I'm joined by guests Harry Sudock, Aaron van Wirdum and Adam Gibson to discuss the power dynamics in Bitcoin. Discussion Topics: 00:02:41 The Mexican stand off conceptualisation of the power dynamics within Bitcoin 00:04:19 Are developers part of the game theory? 00:21:57 The power dynamics involved in changing Bitcoin 00:33:39 The role of prediction markets in determining consensus 00:43:01 Can Bitcoin development be corrupted? 00:46:26 Corruption factors invovled in chain forks 00:53:39 Bitcoin's resistance to change 00:57:12 Bitcoin vs gold and considerations surrounding resistance to human interference 01:03:19 Perspectives on changing Bitcoin 01:04:41 Controversial changes (Tapscript) 01:07:16 What properties of Bitcoin are changeable? 01:15:18 How do you defin the "true" Bitcoin? 01:23:53 Forking as means of achieving market consensus 01:27:14 Politcs and getting buy-in for controversial changes 01:32:40 Why change Bitcoin? 01:34:55 Historic examples of contentious changes 01:38:11 Contextualising developer influence on Bitcoin 01:41:05 Contentious non-consensus changes (RBF) 01:45:12 Game theory involved in conflicts between users and miners 01:55:53 Mitigating against short term incentives with long term risks 01:59:39 Bitcoin: There is no alternative 02:01:55 Off-chain considerations Links & Contacts: Website: https://bitcoin.review/Podcast Twitter: https://twitter.com/bitcoinreviewhq NVK Twitter: https://twitter.com/nvk Telegram: https://t.me/BitcoinReviewPod Email: [email protected] Nostr & LN:⚡[email protected] (not an email!) Full show notes: https://bitcoin.review/podcast/episode-21/

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related