Bitcoin Core Developer: This is a MAJOR threat to BTC
Robin Seyr
Intro
This chapter discusses the threats to Bitcoin posed by its core developers and the need for transparency in its evolution. It also highlights historical challenges like the block size war and personal journeys into Bitcoin development, linking the cryptocurrency to human rights advocacy.
Insights into the Developments for Bitcoin. Fabian Jahr the Bitcoin Core Developer explains how BTC actually works. Where to store your Bitcoin? I personally use a BitBox! - Get a 5% Discount with code "ROBIN" - & visit: https://bitbox.swiss/robin Contact the CyberSecurity & Self Custody Experts from the Bitcoin Way: - 30 mins free call with my link: https://www.thebitcoinway.com/partners/robin Get the Best Bitcoin Watches ever: - Here: https://www.coinvigilante.com/?ref=robinseyr Guest's contact: https://x.com/fjahr Summary Fabian, a Bitcoin core developer, discusses his journey into Bitcoin development and the importance of the Bitcoin Core project. He explains that the Bitcoin base layer is not yet complete and there is still work to be done in terms of maintenance, performance improvements, and code cleanup. He also highlights the significance of consensus changes, such as covenants, in enabling new features and scaling solutions. Fabian addresses the concern of potential threats from Bitcoin core developers, emphasizing the decentralized nature of the project and the importance of code review. He concludes by discussing the future of Bitcoin development and the need to address emerging technologies and potential vulnerabilities. The biggest vulnerability to Bitcoin is the potential loss of privacy and the adoption of central bank digital currencies (CBDCs) that undermine the value of privacy. The entry of powerful financial players and the centralization of mining pools could also lead to attempts to control and manipulate Bitcoin. The peer-to-peer nature of Bitcoin may be lost as more people rely on centralized exchanges and custodial wallets. The Human Rights Foundation (HRF) recognizes the value of Bitcoin in protecting individuals' rights and supports the use of Bitcoin for privacy and censorship resistance. Takeaways The Bitcoin base layer is not yet complete and requires ongoing maintenance, performance improvements, and code cleanup. Consensus changes, such as covenants, are important for enabling new features and scaling solutions. The threat of malicious actions by Bitcoin core developers is low due to the decentralized nature of the project and the importance of code review. The future of Bitcoin development will involve addressing emerging technologies and potential vulnerabilities. The loss of privacy and the adoption of CBDCs are the biggest threats to Bitcoin. The entry of powerful financial players and the centralization of mining pools could lead to attempts to control and manipulate Bitcoin. The peer-to-peer nature of Bitcoin may be lost as more people rely on centralized exchanges and custodial wallets. The Human Rights Foundation supports the use of Bitcoin for privacy and censorship resistance. Chapters 00:00 Introduction and Background 05:45 The Role of Brink in Bitcoin Development 08:36 Number of Bitcoin Core Developers 17:51 The Slowness of Bitcoin Core Development 19:52 The Future of Bitcoin Base Layer Development 27:33 The Threat of Collusion Among Bitcoin Core Developers 34:13 The Future of Bitcoin Development 39:19 Vulnerabilities and Threats to Bitcoin 44:36 The Importance of Self-Custody and Peer-to-Peer Nature 49:32 Bitcoin's Role in Promoting Human Rights 52:06 Exploring Cross Input Signature Aggregation (CISA)
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