Bankless Are Bitcoin L2s Real? with David Seroy (Bitcoin Dave)
12 snips
Feb 21, 2024 
David Seroy, also known as Bitcoin Dave, is an armchair researcher passionate about Bitcoin's rollup ecosystem. In this engaging discussion, he dives into the reality of Bitcoin Layer 2 solutions and whether they're truly viable. The conversation highlights the potential of projects like BitVM and the challenges facing scalability with the Lightning Network. David paints an optimistic picture of Bitcoin's future, exploring innovative technologies and the ongoing evolution of its functionality within the cryptocurrency space.
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Bitcoin's Scaling Evolution
- Bitcoin’s scaling journey mirrors Ethereum’s, with initial explorations of sidechains and Lightning Network.
- A renewed interest in rollups emerges as limitations of previous solutions become apparent, similar to Ethereum's shift from state channels.
Bitcoin's Monetary Focus
- Bitcoin Dave values Bitcoin's monetary properties over Ethereum’s, believing money is the core application.
- He sees a need to combine Bitcoin’s monetary strength with Ethereum’s technical advancements, like scaling solutions and DeFi.
Rollups and Bitcoin's Future
- Rollups are crucial for Bitcoin’s future because limited block space restricts self-custody and invites centralization.
- Custodial solutions create vulnerabilities for fractional reserve lending and compromise Bitcoin's fixed supply.