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b'In a heated debate, Eric Wall, crypto blogger and investor, and Justin Bons, founder and chief investment officer of Cyber Capital, discuss Bitcoin\\u2019s security model, whether there are fundamental flaws in its design, and which is the best consensus mechanism.\\xa0\\n\\xa0\\nShow highlights:\\n\\nwhy Justin stopped believing in Bitcoin and why he calls it \\u201ctechnically one of the worst cryptocurrencies\\u201d\\n\\nhow Eric\\u2019s views on Bitcoin changed over time\\xa0\\n\\nthe problems they see with Bitcoin\\u2019s security\\n\\nwhy Eric attacks BTC maximalism, even when he is a Bitcoiner\\n\\nhow the Bitcoin community will change in the next decades, and why the security problem is a challenge that could be solved\\n\\nwhether BTC should increase its inflation and whether that would break the store of value proposition\\n\\nwhy Justin thinks that BTC fails as money and won\\u2019t play a relevant role in the future\\n\\nwhat happened around the time of the blocksize debate back in 2015-2017\\n\\nwhether there\\u2019s something wrong with Bitcoin\\u2019s culture and why Eric compares it to a doomsday cult\\n\\nwhy Ethereum has external dependencies that can impose systemic risks, according to Eric\\n\\nwhether proof of stake or proof of work is a better consensus mechanism\\n\\nwhether Ethereum is more censorship resistant than Bitcoin\\n\\nwhy BTC is a speculative asset and what Justin believes is needed for crypto to finally flourish\\n\\n\\n\\nThank you to our sponsors!\\n Crypto.com\\nAva Labs\\na16z\\n\\n\\nJustin:\\nTwitter\\nEric:\\n\\nTwitter\\n\\nMedium\\n\\n\\xa0\\nEpisode Links\\n\\xa0\\nPrevious Coverage of Unchained:\\n\\n\\n Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH\\xa0\\n\\n With the Merge, Will Ethereum Take Over Bitcoin\\u2019s Title as Digital Gold?\\n\\n\\xa0\\nBitcoin\\u2019s Security, Blocksize and Culture\\n Surprisingly, Tail Emission Is Not Inflationary by Peter Todd\\n Justin\\u2019s thread that kicked off the debate\\n A (brief and incomplete) history of censorship in /r/Bitcoin\\n Theory On Bitcoin Governance; Three Stage Model by Justin Bons\\n\\xa0\\nCentralization:\\nEthereum Post-Merge Centralization\\n Lido\\u2019s validators\\nBTC Centralization\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'