Read_757 - Putting the B in BTC [Anthony Towns]

August 18, 2023 01:14:51
Read_757 - Putting the B in BTC [Anthony Towns]
Bitcoin Audible
Read_757 - Putting the B in BTC [Anthony Towns]

Aug 18 2023 | 01:14:51

/

Hosted By

Guy Swann

Show Notes

"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns


It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem.


Check out the original article at : Putting the B in BTC


Links:

- Anthony Towns Twitter

- Guy's Take #55 - On the Economics of CTV Batching, & Where I was Wrong - Bitcoin Audible | Podcast on Spotify

- Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin

- Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist.


A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!

-------------------------

"Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how."

— Jordan B. Peterson

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

November 30, 2020 00:50:56
Episode Cover

Read_466 - A Note on Bitcoin [James O'Beirne]

"And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the...

Listen

Episode

May 31, 2018 00:23:56
Episode Cover

CryptoQuikRead_082 - Exploring Lightning Network Routing

Channel balances, gateway routing nodes, non-advertised channels, buffer capital, source routing, onion routing, bridge channels, and atomic multi-path payments. Take a dive into the...

Listen

Episode

June 09, 2023 01:21:31
Episode Cover

Guy's Take #67 - Withdraw Everything

With the banking crisis just getting started, with the SEC going after Binance and Coinbase, with rumors of Prime Trust declaring bankruptcy, it is...

Listen