Bitcoin Audible Read_757 - Putting the B in BTC [Anthony Towns]
"The headroom there isn’t unlimited — expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users." — Anthony Towns
It's officially Sidechain Week! Because today Anthony Towns takes us through an thought experiment that sets our current best understanding of the scaling problem and the best technological path we have to solve it, as a foundation to see what a Bitcoin future with billions of users really looks like, and what we should expect in the transition to that future. A great piece that will be very useful for our continued discussion of the tools we have to conquer this problem.
Check out the original article at : Putting the B in BTC
Links:
- Anthony Towns Twitter
- Want to get a head start on a coming read? Thoughts on scaling and consensus changes (2023) - Protocol Design - Delving Bitcoin
- Towns' piece on what the key values of Bitcoin are: Inamerrata » Blog Archive » Zeitgeist.
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
- 9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard
- Check out the KYC Free, simple, no management, Bitcoin merchant solution, Nodeless.io/guy
- Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold
-------------------------
"Don’t underestimate the power of vision and direction. These are irresistible forces, able to transform what might appear to be unconquerable obstacles into traversable pathways and expanding opportunities. Strengthen the individual. Start with yourself. Take care with yourself. Define who you are. Refine your personality. Choose your destination and articulate your Being. As the great nineteenth-century German philosopher Friedrich Nietzsche so brilliantly noted, “He whose life has a why can bear almost any how."
— Jordan B. Peterson
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message