"To not die, Bitcoin must become more used. The current thesis accepted by most “maximalists” is that Bitcoin will continue to be thought of as an investment and its price will keep increasing, the price movements will bring more attention to it in a virtuous cycle. Eventually enough people will want to hold it so they will start accepting it as a payment for goods and services and then it can start to be used as money."
Today we dive into Fiatjaf's contribution to the sidechains, drivechains and scaling bitcoin to billions series as a follow up to James Obeirne's piece. Bitcoin can still fail, but what would make bitcoin fail and how can we avoid it? Is there a solution we've been sitting on untapped? Could drivechains prevent the undesirable future where the whole world simply ends up trusting custodians? Let's explore in today's episode.
Check out the original article at:
The place of Drivechain in Bitcoin’s future – Fiatjaf
If you haven't been following this article series, then don't forget to check out last few reads for context at the links below:
James OB - Anthony towns - Blockstream - Drivechains
Check out our awesome sponsors and the offers they have for the Audible crew!
-------------------------
"One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain." — Thomas Sowell
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course,...
"For too long, the world has had to endure the fallout of subpar academic research on bitcoin mining’s energy use and environmental impact. The...
The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn...