Scaling Bitcoin With Steve Lee and Ren
We're going back to our Bitcoin roots, this time talking about scaling, consensus and soft forks.
The Gwart Show | Blockspace Media
Audio is streamed directly from the publisher (podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Steve Lee from Spiral and Ren from Electric Capital join The Gwart Show to talk Bitcoin consensus! We cover how Bitcoin changes, stakeholder weight, and the future of protocol upgrades like covenants.
Follow our guest on Twitter: @moneyball @0xren_cf
Read our paper: https://bitcoin-cap.github.io/bcap/
00:00 Start
01:00 Introductions
03:01 Partnering for the paper
04:25 Motivation to write paper
08:17 Reluctance to define a BTC consensus process
12:20 Defining the stakeholders
13:48 Consensus game theory
15:51 Blocksize war
20:36 Learnings from the Blocksize War
22:33 Signaling & other activation routes
26:13 Bounty claim attack
29:44 Are miners up to speed on covenants?
31:59 measuring state of mind
34:38 Education
36:45 Self custody = power
40:59 Role of influencers
45:20 Current state of possible changes
49:39 Echo chambers vs reality
53:42 Will we get to a breaking point?
58:16 OP_CAT
1:01:44 Productive paths to change
1:04:47 What does Bitcoin NEED?
👋The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices