#173 – Nic Carter: Bitcoin Core Values, Layered Scaling, and Blocksize Debates
Lex Fridman Podcast
Bitcoin's Critiques and Complexities
This chapter explores the criticisms of Bitcoin, notably its association with illegal activities and the energy consumption of mining. It highlights the legitimacy of Bitcoin's transactions today and discusses its scalability challenges, including the block size debate and the Lightning Network. Additionally, the chapter analyzes the governance dynamics of Bitcoin and the concentration of mining power, particularly in China, emphasizing the collaborative nature of its ecosystem.
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