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The Importance of Human Intervention in Bitcoin
Dylan LeClaire had a tweet yesterday that I think encapsulates my opinion and probably your opinion quite well. So it's an argument to say that rather than calling this spam, we can just be like, look, the block size is fixed. Like blocks are never going to be more than about four megabytes in size. And so yeah, let them throw whatever in those blocks because it's going to help us fund the Bitcoin firewall.
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.
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