S15 E34: Charlie Lee on Privacy & MWEB (Mimble Wimble Extension Block)

Apr 28, 2024

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MWEB was activated on Litecoin's main net in 2022, providing a useful mix of privacy and scalability. It's a fascinating soft fork that's 100% compatible with Bitcoin. In this episode, Charlie Lee explains how MWEB works & why it matters. Time stamps: Introduction to the Episode (00:00:35)  Bet with Roger Ver (00:01:19)  Lightning Network Adoption (00:02:49)  Expectations for Lightning Network (00:04:10)  Lightning as a Privacy Solution (00:05:11)  Second Layer Solutions Discussion (00:06:23)  Block Size and Decentralization (00:08:16)  Trade-offs in Scaling Solutions (00:10:06)  Introduction to MWEB (00:11:51)  Technical Specifications of MWEB (00:14:45)  Financial Privacy as a Human Right (00:16:46)  Controversy Surrounding Samurai Wallet (00:18:18)  Mixing and Privacy in MWEB (00:19:52)  Confidential Transactions in MWEB (00:20:34)  Confidential Transactions Explained (00:21:32)  Mimblewimble's Cut-Through Feature (00:22:55)  CoinJoin and Privacy (00:24:07)  Pegging Out from MWEB (00:25:09)  Exchanges and Privacy Tools (00:28:33) Grin++ Integration with MWEB (00:30:42)  Fungibility and MWEB (00:32:58)  Ordinal Theory and MWEB (00:35:14) CoinJoin Implementation Challenges (00:36:40)  MWEB's Similarities to Grin (00:38:20)  MWEB's Compatibility with Bitcoin (00:39:38)  Litecoin's Divergence from Bitcoin (00:40:43)  Litecoin's Role in Bitcoin Scaling (00:42:05)  Activation of SegWit and its Impact (00:42:16)  Public Support for Litecoin (00:43:35)  Sidechains & Trade-offs (00:44:56) Interest in Drivechains (00:47:47)  Litecoin's Longevity and Usability (00:49:56)  Physical Bitcoin Collectibles (00:51:50)  Self-Custody Solutions (00:55:52)  Concerns Over Complexity in Custody (00:54:04)  Future Plans for MWEB (00:58:28) Risks in Privacy Implementations (01:00:00) Future of Litecoin Beyond MWEB (01:01:57)  Inflation Bug Disclosure (01:03:23)  Developer Collaboration (01:04:17)  Open Source Benefits (01:06:08)  Craig Wright Controversy (01:06:58)  ETFs and Demand (01:09:25)  Ethereum's ETF Challenges (01:10:32)  Staking and ETFs (01:11:20)  Satoshi Identity Debate (01:12:27)  Magical Crypto Friends Comeback? (01:13:12)  Innovation Beyond Bitcoin (01:14:32)  Multi-Chain Future (01:18:20)