymb.tc/e183 so you can keep up with our open tweet lines, vote in this week's Bitcoin poll, and share your thoughts in the comments!Every click helps. If this Bitcoin podcast was interesting, entertaining, obnoxious, or anything else, use the share buttons to let others know that it exists.Or to support YMB more directly, subscribe on Patreon and earn perks. (http://ymb.tc/FeedUs)
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