The bitcoin ‘ossification’ debate continues with a discussion on the key considerations. What makes Bitcoin special? What improvements are necessary to retain sufficient decentralisation, if any?
Vijay Boyapati and Brandon Black (aka reardencode) rejoin me for a special episode to discuss:
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What makes Bitcoin special?
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Defining ‘ossification’
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How many users is ‘enough’?
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Unknown unknowns
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Addressing centralising MEV concerns
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Soft forks and hard forks
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Economic nodes and who holds the power
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Where to from here
Timestamps:
(00:00) - Intro
(01:54) - What makes Bitcoin Special? ft. Vijay
(09:37) - Verifiability & decentralisation of Bitcoin ft. Brandon
(14:31) - When do we stop ‘changing’ bitcoin?
(15:17) - Revisiting the blocksize wars & importance of self sovereignty
(20:45) - Libertarian principles of Bitcoin
(23:48) - ‘Sufficiently decentralised’ Bitcoin
(26:42) - Defining ‘Ossification’ of Bitcoin
(30:56) - Sponsors
(34:11) - Economic interests in upgrading Bitcoin nodes
(43:40) - Bitcoin is a Trojan horse
(47:15) - Can we rule out ‘Unknown unknowns'?
(50:49) - Concerns over centralising MEV
(1:00:17) - Whose chain is it anyway?
(1:05:14) - Resisting soft forks and hard forks
(1:16:49) - Closing Thoughts
Links:
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X: @real_vijay)
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Bullish Case for Bitcoin: Swan.com/bullish)
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X: @reardencode)
Prior episodes:
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Rusty - Great Script Restoration)
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Brandon Black - Are Covenants necessary for Bitcoin)
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TXHASH Steven Roose)
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Matt Corallo and Steve Lee Great Consensus Cleanup)
Sponsors:
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Swan.com) (code LIVERA)
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CoinKite.com) (code LIVERA)
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Mempool.space)
Stephan Livera links:
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Follow me on X: @stephanlivera)
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Subscribe to the podcast)
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Subscribe to Substack)
