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Bitcoin: A Constructive Project
Why do people feel like they have to step in and that they have to do this change? There's probably a multitude of factors that play into that. One is, of course, that we've been living in the fiat era since 1913. And I think now, interestingly enough, that paradigm is running on fumes. It's kind of like at a dead end and it's going to start deteriorating.
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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