Bankless BitVM: The Holy Grail for Bitcoin? | Creator Robin Linus
Jun 13, 2024
Robin Linus, a Bitcoin developer and co-author of the BitVM white paper, explores the groundbreaking potential of BitVM for Bitcoin scalability. He dives into the application of zero-knowledge proofs and how they can transform Bitcoin transactions, comparing BitVM’s design to Ethereum rollups. Linus discusses the challenges and innovations faced in developing this technology, as well as its implications for the future of Bitcoin. He highlights the need for trust and collaboration in advancing Bitcoin's capabilities in the ever-evolving crypto landscape.
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Bitcoin's Importance
- Robin Linus is motivated to scale Bitcoin because he believes better money is fundamental to a healthy society.
- He sees fiat money as a societal "cancer" robbing people of their time and incentivizing harmful behaviors.
Bitcoin's Strength and Weakness
- Bitcoin's strength lies in its resistance to change, which also hinders rapid technical scaling.
- While altcoins offer faster development through hard forks, Bitcoin's established brand and community acceptance of proof systems are key advantages.
Bitcoin: Asset vs. Currency
- The Bitcoin community is divided into those who view it as an asset versus a currency.
- Linus emphasizes BitVM’s permissionless nature, enabling building without full community consensus.
