Read_758 - Scaling and Consensus Changes [James O'Beirne⁠]

August 21, 2023 01:13:39
Read_758 - Scaling and Consensus Changes [James O'Beirne⁠]
Bitcoin Audible
Read_758 - Scaling and Consensus Changes [James O'Beirne⁠]

Aug 21 2023 | 01:13:39

/

Hosted By

Guy Swann

Show Notes

"When reading a draft of this post, my wife got kind of depressed right around here. Her macabre question, basically, is: “if everyone just winds up interacting with sidechains, and not Real Bitcoin, hasn’t the whole thing failed? At every point you’re dealing with some token that isn’t really bitcoin."

James O'Beirne⁠


Continuing the thread of discussions in a series of articles on sidechains and trying to frame our thinking for a Bitcoin future where billions can take advantage of its sovereignty, inflation resistance, and security, we dive into James O'Beirne's follow up to Anthony town's article in read 757. If we are all stuck in sidechains and semi-custodial systems, then did we actually fix anything, or was the whole idea a failure from the start?


Check out the original article at : Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin

If you missed the previous episode, it lays important context for today's read: Read 757


Don't forget to check out our amazing sponsors!

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

"The chief evil is unlimited government…nobody is qualified to wield unlimited power.” — F.A. Hayek

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

Other Episodes

Episode

September 15, 2021 01:10:14
Episode Cover

Read_559 - The Dollar Burden & Why the US Will Adopt Bitcoin [Ansel Lindner]

"we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article...

Listen

Episode

August 20, 2024 00:58:16
Episode Cover

Read_840 - Godzilla Returns

"The Fed, knowingly or not, is basically in charge of the global financial system. They may shout, “We raise rates in the US to...

Listen

Episode

September 14, 2020 00:21:41
Episode Cover

Guy's Take - Open Source Society in a Patented World [#31]

In a world drowning in patent trolls, insane intellectual property restrictions, and a reality where someone who neither can build a product, nor came...

Listen