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Bitcoin.Review Podcast with NVK & Guests
BR057 - Core, COLDCARD, CTV UASF, TXHASH, Frostsnap, Vulnerability HELL +MORE ft. Schmidty, Rijndael
Dec 21, 2023
Guests Mike Schmidt & Rijndael discuss reactive security in Bitcoin, lightning integration into social networks, converting release notes to a podcast using text-to-speech technology, browser UI for Core Lightning, funding for Bitcoin organizations, inclusion of metadata and interoperability challenges, decentralization and power dynamics in Bitcoin, building a resilient future for Bitcoin, Bitcoin project updates, Lightning Terminal and Mutiny Wallet releases, and discussion on the cluster mempool and Mornet.
02:02:51
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Quick takeaways
- Bitcoin Core development faces criticism for being overbearing or slow, but limited resources and careful consideration are necessary for stability and security.
- Economic nodes, those holding significant Bitcoin, have the power to influence the network through signaling their support for changes or forks.
Deep dives
CTV+Vault and Bitcoin Governance
The proposal for CTV+Vault in Bitcoin is gaining traction, but there is a lack of consensus and interest from economic actors to run the code. This points to the centralized nature of Bitcoin Core development, which frustrates some who want to see changes and innovation. However, the core maintainers tend to stay out of contentious issues and focus on maintaining the stability and performance of the Bitcoin network. The frustration stems from a divide between those who believe Core is overbearing and those who think Core is changing too much. Additionally, there is a lot of noise from people who don't hold much Bitcoin and don't fully understand the complexities of development. Ultimately, the power in Bitcoin lies with the economic nodes, those who hold a significant amount of Bitcoin and can drive the price by signaling their support for certain changes or forks.
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