We Study Billionaires - The Investor’s Podcast Network BTC004: Bitcoin Tech & Future Growth w/ Blockstream's Samson Mow (Bitcoin Podcast)
Dec 16, 2020
Samson Mow, Chief Strategy Officer at Blockstream and CEO of Pixelmatic, dives into the evolution of Bitcoin technology. He discusses the early days of Blockstream and the pivotal fork wars that shaped Bitcoin's future. Mow elaborates on Bitcoin's transaction value per second, the significance of the Lightning Network, and innovative projects like Blockstream satellites. He also touches on the development of Liquid and the intersection of gaming and Bitcoin, providing an insightful glimpse into where he believes Bitcoin is headed in the next five years.
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Bitcoin XT "Upgrade"
- Samson Mow, as CEO of BTCC, was told to upgrade to Bitcoin XT.
- This "upgrade" was presented as developer-supported, highlighting communication challenges in Bitcoin's early days.
Block Size and Centralization
- Increasing Bitcoin's block size necessitates more hard drive space for full nodes.
- This centralization risk undermines Bitcoin's decentralization principle, a key concern in the 2017 fork.
Control of Bitcoin
- The 2017 fork wars raised a critical question: who controls Bitcoin?
- The outcome demonstrated that users and full node operators ultimately hold the deciding power.