Published: Jan. 31, 2022, 11 a.m.
b'
Veteran Bitcoin commentator and inventor of Drivechains Paul Sztorc joins the show to talk Bitcoin\'s sustainability and the role of merged mined side chains. In this episode:\\xa0
- Why Paul is the \\u2018Steely Dan\\u2019 of Bitcoin
- Revisiting \\u2018Measuring decentralization\\u2019
- Revisiting Paul\\u2019s argument on Proof of Stake being veiled PoW
- Why you should roll your own statistics
- Concentration of power in miners and mining pools
- Is PoW worthless if it isn\\u2019t challenged?
- How Bitcoin energy FUD is based on neo-malthusianism
- The Julian Simon / Paul Ehrlich wager
- Why none of our resources are finite
- How climate change diplomacy is neo-colonial
- Why and when innovation happens
- Why Paul is a critic of Bitcoin development culture
- Paul\\u2019s critique of Stock to Flow
- Why Bitcoin culture is static
- Why Bitcoin needs more satire
- Bitcoin fees are 80-100x less than those of Ethereum
- Why BTC fees are not sustainably high
- Why Bitcoin fees and security budget need to grow over time
- Can you just wait for more confirmations if security spend declines
- Are fees destined to be effectively 0 through the creation of more blockspace?
- The history of Drivechains /BIP300
- Does merge mining make it more expensive to run a node?\\xa0
- Do we know how to upgrade Bitcoin Core today?
- The relevance of sidechains and merge mining to Bitcoin today
- Was Satoshi into altcoins?
- Would more sidechain development have inhibited the growth of Ethereum?
- Does BIP300 solve the problem of the Bitcoin security budget?
- Why you can\\u2019t reduce blockspace to increase security budget?\\xa0
- Update on Drivechains
Content mentioned in this episode:\\xa0
Sponsor notes:
- Fireblocks\\xa0is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Learn more at\\xa0fireblocks.com
'