Stephan Livera Podcast
NVK on Bitcoin Ossification and Changes SLP582
Jun 7, 2024
NVK from Coinkite discusses Bitcoin ossification and changes in the Bitcoin network. Topics include bug fixes, desired changes, Bitcoin usage, market focus, and the fate of other blockchains. The conversation explores Bitcoin's role as a store of value or medium of exchange, Gresham's Law, and the future path for Bitcoin.
58:19
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Quick takeaways
- Reevaluation of Bitcoin ossification to extreme conservatism for code improvement and consensus maintenance.
- Debate on Bitcoin's role as a medium of exchange vs. store of value, urging for potential enhancements like covenants.
Deep dives
Bitcoin Ossification and Gardening
Bitcoin ossification, a term used to describe extreme conservatism in Bitcoin changes, is being reevaluated. The discussion shifts towards being extremely conservative on changes rather than ossification due to the evolving nature of feature classifications and demands from different market actors. NVK emphasizes the importance of continual code improvement, termed 'gardening' within the framework of extreme conservatism to enhance P2P communication and maintain consensus rules.
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