The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)
The "What is Money?" Show
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Navigating Bitcoin's Transaction Challenges
This chapter explores the intricate issues surrounding blockchain technology, particularly focusing on spam versus valid transactions in the Bitcoin network. It discusses the operational challenges posed by spam and the potential technological solutions, including forks, to maintain Bitcoin's usability and integrity. The conversation also examines how cultural shifts and recent upgrades like SegWit and Taproot impact transaction costs and the centralization of Bitcoin, highlighting the ongoing need for adaptation within the ecosystem.
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