It's not like bitmex can just mint more bt c on the spot, even if you're willing to pay a premium. The whole process would have to take a hundred two blocks. Soi've never thought wat at hypothetically, you could nearly have a partially collateralized or fractional reserve l b t c,. But i don't think we've seen that in practice yet. And the sames for lightning, right?...
In this episode, Su and Hasu are joined by James Prestwich, one of the leading technical experts and thinkers in this space.
Topics covered:
- What is Blockstream Liquid
- The bug James found
- Disclosure and aftermath
- Sidechains, channels, plasma, and rollups
- How Bitcoin isolates itself from innovation happening on other chains (recommended reading)
- Bitcoin in DeFi
Su Zhu is the CEO and CIO of Three Arrows Capital.
Hasu is a cryptocurrency researcher and writer.
Together, they publish on Deribit Insights and uncommoncore.co.