In this episode, Rizzo & Shinobi from Bitcoin Magazine dive into the escalating dispute between Bitcoin Core and Bitcoin Knots, unpacking the ideological clash over arbitrary data in transactions, node vs. miner dynamics, and the legacy of the Fork Wars. They explore whether Bitcoin should be a neutral settlement layer or a strictly financial system, the technical realities of relay and consensus rules, and the rising social tensions around developer authority and dissent. Enjoy

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Timestamps:

(00:00) Introduction

(02:31) Bitcoin Core Just Doesn’t Understand

(07:24) Bitcoin's Purpose & Transaction Types

(09:56) Core Developers' Stance on Network Changes

(14:39) Arguments Against Arbitrary Data on Bitcoin

(20:01) Dissent Impact on the Network

(25:40) Closing Thoughts on Bitcoin Development

(27:44) Understanding Bitcoin as a Settlement Layer

(28:52) The Rise & Fall of Ordinals & NFTs on Bitcoin

(30:41) The Fork War Consensus & Bitcoin's Evolution

(32:38) Node Supremacy and Economic Relevance

(35:03) The UASF & Economic Relevance

(37:19) The Role of Developers & Community Consensus

(49:14) Educating the Next Generation of Bitcoiners

(50:52) Final Thoughts

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Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

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