Bidquin: I was able to, in about thirty minutes, identify a severe vulnerability that could lead to theft of funds. So clearly, nobody is scrutinizing this system or the way it operates. The reason why blocks impilated liquid to federateit blockchan is that the original vision of a trustless pack has failed. Back on bidcoin talk, we all got ted about side chains, the idea that you could take your asset from pioy and move it over to some other chain system....
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.