We Study Billionaires - The Investor’s Podcast Network BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)
19 snips
Jan 17, 2024 
In this insightful discussion, NVK, founder of ColdCard and a renowned expert in Bitcoin hardware and software, breaks down Bitcoin's technical landscape for 2024. He delves into the implications of covenants and CheckTemplateVerify (CTV) for smart contracts and explores the potential of BRC20 tokens. The conversation also covers the importance of self-custody in Layer 2 solutions, the scalability challenges of the Lightning Network, and the intriguing role of OP_RETURN in transactions. NVK sheds light on recent advancements like SegWit and Taproot, offering a comprehensive view of Bitcoin's evolving ecosystem.
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Bitcoin's Stability
- Bitcoin is very stable; short-term market fluctuations are driven by demand, not fundamental issues.
- These spikes historically occur with new tech or increased adoption.
Covenants and CTV
- Covenants and CTV are complex technical proposals for Bitcoin's future.
- Don't worry about them unless you're a highly technical person.
BRC-20 Tokens
- BRC-20 tokens, like on-chain JPEGs, are valid Bitcoin transactions, regardless of their perceived value.
- Their high data size relative to economic value makes them less efficient than Bitcoin transactions.