AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#173 – Nic Carter: Bitcoin Core Values, Layered Scaling, and Blocksize Debates
Lex Fridman Podcast
Bitcoin and the Layered Scaling Model
All payment systems are built on layers. Visa is like the fifth layer in the payment stack that ultimately depends on these utility scale settlement systems such as Fedwire, chips and ACH. You've got these slow moving but high assurance settlement systems. So at this time, there's no merchant adoption and so on. It's kind of its vision, the whole reason for existence, at least for now, hasn't materialized.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode