In this episode, we dive into the escalating Bitcoin civil war over BIP-444 — the proposed “emergency soft fork” to limit arbitrary data onchain. The panel debates “pleb slop” culture, anti-core developer sentiment, and whether the community is repeating the moral crusades of the Blocksize Wars. We also dissect miner incentives, exploiting user-activated vs. user-rejected forks, property-rights implications, and prediction markets tracking whether the fork will ever activate. Enjoy!
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Timestamps:
(00:00) Introduction
(01:48) Debating “Pleb Slop” and Core Values
(08:25) Developers, Consensus, and the Community Divide
(16:20) Fork Proposals and the Governance Dilemma
(21:40) Soft Forks, User Action, and Network Power
(34:05) FG Trailer
(35:17) Soft Forks, User Action, and Network Power
(39:18) Game Theory: Block Invalidation and Chain Reorgs
(42:50) Prediction Markets, Fork Futures, and Incentives
(47:51) Economic Voting and Miner Power Dynamics
(52:42) Censorship, Property Rights, and Bitcoin Core’s Role
(1:06:01) Fork Scenarios and the Future of Bitcoin
(1:07:24) Final Thoughts
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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
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