Once Bitten! A Bitcoin Podcast.

EOY Review 2024 - @GrassFedBitcoin #515

Dec 29, 2024
Dive into the chaotic world of Bitcoin as key divisive issues from 2024 are dissected. Discover why fees spiked during the halving and unravel the 'bait and switch' tactics by industry actors. Hear from 'The Bitcoin Mechanic' about insights into mining and the importance of community humility. Explore the challenges within the Bitcoin ecosystem, from funding struggles to transaction intricacies. The episode also reflects on the need for self-custody and the evolving importance of tools for navigating Bitcoin's complexities.
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INSIGHT

Wisdom vs. Intelligence

  • Intelligence without wisdom can be harmful, especially when modifying Bitcoin's protocol.
  • Unintended consequences from upgrades like SegWit and Taproot highlight this.
ANECDOTE

Saylor's Decentralized Identity

  • Michael Saylor discussed decentralized identity with Prince and the Bitcoin Mechanic.
  • It involved encoding data within Bitcoin transactions, bypassing default node limits.
ANECDOTE

Testnet Disruption

  • Jameson Lopp, a Taproot Wizard, disrupted the Bitcoin testnet, hindering Casey Rodarmor's testing of Runes.
  • He falsely claimed it was due to a bug fix, highlighting the conflict between them.
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