Dive into the pressing challenges of Bitcoin's development, where trustless self-custody is at risk. The conversation highlights innovative solutions like CTV to tackle scalability issues, urging the community to refocus on fundamental principles. Delve into the ongoing debate between big and small blockers, revealing tensions in the approach to transaction processing. The importance of innovation shines as discussions pivot to layer 2 solutions and financial autonomy, showcasing tools like BitKit for a brighter Bitcoin future.
45:22
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Bitcoin Core's Loss of Focus
Bitcoin Core developers are prioritizing secondary issues over trustless UTXO ownership.
This neglects Bitcoin's core value proposition and risks turning it into another regulated financial asset.
insights INSIGHT
CTV's Undervalued Potential
CTV (Covenanted Transactions Version) offers an efficient way to guarantee coin withdrawals during crises.
Despite this, key figures downplay CTV's value, possibly due to its simplicity and existing testing.
insights INSIGHT
Small Changes, Big Impact
Implementing a scaling solution for self-custody may only require a few opcodes.
These smaller changes are easier to test and less disruptive than SegWit or Taproot.
Get the Snipd Podcast app to discover more snips from this episode
In this episode of Bitcoin Audible, I read James O'Beirne's "Bitcoin Core’s Loss of Focus" and offer my perspective on its critical arguments. Has Bitcoin’s development strayed from its core mission of empowering trustless self-custody for all? Let's unpack the challenges, potential solutions like CTV, and the broader implications for Bitcoin's future scalability. Is the community prepared to face these fundamental issues—or are we losing sight of what truly matters?
Check out the original article thread Bitcoin Core’s Loss of Focus by James O'Beirne (Link: https://tinyurl.com/4a4pyhn4)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold
Ready for best-in-class self custody?
Get the Jade here and use discount code 'GUY' to get 10% off (Link: bitcoinaudible.com/jade)
Trying to BUY BITCOIN?
River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)
Bitcoin Games!
Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)
Bitcoin Custodial Multisig
Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
“It is better to remain silent at the risk of being thought a fool than to talk and remove all doubt of it.” – Maurice Switzer
Bitcoin Audible