Dan Held

speaker

605 appearances 1 recordings 1 series first heard Jul 2026 last heard 13 Jul

Dan Held’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

Bankless · Is Bitcoin Going According to Plan? Gold, Saylor, Satoshi | Dan Held · 13 Jul 2026 podcast

Yeah, that's a great question.

I think it's this one, I'd like to go back to the block size wars.

Basically, for those who aren't familiar, there's Bitcoin and Bitcoin Cash, Civil War, Bitcoin Broken Half, essentially, in terms of cultural community values.

The small blockers, which was myself and basically what Bitcoin is today, we believe that you can't scale Bitcoin completely on the layer one, so you have to scale it in layers.

So you have to build these other layers that eventually net settle in the Bitcoin-based layer, for those who don't know what we're talking about here.

For the L2s, basically the community made a promise that we would push all this economic activity to L2s and that we would foster a healthy L2 to L1 relationship.

I do think the Bitcoin community has failed in that regard.

We could have implemented things like OPCAT or other very basic scripting functions in the Bitcoin base layer that would enable trustless L2s.

Most of Bitcoin L2s have different security assumptions.

that basically make the process of using your Bitcoin on an L2 less secure than Bitcoin's L1, and we could have made it almost equivalently secure.

So I do think that that is a promise that was made back then in the block size wars that we have not fulfilled.

And so I would say that's a big mess because we could have had, and I think the rise of different other smart contract platforms like Ethereum, Solana, and others represent that missed opportunity.

I think that the lack thereof of really capable L2s that are anchored really well into Bitcoin's L1

I think because we haven't made those changes happen in the community, I do think, like I said, those protocols represent that missed opportunity.

Interesting, interesting.

some of the things that you talked about like opcat and some of the other technical things actually worked out what would bitcoin look like yeah it's a good question it's all hypothetical right can't really what would happen but you know if you have trustless bridging which means you can take your bitcoin from an l1 and bring it to an l2 and you don't have to trust the bridge that changes a lot of things i feel like that security would change a lot of user behavior around when they operate with this l2 if they trust you wouldn't have to trust it as much

There's, of course, zero-day exploits and other functions with an L2 that you need to be aware of, you know, protocol risk.

You know, I was saying this five years ago, you know, just because it's DeFi doesn't reduce its risk.

A lot of people are marketing DeFi as, yeah, I've reduced my counterparty risk to zero.

I'm like, yeah, you did, but you also have... Yeah, your counterparty risk, yeah.

Showing 241–260 of 605 · page 13 of 31