Guy's Take #66 - Pooping in the Park

May 03, 2023 01:03:41
Guy's Take #66 - Pooping in the Park
Bitcoin Audible
Guy's Take #66 - Pooping in the Park

May 03 2023 | 01:03:41

/

Hosted By

Guy Swann

Show Notes

Bitcoin is a public good. The maintenance and stewardship of the network rests on the conviction and work of 10s or 100s of thousands of node operators who work to validate and ensure consistency among the rules and the truth of the data propagated throughout. NFTs and BRC tokens have come to the Bitcoin timechain, stamping large amounts of data to the chain, and causing bloat in the UTXO set, as well as validation and bandwidth costs. Is the sky falling? Is this totally unimportant? Or is there a meaningful conversation to have about the incentives that led us here, and what, if anything could be done about it? Today's show is an introduction to the problem, a brief assessment of what responses could be made, and an argument on why to be good stewards of our public good, we shouldn't poop in the park. This is Guy's Take #66. Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------ "Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy" — F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

January 10, 2023 01:24:55
Episode Cover

Guy's Take #62 - Dear Peter Zeihan...

How much economic ignorance can you fit into 1 minute and 54 seconds? Well apparently its quite a lot. Peter Zeihan confidently embarrassed himself...

Listen

Episode

June 24, 2019 01:21:16
Episode Cover

CryptoChat_013 - Richard Myers and a Lightning Powered Global Mesh

Today we have a great chat with Richard Myers all about the recently unveiled Lot49 protocol and how Global Mesh Labs intends to incentivize...

Listen

Episode

December 19, 2020 01:02:26
Episode Cover

Chat #54 - WTF is Bitcoin Anyway? With Jim & Hari

Today we have a crazy fun show after getting to hang with Jim & Hari (and James)from the What Do We Know podcast! A...

Listen