Intro

This chapter explores the evolution of Bitcoin, focusing on its scalability challenges and historical debates about transaction fees and block size. It highlights the importance of layer two solutions and the introduction of inscriptions, emphasizing the recurring nature of these discussions in the Bitcoin community.

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Episode notes

In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?

08:19 - Why do so many people have the urge to update the code base?

11:17 - Why are inscriptions potentially good for L2?

14:25 - Apps that are seamlessly working between L1 and L2.

15:36 - What will future fees look like on both layers in 10 years or more?

28:34 - Some of Tuur's previous writing and what he's focusing on now.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tuur Demeester's Bitcoin Reformation Article.
Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.
Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin.
Tuur Demeester's articles from 2015.
Tuur Demeester's articles from 2014 - 2021.
Related episode: Listen to BTC131: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester, or watch the video.
Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.
Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.

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