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

January 12, 2019 04:07:33
Episode Cover

What's Really Driving the Cryptocurrency Phenomenon? - The Iterative Capital Thesis

The complete reading of Iterative.Capital's incredible and thorough thesis, "What's Really Driving the Cryptocurrency Phenomenon?" For more excellent research and news in the Bitcoin/Cryptocurrency...

Listen

Episode

September 21, 2018 00:28:58
Episode Cover

CryptoQuikRead_155 - POW is Efficient [Dan Held]

"The Cryptopocalypse is coming — Bitcoin’s (PoW) is so bad that it’s going to destroy the world in 2020!" -DanHeld Is Bitcoin's energy consumption...

Listen

Episode

March 28, 2018 00:37:13
Episode Cover

CryptoQuikRead_036 - Appcoins are Snake Oil

Daniel Krawisz gives us a solid argument to why appcoins are all snake oil.  A failed application of economics in an immature market.  But...

Listen